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

Invesco KBW Bank ETF (NASDAQ:KBWB) was the target of a significant 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 daily volume of 1,018,200 shares, the short-interest ratio is presently 1.6 days.

Institutional Trading of Invesco KBW Bank ETF

Several large investors have recently added to or reduced their stakes in the business. Sanctuary Advisors LLC acquired a new position in Invesco KBW Bank ETF during the 2nd quarter worth $547,000. Principal Financial Group Inc. acquired a new position in shares of Invesco KBW Bank ETF during the 2nd quarter worth about $1,306,000. PVG Asset Management Corp bought a new stake in shares of Invesco KBW Bank ETF in the second quarter valued at approximately $417,000. Delos Wealth Advisors LLC grew its position in Invesco KBW Bank ETF by 17.5% in the 2nd quarter. Delos Wealth Advisors LLC now owns 27,654 shares of the company’s stock worth $1,479,000 after purchasing an additional 4,123 shares during the last quarter. Finally, Cetera Investment Advisers increased its stake in Invesco KBW Bank ETF by 1,752.4% during the first quarter. Cetera Investment Advisers now owns 96,919 shares of the company’s stock valued at $5,201,000 after acquiring an additional 91,687 shares during the period.

Invesco KBW Bank ETF Stock Performance

Shares of KBWB stock traded down $0.82 on Monday, reaching $70.21. 1,371,928 shares of the company’s stock traded hands, compared to its average volume of 861,621. The business’s 50 day moving average price is $63.81 and its two-hundred day moving average price is $58.43. The company 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 12-month low of $44.42 and a 12-month high of $71.78.

Invesco KBW Bank ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Monday, September 23rd were issued a $0.424 dividend. 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 2.42%. This is an increase 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.