Invesco KBW High Dividend Yield Financial ETF (NASDAQ:KBWD) Short Interest Down 24.6% in December

Invesco KBW High Dividend Yield Financial ETF (NASDAQ:KBWD) was the target of a significant decrease in short interest in December. As of December 15th, there was short interest totaling 135,079 shares, a decrease of 24.6% from the November 30th total of 179,237 shares. Approximately 0.4% of the shares of the company are sold short. Based on an average daily trading volume, of 267,119 shares, the days-to-cover ratio is currently 0.5 days. Based on an average daily trading volume, of 267,119 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.4% of the shares of the company are sold short.

Hedge Funds Weigh In On Invesco KBW High Dividend Yield Financial ETF

Several institutional investors have recently bought and sold shares of the stock. Good Life Advisors LLC lifted its holdings in shares of Invesco KBW High Dividend Yield Financial ETF by 57.6% in the 2nd quarter. Good Life Advisors LLC now owns 29,442 shares of the company’s stock valued at $408,000 after buying an additional 10,765 shares during the period. IFP Advisors Inc grew its position in Invesco KBW High Dividend Yield Financial ETF by 9.1% during the second quarter. IFP Advisors Inc now owns 19,628 shares of the company’s stock valued at $272,000 after buying an additional 1,633 shares during the period. Kingswood Wealth Advisors LLC increased its holdings in Invesco KBW High Dividend Yield Financial ETF by 47.6% in the second quarter. Kingswood Wealth Advisors LLC now owns 42,441 shares of the company’s stock valued at $589,000 after buying an additional 13,695 shares in the last quarter. Oliver Lagore Vanvalin Investment Group acquired a new position in Invesco KBW High Dividend Yield Financial ETF in the 2nd quarter worth about $35,000. Finally, Gradient Investments LLC raised its stake in shares of Invesco KBW High Dividend Yield Financial ETF by 8.3% during the 2nd quarter. Gradient Investments LLC now owns 523,842 shares of the company’s stock worth $7,266,000 after buying an additional 40,206 shares during the period.

Invesco KBW High Dividend Yield Financial ETF Trading Down 0.1%

Shares of KBWD traded down $0.01 during trading hours on Tuesday, reaching $13.65. 183,884 shares of the stock traded hands, compared to its average volume of 240,351. The company’s 50-day moving average price is $13.65 and its two-hundred day moving average price is $13.81. The company has a market cap of $420.97 million, a P/E ratio of 10.83 and a beta of 1.15. Invesco KBW High Dividend Yield Financial ETF has a 52-week low of $11.96 and a 52-week high of $15.80.

Invesco KBW High Dividend Yield Financial ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, December 26th. Shareholders of record on Monday, December 22nd were paid a $0.1478 dividend. This represents a c) annualized dividend and a yield of 13.0%. The ex-dividend date was Monday, December 22nd. This is a positive change from Invesco KBW High Dividend Yield Financial ETF’s previous monthly dividend of $0.15.

About Invesco KBW High Dividend Yield Financial ETF

The Invesco KBW High Dividend Yield Financial ETF (KBWD) is an exchange-traded fund that mostly invests in financials equity. The fund tracks a dividend-yield-weighted index of US financial firms. KBWD was launched on Dec 2, 2010 and is managed by Invesco.