Invesco KBW Property & Casualty Insurance ETF (NASDAQ:KBWP) Sees Significant Increase in Short Interest

Invesco KBW Property & Casualty Insurance ETF (NASDAQ:KBWP) was the target of a significant growth in short interest in November. As of November 15th, there was short interest totalling 35,700 shares, a growth of 32.7% from the October 31st total of 26,900 shares. Based on an average daily trading volume, of 63,800 shares, the days-to-cover ratio is presently 0.6 days.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in KBWP. HighTower Advisors LLC purchased a new stake in Invesco KBW Property & Casualty Insurance ETF in the 3rd quarter valued at about $22,390,000. First National Corp MA ADV purchased a new stake in shares of Invesco KBW Property & Casualty Insurance ETF during the third quarter valued at approximately $11,330,000. Kingsview Wealth Management LLC lifted its holdings in Invesco KBW Property & Casualty Insurance ETF by 1.2% during the third quarter. Kingsview Wealth Management LLC now owns 58,537 shares of the company’s stock worth $6,764,000 after acquiring an additional 709 shares during the period. Raymond James & Associates purchased a new position in Invesco KBW Property & Casualty Insurance ETF in the third quarter worth $3,071,000. Finally, Freedom Investment Management Inc. bought a new position in Invesco KBW Property & Casualty Insurance ETF in the 3rd quarter valued at $2,735,000.

Invesco KBW Property & Casualty Insurance ETF Trading Down 0.0 %

NASDAQ KBWP opened at $126.38 on Monday. The business has a fifty day simple moving average of $118.31 and a 200 day simple moving average of $111.23. Invesco KBW Property & Casualty Insurance ETF has a 12 month low of $88.03 and a 12 month high of $127.17. The firm has a market capitalization of $473.93 million, a P/E ratio of 19.40 and a beta of 0.66.

Invesco KBW Property & Casualty Insurance 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 issued a $0.342 dividend. The ex-dividend date of this dividend was Monday, September 23rd. This represents a $1.37 annualized dividend and a dividend yield of 1.08%. This is an increase from Invesco KBW Property & Casualty Insurance ETF’s previous quarterly dividend of $0.31.

Invesco KBW Property & Casualty Insurance ETF Company Profile

The Invesco KBW Property & Casualty Insurance ETF (KBWP) is an exchange-traded fund that mostly invests in financials equity. The fund tracks a modified market-cap-weighted index focused exclusively on property & casualty insurance companies in the US. KBWP was launched on Dec 2, 2010 and is managed by Invesco.