Invesco KBW Bank ETF (NASDAQ:KBWB) Sees Large Growth in Short Interest

Invesco KBW Bank ETF (NASDAQ:KBWB) was the target of a large growth in short interest in March. As of March 13th, there was short interest totaling 3,984,098 shares, a growth of 18.6% from the February 26th total of 3,358,573 shares. Based on an average trading volume of 2,680,807 shares, the short-interest ratio is currently 1.5 days. Approximately 5.6% of the company’s stock are short sold.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. UMB Bank n.a. acquired a new stake in Invesco KBW Bank ETF during the 3rd quarter worth $31,000. IFP Advisors Inc purchased a new stake in Invesco KBW Bank ETF in the fourth quarter valued at $35,000. Allworth Financial LP boosted its stake in Invesco KBW Bank ETF by 31.5% in the fourth quarter. Allworth Financial LP now owns 522 shares of the company’s stock valued at $44,000 after acquiring an additional 125 shares in the last quarter. Smartleaf Asset Management LLC boosted its stake in Invesco KBW Bank ETF by 970.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 535 shares of the company’s stock valued at $45,000 after acquiring an additional 485 shares in the last quarter. Finally, Bayban purchased a new position in shares of Invesco KBW Bank ETF during the fourth quarter worth about $55,000.

Invesco KBW Bank ETF Trading Up 1.3%

KBWB stock traded up $1.02 during trading on Wednesday, hitting $80.14. 2,153,924 shares of the company’s stock were exchanged, compared to its average volume of 2,650,957. The business has a 50-day moving average price of $82.89 and a two-hundred day moving average price of $81.17. The stock has a market capitalization of $5.67 billion, a price-to-earnings ratio of 13.35 and a beta of 1.11. Invesco KBW Bank ETF has a 52-week low of $51.13 and a 52-week high of $91.43.

Invesco KBW Bank ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Monday, March 23rd were issued a dividend of $0.4898 per share. The ex-dividend date of this dividend was Monday, March 23rd. This is an increase from Invesco KBW Bank ETF’s previous quarterly dividend of $0.44. This represents a $1.96 dividend on an annualized basis and a yield of 2.4%.

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.