Short Interest in Invesco KBW High Dividend Yield Financial ETF (NASDAQ:KBWD) Declines By 17.9%

Invesco KBW High Dividend Yield Financial ETF (NASDAQ:KBWD) saw a large decline in short interest in the month of November. As of November 30th, there was short interest totalling 497,200 shares, a decline of 17.9% from the November 15th total of 605,500 shares. Based on an average daily volume of 177,600 shares, the short-interest ratio is presently 2.8 days.

Institutional Investors Weigh In On Invesco KBW High Dividend Yield Financial ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in KBWD. ORG Partners LLC bought a new stake in Invesco KBW High Dividend Yield Financial ETF in the 2nd quarter valued at about $66,000. Gradient Investments LLC raised its stake in Invesco KBW High Dividend Yield Financial ETF by 18.4% in the 2nd quarter. Gradient Investments LLC now owns 394,431 shares of the company’s stock valued at $5,932,000 after acquiring an additional 61,271 shares during the period. Commonwealth Equity Services LLC raised its stake in Invesco KBW High Dividend Yield Financial ETF by 11.6% in the 2nd quarter. Commonwealth Equity Services LLC now owns 61,361 shares of the company’s stock valued at $923,000 after acquiring an additional 6,378 shares during the period. Endowment Wealth Management Inc. raised its stake in Invesco KBW High Dividend Yield Financial ETF by 10.2% in the 2nd quarter. Endowment Wealth Management Inc. now owns 35,742 shares of the company’s stock valued at $538,000 after acquiring an additional 3,321 shares during the period. Finally, Mattson Financial Services LLC bought a new stake in Invesco KBW High Dividend Yield Financial ETF in the 2nd quarter valued at about $45,000.

Invesco KBW High Dividend Yield Financial ETF Price Performance

Shares of NASDAQ KBWD remained flat at $15.34 during mid-day trading on Friday. The stock had a trading volume of 305,964 shares, compared to its average volume of 142,087. The firm has a market cap of $399.91 million, a price-to-earnings ratio of 8.21 and a beta of 1.40. Invesco KBW High Dividend Yield Financial ETF has a 12 month low of $14.34 and a 12 month high of $16.38. The stock has a 50 day moving average price of $15.16 and a 200-day moving average price of $15.24.

Invesco KBW High Dividend Yield Financial ETF Announces Dividend

The company also recently disclosed a dividend, which was paid on Friday, November 22nd. Investors of record on Monday, November 18th were paid a $0.147 dividend. The ex-dividend date of this dividend was Monday, November 18th.

Invesco KBW High Dividend Yield Financial ETF Company Profile

The Invesco KBW High Dividend Yield Financial ETF (KBWD) is an exchange-traded fund that mostly invests in financials equity. The fund tracks a dividend-yield-weighted index of US financial firms. KBWD was launched on Dec 2, 2010 and is managed by Invesco.