Short Interest in Invesco BuyBack Achievers ETF (NASDAQ:PKW) Rises By 62.7%

Invesco BuyBack Achievers ETF (NASDAQ:PKW) was the target of a significant growth in short interest in December. As of December 15th, there was short interest totalling 23,100 shares, a growth of 62.7% from the November 30th total of 14,200 shares. Based on an average trading volume of 19,600 shares, the short-interest ratio is presently 1.2 days.

Invesco BuyBack Achievers ETF Stock Performance

NASDAQ:PKW traded down $0.84 during mid-day trading on Friday, reaching $116.19. 14,441 shares of the company’s stock were exchanged, compared to its average volume of 18,288. Invesco BuyBack Achievers ETF has a one year low of $96.67 and a one year high of $125.31. The business’s fifty day simple moving average is $119.43 and its two-hundred day simple moving average is $112.31. The firm has a market capitalization of $1.23 billion, a PE ratio of 12.93 and a beta of 1.09.

Invesco BuyBack Achievers ETF Dividend Announcement

The firm also recently announced a dividend, which will be paid on Friday, December 27th. Stockholders of record on Monday, December 23rd will be issued a dividend of $0.2197 per share. The ex-dividend date is Monday, December 23rd.

Institutional Investors Weigh In On Invesco BuyBack Achievers ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in PKW. Larson Financial Group LLC bought a new position in Invesco BuyBack Achievers ETF during the 2nd quarter worth $31,000. Mendota Financial Group LLC acquired a new stake in shares of Invesco BuyBack Achievers ETF during the 3rd quarter worth $59,000. Valley Wealth Managers Inc. bought a new position in shares of Invesco BuyBack Achievers ETF in the third quarter worth $90,000. Dunhill Financial LLC bought a new position in shares of Invesco BuyBack Achievers ETF in the third quarter worth $115,000. Finally, Lion Street Advisors LLC acquired a new position in Invesco BuyBack Achievers ETF in the third quarter valued at about $202,000.

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.