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

Invesco International BuyBack Achievers ETF (NASDAQ:IPKW) saw a large increase in short interest in the month of October. As of October 15th, there was short interest totalling 22,600 shares, an increase of 1,406.7% from the September 30th total of 1,500 shares. Based on an average trading volume of 17,000 shares, the days-to-cover ratio is currently 1.3 days.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in IPKW. Envestnet Asset Management Inc. bought a new position in Invesco International BuyBack Achievers ETF during the second quarter valued at approximately $12,008,000. Brookstone Capital Management grew its stake in shares of Invesco International BuyBack Achievers ETF by 3.6% in the 3rd quarter. Brookstone Capital Management now owns 105,999 shares of the company’s stock worth $4,540,000 after buying an additional 3,639 shares in the last quarter. Park Edge Advisors LLC increased its holdings in shares of Invesco International BuyBack Achievers ETF by 88.9% in the 3rd quarter. Park Edge Advisors LLC now owns 80,925 shares of the company’s stock worth $3,466,000 after buying an additional 38,086 shares during the last quarter. Financial Enhancement Group LLC lifted its holdings in shares of Invesco International BuyBack Achievers ETF by 4.0% in the 2nd quarter. Financial Enhancement Group LLC now owns 64,831 shares of the company’s stock valued at $2,596,000 after acquiring an additional 2,511 shares during the last quarter. Finally, Cetera Investment Advisers bought a new stake in Invesco International BuyBack Achievers ETF during the second quarter worth approximately $2,350,000.

Invesco International BuyBack Achievers ETF Price Performance

Shares of IPKW stock traded down $0.02 on Friday, hitting $41.71. 18,671 shares of the stock traded hands, compared to its average volume of 16,543. The firm has a market cap of $93.85 million, a price-to-earnings ratio of 10.12 and a beta of 0.93. The firm has a 50 day simple moving average of $42.10 and a two-hundred day simple moving average of $41.00. Invesco International BuyBack Achievers ETF has a 52 week low of $33.19 and a 52 week high of $43.17.

Invesco International BuyBack Achievers ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Monday, September 23rd were given a dividend of $0.363 per share. This represents a $1.45 annualized dividend and a dividend yield of 3.48%. The ex-dividend date was Monday, September 23rd.

About Invesco International BuyBack Achievers ETF

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.