Invesco KBW Bank ETF (NASDAQ:KBWB) Sees Significant Increase in Short Interest

Invesco KBW Bank ETF (NASDAQ:KBWB) was the target of a large increase in short interest in June. As of June 15th, there was short interest totalling 3,980,000 shares, an increase of 10.9% from the May 31st total of 3,590,000 shares. Based on an average daily volume of 599,600 shares, the short-interest ratio is currently 6.6 days.

Invesco KBW Bank ETF Price Performance

KBWB traded down $0.19 during trading hours on Wednesday, reaching $54.26. 861,842 shares of the stock traded hands, compared to its average volume of 784,574. Invesco KBW Bank ETF has a fifty-two week low of $36.51 and a fifty-two week high of $55.44. The company has a market cap of $1.60 billion, a price-to-earnings ratio of 10.69 and a beta of 1.19. The firm’s fifty day simple moving average is $53.25 and its two-hundred day simple moving average is $51.11.

Invesco KBW Bank ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Monday, June 24th were paid a dividend of $0.3984 per share. The ex-dividend date was Monday, June 24th. This represents a $1.59 dividend on an annualized basis and a yield of 2.94%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Koshinski Asset Management Inc. boosted its stake in Invesco KBW Bank ETF by 77.1% during the 4th quarter. Koshinski Asset Management Inc. now owns 17,872 shares of the company’s stock valued at $879,000 after acquiring an additional 7,783 shares during the last quarter. Fisher Asset Management LLC boosted its stake in Invesco KBW Bank ETF by 32.7% during the 4th quarter. Fisher Asset Management LLC now owns 1,593,175 shares of the company’s stock valued at $78,368,000 after acquiring an additional 392,919 shares during the last quarter. UBS Group AG boosted its stake in Invesco KBW Bank ETF by 7.8% during the 4th quarter. UBS Group AG now owns 197,604 shares of the company’s stock valued at $9,720,000 after acquiring an additional 14,235 shares during the last quarter. BNP Paribas Financial Markets boosted its stake in Invesco KBW Bank ETF by 302.2% during the 4th quarter. BNP Paribas Financial Markets now owns 577,136 shares of the company’s stock valued at $28,389,000 after acquiring an additional 433,633 shares during the last quarter. Finally, GLOBALT Investments LLC GA bought a new position in Invesco KBW Bank ETF during the 4th quarter valued at $643,000.

About Invesco KBW Bank ETF

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.