Invesco BuyBack Achievers ETF (NASDAQ:PKW) Sees Significant Growth in Short Interest

Invesco BuyBack Achievers ETF (NASDAQ:PKW) saw a large growth in short interest in the month of March. As of March 15th, there was short interest totalling 8,400 shares, a growth of 47.4% from the February 28th total of 5,700 shares. Based on an average daily volume of 26,100 shares, the short-interest ratio is presently 0.3 days. Currently, 0.1% of the shares of the company are short sold.

Invesco BuyBack Achievers ETF Trading Down 2.0 %

Shares of NASDAQ PKW traded down $2.30 during trading on Friday, reaching $111.97. 19,576 shares of the company traded hands, compared to its average volume of 18,788. The stock has a market cap of $1.19 billion, a P/E ratio of 14.74 and a beta of 1.09. The firm’s fifty day simple moving average is $116.71 and its 200 day simple moving average is $117.01. Invesco BuyBack Achievers ETF has a 12-month low of $101.26 and a 12-month high of $125.31.

Invesco BuyBack Achievers ETF Increases Dividend

The business also recently declared a dividend, which was paid on Friday, March 28th. Investors of record on Monday, March 24th were given a dividend of $0.3078 per share. This is a boost from Invesco BuyBack Achievers ETF’s previous dividend of $0.22. The ex-dividend date was Monday, March 24th.

Institutional Investors Weigh In On Invesco BuyBack Achievers ETF

Several hedge funds have recently bought and sold shares of the stock. Grove Bank & Trust acquired a new position in shares of Invesco BuyBack Achievers ETF in the 4th quarter valued at $35,000. Venturi Wealth Management LLC purchased a new position in Invesco BuyBack Achievers ETF in the fourth quarter valued at $43,000. Crews Bank & Trust acquired a new position in shares of Invesco BuyBack Achievers ETF in the fourth quarter worth about $46,000. Millstone Evans Group LLC purchased a new stake in shares of Invesco BuyBack Achievers ETF during the 4th quarter worth about $48,000. Finally, Noble Wealth Management PBC acquired a new stake in shares of Invesco BuyBack Achievers ETF during the 4th quarter valued at about $54,000.

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.