Invesco International BuyBack Achievers ETF (NASDAQ:IPKW) Sees Large Drop in Short Interest

Invesco International BuyBack Achievers ETF (NASDAQ:IPKW) was the target of a significant decline in short interest in the month of January. As of January 15th, there was short interest totalling 9,000 shares, a decline of 75.0% from the December 31st total of 36,000 shares. Based on an average trading volume of 21,500 shares, the days-to-cover ratio is presently 0.4 days.

Invesco International BuyBack Achievers ETF Stock Up 0.7 %

Invesco International BuyBack Achievers ETF stock traded up $0.30 during mid-day trading on Wednesday, reaching $41.83. The company had a trading volume of 6,313 shares, compared to its average volume of 11,562. The firm has a market cap of $85.75 million, a price-to-earnings ratio of 10.12 and a beta of 0.93. The company has a 50 day moving average of $40.53 and a 200-day moving average of $41.21. Invesco International BuyBack Achievers ETF has a 52 week low of $36.03 and a 52 week high of $43.17.

Invesco International BuyBack Achievers ETF Announces Dividend

The firm also recently declared a dividend, which was paid on Friday, December 27th. Shareholders of record on Monday, December 23rd were issued a $0.5183 dividend. The ex-dividend date of this dividend was Monday, December 23rd.

Institutional Investors Weigh In On Invesco International BuyBack Achievers ETF

Several large investors have recently modified their holdings of the stock. Brookstone Capital Management raised its stake in shares of Invesco International BuyBack Achievers ETF by 3.2% during the fourth quarter. Brookstone Capital Management now owns 109,365 shares of the company’s stock worth $4,343,000 after buying an additional 3,366 shares during the last quarter. Park Edge Advisors LLC grew 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 valued at $3,466,000 after acquiring an additional 38,086 shares in the last quarter. Financial Enhancement Group LLC increased its holdings in Invesco International BuyBack Achievers ETF by 34.5% during the fourth quarter. Financial Enhancement Group LLC now owns 69,655 shares of the company’s stock worth $2,747,000 after buying an additional 17,869 shares during the last quarter. Cetera Investment Advisers bought a new stake in Invesco International BuyBack Achievers ETF in the second quarter valued at approximately $2,350,000. Finally, Stratos Wealth Advisors LLC lifted its stake in shares of Invesco International BuyBack Achievers ETF by 16.5% during the 3rd quarter. Stratos Wealth Advisors LLC now owns 36,508 shares of the company’s stock worth $1,564,000 after buying an additional 5,171 shares during the last quarter.

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.