Invesco KBW Bank ETF (NASDAQ:KBWB) Sees Large Growth in Short Interest

Invesco KBW Bank ETF (NASDAQ:KBWB) saw a large increase in short interest during the month of June. As of June 15th, there was short interest totalling 3,980,000 shares, an increase of 10.9% from the May 31st total of 3,590,000 shares. Based on an average daily volume of 599,600 shares, the days-to-cover ratio is currently 6.6 days.

Invesco KBW Bank ETF Stock Up 1.1 %

Shares of KBWB traded up $0.60 during mid-day trading on Tuesday, hitting $54.45. 843,922 shares of the company’s stock were exchanged, compared to its average volume of 783,961. The firm has a fifty day moving average of $53.25 and a two-hundred day moving average of $51.11. Invesco KBW Bank ETF has a twelve month low of $36.51 and a twelve month high of $55.44. The stock has a market cap of $1.61 billion, a price-to-earnings ratio of 10.69 and a beta of 1.19.

Invesco KBW Bank ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Monday, June 24th were issued a dividend of $0.3984 per share. This represents a $1.59 annualized dividend and a dividend yield of 2.93%. The ex-dividend date was Monday, June 24th.

Institutional Trading of Invesco KBW Bank ETF

Large investors have recently modified their holdings of the company. Trust Co. of Vermont boosted 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 worth $30,000 after buying an additional 316 shares during the period. PNC Financial Services Group Inc. bought a new stake in shares of Invesco KBW Bank ETF during the 4th quarter worth $37,000. Capital Analysts LLC boosted its holdings in shares of Invesco KBW Bank ETF by 6,779.5% during the 4th quarter. Capital Analysts LLC now owns 2,683 shares of the company’s stock worth $132,000 after buying an additional 2,644 shares during the period. Satovsky Asset Management LLC bought a new stake in shares of Invesco KBW Bank ETF during the 1st quarter worth $203,000. Finally, Caprock Group LLC bought a new stake in Invesco KBW Bank ETF in the 1st quarter valued at $208,000.

Invesco KBW Bank ETF Company Profile

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.