Invesco KBW High Dividend Yield Financial ETF (NASDAQ:KBWD) Short Interest Up 40.8% in October

Invesco KBW High Dividend Yield Financial ETF (NASDAQ:KBWD) saw a significant growth in short interest in the month of October. As of October 15th, there was short interest totalling 548,900 shares, a growth of 40.8% from the September 30th total of 389,800 shares. Based on an average daily trading volume, of 149,200 shares, the short-interest ratio is presently 3.7 days.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the business. Gradient Investments LLC lifted its position in Invesco KBW High Dividend Yield Financial ETF by 18.4% during the 2nd quarter. Gradient Investments LLC now owns 394,431 shares of the company’s stock worth $5,932,000 after buying an additional 61,271 shares in the last quarter. Commonwealth Equity Services LLC raised its holdings in Invesco KBW High Dividend Yield Financial ETF by 11.6% during the second quarter. Commonwealth Equity Services LLC now owns 61,361 shares of the company’s stock worth $923,000 after acquiring an additional 6,378 shares in the last quarter. Endowment Wealth Management Inc. raised its holdings in Invesco KBW High Dividend Yield Financial ETF by 10.2% during the second quarter. Endowment Wealth Management Inc. now owns 35,742 shares of the company’s stock worth $538,000 after acquiring an additional 3,321 shares in the last quarter. CWM LLC boosted its position in Invesco KBW High Dividend Yield Financial ETF by 5.3% during the third quarter. CWM LLC now owns 29,781 shares of the company’s stock valued at $455,000 after purchasing an additional 1,507 shares during the last quarter. Finally, CreativeOne Wealth LLC bought a new position in Invesco KBW High Dividend Yield Financial ETF in the first quarter valued at approximately $288,000.

Invesco KBW High Dividend Yield Financial ETF Stock Performance

Invesco KBW High Dividend Yield Financial ETF stock traded down $0.16 during midday trading on Tuesday, reaching $14.81. The stock had a trading volume of 235,957 shares, compared to its average volume of 132,823. The stock has a market capitalization of $382.69 million, a P/E ratio of 8.21 and a beta of 1.40. The firm’s fifty day simple moving average is $15.17 and its 200-day simple moving average is $15.26. Invesco KBW High Dividend Yield Financial ETF has a 1-year low of $13.12 and a 1-year high of $16.38.

Invesco KBW High Dividend Yield Financial ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, October 25th. Stockholders of record on Monday, October 21st were given a $0.147 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 11.91%. The ex-dividend date was Monday, October 21st.

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.