Short Interest in Invesco KBW Bank ETF (NASDAQ:KBWB) Expands By 5.1%

Invesco KBW Bank ETF (NASDAQ:KBWB) was the recipient of a large increase in short interest in the month of March. As of March 31st, there was short interest totalling 3,070,000 shares, an increase of 5.1% from the March 15th total of 2,920,000 shares. Based on an average daily trading volume, of 898,100 shares, the days-to-cover ratio is presently 3.4 days.

Institutional Investors Weigh In On Invesco KBW Bank ETF

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Comerica Bank bought a new stake in shares of Invesco KBW Bank ETF during the 3rd quarter valued at approximately $25,000. PNC Financial Services Group Inc. bought a new stake in shares of Invesco KBW Bank ETF during the 1st quarter valued at approximately $29,000. Trust Co. of Vermont grew its holdings in shares of Invesco KBW Bank ETF by 105.3% during the 4th quarter. Trust Co. of Vermont now owns 616 shares of the company’s stock valued at $30,000 after purchasing an additional 316 shares during the last quarter. Farther Finance Advisors LLC bought a new stake in shares of Invesco KBW Bank ETF during the 2nd quarter valued at approximately $41,000. Finally, Concourse Financial Group Securities Inc. grew its holdings in shares of Invesco KBW Bank ETF by 1,000.0% during the 3rd quarter. Concourse Financial Group Securities Inc. now owns 1,210 shares of the company’s stock valued at $48,000 after purchasing an additional 1,100 shares during the last quarter.

Invesco KBW Bank ETF Stock Down 1.6 %

KBWB stock opened at $49.58 on Wednesday. Invesco KBW Bank ETF has a 12 month low of $36.19 and a 12 month high of $53.79. The firm has a market cap of $1.40 billion, a P/E ratio of 10.44 and a beta of 1.19. The company’s 50-day moving average price is $50.64 and its two-hundred day moving average price is $46.52.

Invesco KBW Bank ETF Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Tuesday, March 19th were issued a dividend of $0.4265 per share. This represents a $1.71 annualized dividend and a dividend yield of 3.44%. The ex-dividend date was Monday, March 18th.

About Invesco KBW Bank ETF

The Invesco KBW Bank ETF (KBWB) is an exchange-traded fund that is based on the KBW Nasdaq Bank index, a modified market-cap-weighted index of US banking firms. KBWB was launched on Nov 1, 2011 and is managed by Invesco.