Invesco International BuyBack Achievers ETF (NASDAQ:IPKW) Short Interest Update

Invesco International BuyBack Achievers ETF (NASDAQ:IPKW) was the recipient of a large growth in short interest during the month of October. As of October 31st, there was short interest totalling 78,800 shares, a growth of 248.7% from the October 15th total of 22,600 shares. Based on an average trading volume of 14,000 shares, the days-to-cover ratio is presently 5.6 days.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in IPKW. Envestnet Portfolio Solutions Inc. acquired a new stake in Invesco International BuyBack Achievers ETF during the second quarter worth about $377,000. Brookstone Capital Management raised its position in shares of Invesco International BuyBack Achievers ETF by 12.6% during the 2nd quarter. Brookstone Capital Management now owns 102,360 shares of the company’s stock worth $4,267,000 after purchasing an additional 11,423 shares during the period. Park Edge Advisors LLC lifted its holdings in shares of Invesco International BuyBack Achievers ETF by 16.1% in the 2nd quarter. Park Edge Advisors LLC now owns 42,839 shares of the company’s stock worth $1,713,000 after purchasing an additional 5,942 shares during the last quarter. Essex Financial Services Inc. acquired a new position in Invesco International BuyBack Achievers ETF during the 2nd quarter valued at approximately $332,000. Finally, Financial Enhancement Group LLC lifted its stake in Invesco International BuyBack Achievers ETF by 4.0% in the second quarter. Financial Enhancement Group LLC now owns 64,831 shares of the company’s stock valued at $2,596,000 after buying an additional 2,511 shares during the last quarter.

Invesco International BuyBack Achievers ETF Stock Performance

Shares of IPKW stock traded down $0.04 during trading hours on Wednesday, hitting $40.72. 23,065 shares of the company were exchanged, compared to its average volume of 16,709. The stock has a market capitalization of $91.61 million, a price-to-earnings ratio of 10.12 and a beta of 0.93. Invesco International BuyBack Achievers ETF has a one year low of $34.96 and a one year high of $43.17. The business’s 50-day simple moving average is $42.02 and its two-hundred day simple moving average is $41.22.

Invesco International BuyBack Achievers ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Monday, September 23rd were issued a dividend of $0.363 per share. This represents a $1.45 dividend on an annualized basis and a yield of 3.57%. The ex-dividend date was Monday, September 23rd.

Invesco International BuyBack Achievers ETF Company Profile

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.