Invesco KBW Bank ETF (NASDAQ:KBWB) Short Interest Update

Invesco KBW Bank ETF (NASDAQ:KBWB) was the target of a large increase in short interest during the month of November. As of November 15th, there was short interest totalling 1,610,000 shares, an increase of 15.0% from the October 31st total of 1,400,000 shares. Based on an average trading volume of 1,018,200 shares, the days-to-cover ratio is presently 1.6 days.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Fifth Third Securities Inc. lifted its stake in shares of Invesco KBW Bank ETF by 4.7% in the 2nd quarter. Fifth Third Securities Inc. now owns 4,214 shares of the company’s stock valued at $225,000 after purchasing an additional 191 shares during the period. Private Trust Co. NA lifted its stake in shares of Invesco KBW Bank ETF by 88.7% in the 3rd quarter. Private Trust Co. NA now owns 566 shares of the company’s stock valued at $33,000 after purchasing an additional 266 shares during the period. Capital Performance Advisors LLP purchased a new position in shares of Invesco KBW Bank ETF in the 3rd quarter valued at approximately $29,000. FMR LLC lifted its stake in shares of Invesco KBW Bank ETF by 32.3% in the 3rd quarter. FMR LLC now owns 2,108 shares of the company’s stock valued at $124,000 after purchasing an additional 515 shares during the period. Finally, International Assets Investment Management LLC purchased a new position in shares of Invesco KBW Bank ETF in the 2nd quarter valued at approximately $43,000.

Invesco KBW Bank ETF Trading Down 1.1 %

Shares of KBWB stock traded down $0.75 during trading hours on Monday, reaching $70.28. The company’s stock had a trading volume of 484,171 shares, compared to its average volume of 857,616. The stock has a market capitalization of $2.15 billion, a P/E ratio of 10.69 and a beta of 1.19. Invesco KBW Bank ETF has a one year low of $44.42 and a one year high of $71.78. The firm’s fifty day simple moving average is $63.81 and its 200 day simple moving average is $58.43.

Invesco KBW Bank ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Monday, September 23rd were paid a $0.424 dividend. This represents a $1.70 dividend on an annualized basis and a dividend yield of 2.41%. The ex-dividend date of this dividend was Monday, September 23rd. This is a boost from Invesco KBW Bank ETF’s previous quarterly dividend of $0.40.

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.