Short Interest in Invesco KBW High Dividend Yield Financial ETF (NASDAQ:KBWD) Expands By 28.1%

Invesco KBW High Dividend Yield Financial ETF (NASDAQ:KBWD) saw a significant growth in short interest in the month of December. As of December 31st, there was short interest totaling 173,088 shares, a growth of 28.1% from the December 15th total of 135,079 shares. Currently, 0.6% of the shares of the company are short sold. Based on an average daily trading volume, of 254,208 shares, the days-to-cover ratio is presently 0.7 days. Based on an average daily trading volume, of 254,208 shares, the days-to-cover ratio is presently 0.7 days. Currently, 0.6% of the shares of the company are short sold.

Institutional Trading of Invesco KBW High Dividend Yield Financial ETF

Several hedge funds have recently bought and sold shares of KBWD. Jones Financial Companies Lllp boosted its holdings in Invesco KBW High Dividend Yield Financial ETF by 5,978.0% in the 1st quarter. Jones Financial Companies Lllp now owns 12,156 shares of the company’s stock worth $176,000 after buying an additional 11,956 shares during the period. Oliver Lagore Vanvalin Investment Group purchased a new position in shares of Invesco KBW High Dividend Yield Financial ETF in the second quarter valued at about $35,000. Farther Finance Advisors LLC boosted its stake in shares of Invesco KBW High Dividend Yield Financial ETF by 7.6% in the second quarter. Farther Finance Advisors LLC now owns 10,181 shares of the company’s stock worth $141,000 after acquiring an additional 718 shares during the period. Ameritas Advisory Services LLC purchased a new stake in shares of Invesco KBW High Dividend Yield Financial ETF during the second quarter worth about $50,000. Finally, Kingswood Wealth Advisors LLC grew its position in shares of Invesco KBW High Dividend Yield Financial ETF by 47.6% during the second quarter. Kingswood Wealth Advisors LLC now owns 42,441 shares of the company’s stock worth $589,000 after purchasing an additional 13,695 shares in the last quarter.

Invesco KBW High Dividend Yield Financial ETF Stock Up 0.7%

KBWD traded up $0.10 during trading on Friday, hitting $14.71. The company’s stock had a trading volume of 350,670 shares, compared to its average volume of 386,052. The business’s 50 day simple moving average is $13.80 and its 200-day simple moving average is $13.84. The firm has a market cap of $456.60 million, a PE ratio of 10.83 and a beta of 1.15. Invesco KBW High Dividend Yield Financial ETF has a one year low of $11.96 and a one year high of $15.80.

Invesco KBW High Dividend Yield Financial ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Friday, December 26th. Investors of record on Monday, December 22nd were issued a $0.1478 dividend. The ex-dividend date of this dividend was Monday, December 22nd. This represents a c) dividend on an annualized basis and a yield of 12.1%. This is an increase from Invesco KBW High Dividend Yield Financial ETF’s previous monthly dividend of $0.15.

Invesco KBW High Dividend Yield Financial ETF Company Profile

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.