Invesco BuyBack Achievers ETF (NASDAQ:PKW) Shares Shorted: Short Interest Up 86.0% in September

Invesco BuyBack Achievers ETF (NASDAQ:PKW) was the recipient of a large growth in short interest during the month of September. As of September 15th, there was short interest totaling 18,129 shares, a growth of 86.0% from the August 31st total of 9,748 shares. Based on an average daily trading volume, of 31,326 shares, the short-interest ratio is presently 0.6 days. Approximately 0.2% of the shares of the company are short sold.

Invesco BuyBack Achievers ETF Stock Performance

PKW stock opened at $143.08 on Thursday. The stock has a fifty day moving average of $149.31 and a 200-day moving average of $141.63. Invesco BuyBack Achievers ETF has a fifty-two week low of $125.47 and a fifty-two week high of $154.72. The company has a market capitalization of $1.67 billion, a price-to-earnings ratio of 15.13 and a beta of 0.92.

Invesco BuyBack Achievers ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 25th. Investors of record on Monday, September 21st were paid a $0.2183 dividend. The ex-dividend date was Monday, September 21st. This represents a $0.87 dividend on an annualized basis and a yield of 0.6%. This is a negative change from Invesco BuyBack Achievers ETF’s previous quarterly dividend of $0.2575.

Institutional Investors Weigh In On Invesco BuyBack Achievers ETF

Several institutional investors have recently made changes to their positions in PKW. United Community Bank purchased a new position in shares of Invesco BuyBack Achievers ETF in the second quarter valued at $70,000. Envestnet Asset Management Inc. lifted its holdings in Invesco BuyBack Achievers ETF by 173.4% during the 2nd quarter. Envestnet Asset Management Inc. now owns 192,831 shares of the exchange traded fund’s stock worth $27,316,000 after purchasing an additional 122,311 shares in the last quarter. Koshinski Asset Management Inc. boosted its stake in Invesco BuyBack Achievers ETF by 13.3% in the 1st quarter. Koshinski Asset Management Inc. now owns 79,528 shares of the exchange traded fund’s stock worth $10,438,000 after purchasing an additional 9,344 shares during the period. Triton Wealth Management PLLC boosted its stake in Invesco BuyBack Achievers ETF by 1.6% in the 1st quarter. Triton Wealth Management PLLC now owns 72,054 shares of the exchange traded fund’s stock worth $9,529,000 after purchasing an additional 1,120 shares during the period. Finally, Northwestern Mutual Wealth Management Co. grew its holdings in Invesco BuyBack Achievers ETF by 5.3% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 68,412 shares of the exchange traded fund’s stock valued at $9,189,000 after buying an additional 3,438 shares in the last quarter.

About Invesco BuyBack Achievers ETF

PowerShares Buyback Achievers Portfolio (the Fund) seeks investment results that correspond generally to the price and yield of the Share BuyBack Achievers Index (the Index). The Index is designed to track the performance of companies that meet the requirements to be classified as BuyBack Achievers. To become eligible for inclusion in the Index, a company must be incorporated in the United States, trade on a United States exchange and must have repurchased at least 5% or more of its outstanding shares for the trailing 12 months.