Invesco International BuyBack Achievers ETF (NASDAQ:IPKW) Shares Shorted: Short Interest Up 5,392.4% in October

Invesco International BuyBack Achievers ETF (NASDAQ:IPKW) was the target of a significant growth in short interest in the month of October. As of October 30th, there was short interest totaling 319,382 shares, a growth of 5,392.4% from the October 15th total of 5,815 shares. Currently, 3.5% of the company’s stock are sold short. Based on an average daily trading volume, of 58,191 shares, the days-to-cover ratio is currently 5.5 days.

Invesco International BuyBack Achievers ETF Trading Down 0.1%

Shares of IPKW stock opened at $60.20 on Thursday. The company’s fifty day moving average price is $60.07 and its 200-day moving average price is $58.84. The stock has a market cap of $556.85 million, a PE ratio of 12.84 and a beta of 0.66. Invesco International BuyBack Achievers ETF has a 12 month low of $51.35 and a 12 month high of $62.17.

Invesco International BuyBack Achievers ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 25th. Investors of record on Monday, September 21st were given a dividend of $0.2494 per share. This is a decrease from Invesco International BuyBack Achievers ETF’s previous quarterly dividend of $0.4503. The ex-dividend date of this dividend was Monday, September 21st. This represents a $1.00 dividend on an annualized basis and a yield of 1.7%.

Institutional Investors Weigh In On Invesco International BuyBack Achievers ETF

Several hedge funds have recently bought and sold shares of IPKW. Insight Wealth Strategies LLC increased its stake in shares of Invesco International BuyBack Achievers ETF by 3.4% during the second quarter. Insight Wealth Strategies LLC now owns 6,452 shares of the company’s stock valued at $364,000 after purchasing an additional 215 shares in the last quarter. Fifth Third Bancorp purchased a new position in shares of Invesco International BuyBack Achievers ETF during the first quarter valued at approximately $35,000. Daner Wealth Management LLC boosted its position in shares of Invesco International BuyBack Achievers ETF by 8.5% in the 1st quarter. Daner Wealth Management LLC now owns 12,787 shares of the company’s stock worth $749,000 after purchasing an additional 1,005 shares in the last quarter. Envestnet Asset Management Inc. boosted its position in shares of Invesco International BuyBack Achievers ETF by 5.8% in the 2nd quarter. Envestnet Asset Management Inc. now owns 26,965 shares of the company’s stock worth $1,519,000 after purchasing an additional 1,476 shares in the last quarter. Finally, Kestra Advisory Services LLC grew its stake in shares of Invesco International BuyBack Achievers ETF by 20.1% in the 3rd quarter. Kestra Advisory Services LLC now owns 12,700 shares of the company’s stock worth $753,000 after buying an additional 2,122 shares during the last quarter.

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.