Invesco International BuyBack Achievers ETF (NASDAQ:IPKW) Sees Significant Increase in Short Interest

Invesco International BuyBack Achievers ETF (NASDAQ:IPKW – Get Rating) was the recipient of a significant increase in short interest during the month of May. As of May 15th, there was short interest totalling 1,200 shares, an increase of 300.0% from the April 30th total of 300 shares. Based on an average trading volume of 8,500 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Investors Weigh In On Invesco International BuyBack Achievers ETF

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Geneos Wealth Management Inc. raised its holdings in shares of Invesco International BuyBack Achievers ETF by 83.4% during the first quarter. Geneos Wealth Management Inc. now owns 1,416 shares of the company’s stock worth $54,000 after acquiring an additional 644 shares during the period. Belpointe Asset Management LLC bought a new stake in shares of Invesco International BuyBack Achievers ETF during the 4th quarter worth about $93,000. IFP Advisors Inc boosted its holdings in shares of Invesco International BuyBack Achievers ETF by 810.8% during the 4th quarter. IFP Advisors Inc now owns 3,370 shares of the company’s stock worth $128,000 after buying an additional 3,000 shares during the period. HBW Advisory Services LLC bought a new stake in shares of Invesco International BuyBack Achievers ETF during the 4th quarter worth about $211,000. Finally, Citadel Advisors LLC bought a new stake in shares of Invesco International BuyBack Achievers ETF during the 3rd quarter worth about $233,000.

Invesco International BuyBack Achievers ETF Stock Up 0.5 %

IPKW stock traded up $0.16 during midday trading on Friday, reaching $33.30. The company’s stock had a trading volume of 18,815 shares, compared to its average volume of 13,861. Invesco International BuyBack Achievers ETF has a 52 week low of $28.28 and a 52 week high of $37.63. The stock has a market cap of $79.92 million, a PE ratio of 9.19 and a beta of 0.93. The business’s 50-day simple moving average is $34.12 and its 200-day simple moving average is $34.36.

Invesco International BuyBack Achievers ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 24th. Shareholders of record on Tuesday, March 21st were issued a $0.41 dividend. The ex-dividend date was Monday, March 20th. This is a positive change from Invesco International BuyBack Achievers ETF’s previous quarterly dividend of $0.09. This represents a $1.64 annualized dividend and a yield of 4.92%.

About Invesco International BuyBack Achievers ETF

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The Invesco International BuyBack Achievers ETF (IPKW) is an exchange-traded fund that mostly invests in total market equity. The fund tracks a modified market-cap-weighted index of global ex-US companies that have reduced their outstanding shares by at least 5% in the past year. IPKW was launched on Mar 6, 2014 and is managed by Invesco.