Short Interest in Invesco KBW Bank ETF (NASDAQ:KBWB) Drops By 8.5%

Invesco KBW Bank ETF (NASDAQ:KBWB) was the target of a significant decline in short interest in the month of October. As of October 31st, there was short interest totalling 1,400,000 shares, a decline of 8.5% from the October 15th total of 1,530,000 shares. Based on an average daily trading volume, of 916,700 shares, the short-interest ratio is presently 1.5 days.

Institutional Trading of Invesco KBW Bank ETF

Several institutional investors and hedge funds have recently made changes to their positions in the business. Nomura Asset Management Co. Ltd. purchased a new position in Invesco KBW Bank ETF in the 3rd quarter worth about $2,901,000. Y Intercept Hong Kong Ltd bought a new stake in Invesco KBW Bank ETF during the 3rd quarter valued at $272,000. Delos Wealth Advisors LLC lifted its holdings in shares of Invesco KBW Bank ETF by 9.8% in the 3rd quarter. Delos Wealth Advisors LLC now owns 30,367 shares of the company’s stock worth $1,780,000 after buying an additional 2,713 shares during the period. Quantinno Capital Management LP grew its position in shares of Invesco KBW Bank ETF by 6.6% during the 3rd quarter. Quantinno Capital Management LP now owns 26,158 shares of the company’s stock worth $1,533,000 after buying an additional 1,623 shares in the last quarter. Finally, Flow Traders U.S. LLC grew its position in shares of Invesco KBW Bank ETF by 44.6% during the 3rd quarter. Flow Traders U.S. LLC now owns 7,748 shares of the company’s stock worth $454,000 after buying an additional 2,391 shares in the last quarter.

Invesco KBW Bank ETF Price Performance

Shares of KBWB traded down $0.02 during mid-day trading on Monday, reaching $69.24. 570,264 shares of the company’s stock traded hands, compared to its average volume of 851,260. The stock’s 50-day moving average is $61.26 and its two-hundred day moving average is $57.29. Invesco KBW Bank ETF has a 12 month low of $41.98 and a 12 month high of $70.01. The stock has a market cap of $2.12 billion, a P/E ratio of 10.69 and a beta of 1.19.

Invesco KBW Bank ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Monday, September 23rd were paid a $0.424 dividend. This is a positive change from Invesco KBW Bank ETF’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Monday, September 23rd. This represents a $1.70 dividend on an annualized basis and a yield of 2.45%.

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.