Short Interest in Invesco KBW Bank ETF (NASDAQ:KBWB) Decreases By 24.2%

Invesco KBW Bank ETF (NASDAQ:KBWB) was the recipient of a significant drop in short interest in September. As of September 30th, there was short interest totalling 1,350,000 shares, a drop of 24.2% from the September 15th total of 1,780,000 shares. Based on an average trading volume of 819,500 shares, the days-to-cover ratio is presently 1.6 days.

Invesco KBW Bank ETF Price Performance

Shares of Invesco KBW Bank ETF stock traded up $0.19 during trading on Tuesday, hitting $61.88. 1,302,482 shares of the stock were exchanged, compared to its average volume of 818,320. The stock has a market cap of $1.84 billion, a price-to-earnings ratio of 10.69 and a beta of 1.19. The firm’s 50-day moving average price is $57.59 and its 200 day moving average price is $55.15. Invesco KBW Bank ETF has a 12-month low of $36.51 and a 12-month high of $62.88.

Invesco KBW Bank ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Monday, September 23rd were given a dividend of $0.424 per share. This is a boost from Invesco KBW Bank ETF’s previous quarterly dividend of $0.40. This represents a $1.70 annualized dividend and a dividend yield of 2.74%. The ex-dividend date of this dividend was Monday, September 23rd.

Institutional Investors Weigh In On Invesco KBW Bank ETF

Hedge funds and other institutional investors have recently made changes to their positions in the business. Fisher Asset Management LLC boosted its holdings in Invesco KBW Bank ETF by 32.7% in the fourth quarter. Fisher Asset Management LLC now owns 1,593,175 shares of the company’s stock valued at $78,368,000 after purchasing an additional 392,919 shares in the last quarter. GLOBALT Investments LLC GA purchased a new position in shares of Invesco KBW Bank ETF in the 4th quarter valued at $643,000. Principal Financial Group Inc. purchased a new position in shares of Invesco KBW Bank ETF in the 2nd quarter valued at $1,306,000. Trust Co. of Vermont raised its stake in 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 acquiring an additional 316 shares in the last quarter. Finally, PVG Asset Management Corp purchased a new stake in Invesco KBW Bank ETF in the second quarter valued at $417,000.

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.