Invesco BuyBack Achievers ETF (NASDAQ:PKW) Sees Large Decline in Short Interest

Invesco BuyBack Achievers ETF (NASDAQ:PKW) was the target of a significant decline in short interest in February. As of February 15th, there was short interest totalling 9,000 shares, a decline of 70.2% from the January 31st total of 30,200 shares. Based on an average daily trading volume, of 25,900 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. JPMorgan Chase & Co. boosted its holdings in Invesco BuyBack Achievers ETF by 0.3% in the fourth quarter. JPMorgan Chase & Co. now owns 31,868 shares of the exchange traded fund’s stock valued at $3,669,000 after purchasing an additional 87 shares during the period. Kovitz Investment Group Partners LLC lifted its holdings in Invesco BuyBack Achievers ETF by 1.0% during the 3rd quarter. Kovitz Investment Group Partners LLC now owns 14,209 shares of the exchange traded fund’s stock worth $1,596,000 after buying an additional 136 shares during the last quarter. Principal Securities Inc. lifted its holdings in Invesco BuyBack Achievers ETF by 4.6% during the 4th quarter. Principal Securities Inc. now owns 4,292 shares of the exchange traded fund’s stock worth $494,000 after buying an additional 189 shares during the last quarter. Blair William & Co. IL lifted its holdings in Invesco BuyBack Achievers ETF by 32.9% during the 4th quarter. Blair William & Co. IL now owns 877 shares of the exchange traded fund’s stock worth $101,000 after buying an additional 217 shares during the last quarter. Finally, Ergawealth Advisors Inc. lifted its holdings in Invesco BuyBack Achievers ETF by 6.8% during the 4th quarter. Ergawealth Advisors Inc. now owns 3,576 shares of the exchange traded fund’s stock worth $412,000 after buying an additional 228 shares during the last quarter.

Invesco BuyBack Achievers ETF Trading Up 1.3 %

NASDAQ:PKW traded up $1.53 during midday trading on Friday, reaching $117.67. The company had a trading volume of 8,289 shares, compared to its average volume of 27,228. The firm has a market capitalization of $1.25 billion, a price-to-earnings ratio of 17.93 and a beta of 1.08. The stock’s fifty day simple moving average is $117.79 and its 200-day simple moving average is $116.49. Invesco BuyBack Achievers ETF has a 12-month low of $101.26 and a 12-month high of $125.31.

Invesco BuyBack Achievers ETF Dividend Announcement

The business also recently announced a dividend, which was paid on Friday, December 27th. Investors of record on Monday, December 23rd were issued a $0.2197 dividend. The ex-dividend date was Monday, December 23rd.

Invesco BuyBack Achievers ETF Company Profile

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.