Invesco BuyBack Achievers ETF (NASDAQ:PKW) Short Interest Down 65.5% in March

Invesco BuyBack Achievers ETF (NASDAQ:PKW) was the target of a large drop in short interest during the month of March. As of March 31st, there was short interest totaling 8,027 shares, a drop of 65.5% from the March 15th total of 23,243 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily trading volume, of 26,385 shares, the short-interest ratio is currently 0.3 days.

Institutional Investors Weigh In On Invesco BuyBack Achievers ETF

Hedge funds and other institutional investors have recently made changes to their positions in the company. Garton & Associates Financial Advisors LLC acquired a new stake in shares of Invesco BuyBack Achievers ETF during the 4th quarter worth approximately $28,000. Chesapeake Asset Management LLC acquired a new stake in shares of Invesco BuyBack Achievers ETF during the 4th quarter worth approximately $34,000. CX Institutional acquired a new stake in shares of Invesco BuyBack Achievers ETF during the 3rd quarter worth approximately $71,000. Cardiff Park Advisors LLC acquired a new stake in shares of Invesco BuyBack Achievers ETF during the 3rd quarter worth approximately $79,000. Finally, International Assets Investment Management LLC acquired a new stake in shares of Invesco BuyBack Achievers ETF during the 4th quarter worth approximately $87,000.

Invesco BuyBack Achievers ETF Trading Up 0.3%

Shares of NASDAQ PKW traded up $0.39 during trading on Tuesday, reaching $137.70. 7,007 shares of the company traded hands, compared to its average volume of 31,869. The firm’s fifty day simple moving average is $134.99 and its 200 day simple moving average is $133.87. The stock has a market cap of $1.63 billion, a P/E ratio of 15.13 and a beta of 0.98. Invesco BuyBack Achievers ETF has a 12-month low of $101.86 and a 12-month high of $140.10.

Invesco BuyBack Achievers ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Monday, March 23rd were paid a dividend of $0.2167 per share. The ex-dividend date was Monday, March 23rd. This represents a $0.87 dividend on an annualized basis and a dividend yield of 0.6%.

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.