Invesco KBW Bank ETF (NASDAQ:KBWB) Short Interest Down 14.8% in February

Invesco KBW Bank ETF (NASDAQ:KBWB) saw a large decrease in short interest in the month of February. As of February 27th, there was short interest totaling 3,358,573 shares, a decrease of 14.8% from the February 12th total of 3,940,134 shares. Based on an average daily volume of 2,195,191 shares, the short-interest ratio is presently 1.5 days. Currently, 4.7% of the shares of the stock are sold short. Currently, 4.7% of the shares of the stock are sold short. Based on an average daily volume of 2,195,191 shares, the short-interest ratio is presently 1.5 days.

Invesco KBW Bank ETF Trading Up 0.0%

Shares of KBWB stock traded up $0.03 on Wednesday, reaching $77.06. The company had a trading volume of 1,767,989 shares, compared to its average volume of 2,639,960. The company has a 50-day moving average of $84.66 and a 200-day moving average of $81.15. Invesco KBW Bank ETF has a 12 month low of $51.13 and a 12 month high of $91.43. The stock has a market cap of $5.46 billion, a PE ratio of 13.35 and a beta of 1.11.

Invesco KBW Bank ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 26th. Investors of record on Monday, December 22nd were paid a $0.4442 dividend. The ex-dividend date was Monday, December 22nd. This represents a $1.78 annualized dividend and a dividend yield of 2.3%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of KBWB. Comerica Bank lifted its stake in Invesco KBW Bank ETF by 58.3% in the first quarter. Comerica Bank now owns 1,189 shares of the company’s stock worth $75,000 after acquiring an additional 438 shares during the period. Jones Financial Companies Lllp increased its stake in Invesco KBW Bank ETF by 130.5% in the 1st quarter. Jones Financial Companies Lllp now owns 6,630 shares of the company’s stock worth $416,000 after acquiring an additional 3,754 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Invesco KBW Bank ETF by 21.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 110,795 shares of the company’s stock worth $7,935,000 after acquiring an additional 19,536 shares in the last quarter. AE Wealth Management LLC grew its holdings in shares of Invesco KBW Bank ETF by 214.4% in the second quarter. AE Wealth Management LLC now owns 459 shares of the company’s stock valued at $33,000 after purchasing an additional 313 shares in the last quarter. Finally, Allworth Financial LP increased its position in Invesco KBW Bank ETF by 59.4% in the second quarter. Allworth Financial LP now owns 400 shares of the company’s stock worth $29,000 after purchasing an additional 149 shares during the last quarter.

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.