Invesco BuyBack Achievers ETF (NASDAQ:PKW – Get Free Report) was the target of a large drop in short interest in May. As of May 29th, there was short interest totaling 9,103 shares, a drop of 71.8% from the May 14th total of 32,226 shares. Based on an average daily trading volume, of 33,831 shares, the short-interest ratio is presently 0.3 days. Currently, 0.1% of the company’s stock are sold short.
Institutional Trading of Invesco BuyBack Achievers ETF
A number of institutional investors have recently modified their holdings of PKW. Triton Wealth Management PLLC boosted its holdings in shares of Invesco BuyBack Achievers ETF by 565.5% in the 4th quarter. Triton Wealth Management PLLC now owns 70,934 shares of the exchange traded fund’s stock valued at $9,585,000 after buying an additional 60,275 shares in the last quarter. Bank of America Corp DE raised its position in shares of Invesco BuyBack Achievers ETF by 5.6% in the 3rd quarter. Bank of America Corp DE now owns 824,794 shares of the exchange traded fund’s stock valued at $109,269,000 after purchasing an additional 43,912 shares during the last quarter. LPL Financial LLC raised its position in shares of Invesco BuyBack Achievers ETF by 9.5% in the 4th quarter. LPL Financial LLC now owns 463,308 shares of the exchange traded fund’s stock valued at $62,232,000 after purchasing an additional 40,121 shares during the last quarter. Wells Fargo & Company MN raised its position in shares of Invesco BuyBack Achievers ETF by 11.2% in the 4th quarter. Wells Fargo & Company MN now owns 372,416 shares of the exchange traded fund’s stock valued at $50,023,000 after purchasing an additional 37,513 shares during the last quarter. Finally, Two Sigma Investments LP purchased a new position in shares of Invesco BuyBack Achievers ETF in the 3rd quarter valued at approximately $4,372,000.
Invesco BuyBack Achievers ETF Trading Up 0.6%
Shares of NASDAQ:PKW traded up $0.87 during trading on Friday, reaching $139.96. The stock had a trading volume of 22,066 shares, compared to its average volume of 30,367. Invesco BuyBack Achievers ETF has a one year low of $118.46 and a one year high of $141.39. The company has a market capitalization of $1.66 billion, a P/E ratio of 15.13 and a beta of 0.93. The firm’s 50-day simple moving average is $136.85 and its 200 day simple moving average is $135.78.
Invesco BuyBack Achievers ETF Cuts Dividend
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.
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