Invesco International BuyBack Achievers ETF (NASDAQ:IPKW) Short Interest Down 97.8% in August
by Tristan Rich · The Markets DailyInvesco International BuyBack Achievers ETF (NASDAQ:IPKW – Get Free Report) was the target of a significant drop in short interest during the month of August. As of August 14th, there was short interest totaling 10,284 shares, a drop of 97.8% from the July 30th total of 466,615 shares. Based on an average daily volume of 69,915 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.1% of the company’s shares are short sold.
Institutional Investors Weigh In On Invesco International BuyBack Achievers ETF
Large investors have recently added to or reduced their stakes in the stock. UBS Group AG grew its stake in Invesco International BuyBack Achievers ETF by 36.2% in the 4th quarter. UBS Group AG now owns 131,752 shares of the company’s stock worth $7,322,000 after acquiring an additional 35,027 shares in the last quarter. Breakwater Capital Group raised its stake in shares of Invesco International BuyBack Achievers ETF by 9.5% during the first quarter. Breakwater Capital Group now owns 141,409 shares of the company’s stock valued at $7,956,000 after acquiring an additional 12,246 shares in the last quarter. Horizon Wealth Management LLC bought a new stake in shares of Invesco International BuyBack Achievers ETF during the fourth quarter valued at approximately $4,645,000. Patriot Financial Group Insurance Agency LLC boosted its holdings in shares of Invesco International BuyBack Achievers ETF by 112.4% in the first quarter. Patriot Financial Group Insurance Agency LLC now owns 29,050 shares of the company’s stock valued at $1,634,000 after purchasing an additional 15,375 shares during the period. Finally, Northwestern Mutual Wealth Management Co. purchased a new stake in shares of Invesco International BuyBack Achievers ETF in the 4th quarter worth $1,366,000.
Invesco International BuyBack Achievers ETF Trading Down 0.3%
Shares of IPKW traded down $0.17 during trading hours on Tuesday, reaching $61.09. 24,752 shares of the company traded hands, compared to its average volume of 58,494. The firm has a market cap of $555.92 million, a price-to-earnings ratio of 10.59 and a beta of 0.63. Invesco International BuyBack Achievers ETF has a 12-month low of $50.96 and a 12-month high of $61.96. The stock’s fifty day moving average price is $59.12 and its 200 day moving average price is $58.32.
Invesco International BuyBack Achievers ETF Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Monday, June 22nd were issued a dividend of $0.4504 per share. The ex-dividend date was Monday, June 22nd. This represents a $1.80 dividend on an annualized basis and a yield of 2.9%.
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.