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

Invesco KBW Bank ETF (NASDAQ:KBWB) was the recipient of a significant growth in short interest during the month of October. As of October 15th, there was short interest totalling 1,530,000 shares, a growth of 13.3% from the September 30th total of 1,350,000 shares. Based on an average daily trading volume, of 809,400 shares, the days-to-cover ratio is presently 1.9 days.

Invesco KBW Bank ETF Trading Down 1.1 %

Shares of NASDAQ:KBWB traded down $0.68 on Thursday, reaching $62.53. 1,333,737 shares of the company traded hands, compared to its average volume of 806,408. The business’s 50-day simple moving average is $59.30 and its 200 day simple moving average is $56.00. Invesco KBW Bank ETF has a 52 week low of $37.35 and a 52 week high of $63.91. The stock has a market capitalization of $1.91 billion, a P/E ratio of 10.69 and a beta of 1.19.

Invesco KBW Bank ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Monday, September 23rd were paid a dividend of $0.424 per share. This is a boost from Invesco KBW Bank ETF’s previous quarterly dividend of $0.40. This represents a $1.70 dividend on an annualized basis and a dividend yield of 2.71%. The ex-dividend date of this dividend was Monday, September 23rd.

Institutional Trading of Invesco KBW Bank ETF

A number of institutional investors have recently modified their holdings of KBWB. BNP Paribas Financial Markets boosted its holdings in shares of Invesco KBW Bank ETF by 153.2% during the first quarter. BNP Paribas Financial Markets now owns 1,461,106 shares of the company’s stock worth $78,403,000 after purchasing an additional 883,970 shares during the period. Good Life Advisors LLC purchased a new stake in shares of Invesco KBW Bank ETF during the third quarter worth about $7,819,000. Valley Wealth Managers Inc. purchased a new stake in shares of Invesco KBW Bank ETF during the second quarter worth about $6,971,000. Envestnet Asset Management Inc. boosted its holdings in shares of Invesco KBW Bank ETF by 908.4% during the second quarter. Envestnet Asset Management Inc. now owns 138,908 shares of the company’s stock worth $7,432,000 after purchasing an additional 125,133 shares during the period. Finally, Magnolia Capital Advisors LLC purchased a new stake in shares of Invesco KBW Bank ETF during the second quarter worth about $5,434,000.

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.