Invesco KBW Bank ETF (NASDAQ:KBWB) Short Interest Down 22.3% in December

Invesco KBW Bank ETF (NASDAQ:KBWB) was the target of a large drop in short interest in December. As of December 15th, there was short interest totalling 1,080,000 shares, a drop of 22.3% from the November 30th total of 1,390,000 shares. Based on an average daily volume of 1,210,400 shares, the short-interest ratio is presently 0.9 days.

Hedge Funds Weigh In On Invesco KBW Bank ETF

Several hedge funds and other institutional investors have recently bought and sold shares of KBWB. Wilmington Savings Fund Society FSB purchased a new stake in Invesco KBW Bank ETF during the 3rd quarter valued at $242,000. Nomura Asset Management Co. Ltd. purchased a new stake in Invesco KBW Bank ETF during the third quarter valued at $2,901,000. Y Intercept Hong Kong Ltd bought a new position in Invesco KBW Bank ETF in the third quarter valued at about $272,000. Delos Wealth Advisors LLC lifted its holdings in Invesco KBW Bank ETF by 9.8% in the third quarter. Delos Wealth Advisors LLC now owns 30,367 shares of the company’s stock valued at $1,780,000 after acquiring an additional 2,713 shares during the period. Finally, Quantinno Capital Management LP boosted its position in Invesco KBW Bank ETF by 6.6% in the third quarter. Quantinno Capital Management LP now owns 26,158 shares of the company’s stock worth $1,533,000 after purchasing an additional 1,623 shares during the last quarter.

Invesco KBW Bank ETF Stock Performance

Shares of KBWB stock traded down $0.45 during mid-day trading on Monday, hitting $65.34. The company’s stock had a trading volume of 721,443 shares, compared to its average volume of 917,370. The stock has a market cap of $2.00 billion, a price-to-earnings ratio of 10.69 and a beta of 1.19. Invesco KBW Bank ETF has a 52-week low of $46.53 and a 52-week high of $71.78. The business has a 50-day moving average price of $67.08 and a 200 day moving average price of $60.50.

Invesco KBW Bank ETF Dividend Announcement

The firm also recently announced a dividend, which was paid on Friday, December 27th. Shareholders of record on Monday, December 23rd were given a $0.3601 dividend. The ex-dividend date of this dividend was Monday, December 23rd.

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.