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

Invesco KBW Bank ETF (NASDAQ:KBWB) was the recipient of a large growth in short interest in February. As of February 15th, there was short interest totalling 4,550,000 shares, a growth of 50.2% from the January 31st total of 3,030,000 shares. Based on an average daily volume of 1,660,600 shares, the days-to-cover ratio is currently 2.7 days.

Invesco KBW Bank ETF Stock Performance

KBWB stock traded down $3.11 on Tuesday, hitting $65.24. 4,320,221 shares of the company’s stock were exchanged, compared to its average volume of 1,892,766. The firm has a 50 day moving average price of $68.88 and a two-hundred day moving average price of $64.95. Invesco KBW Bank ETF has a 12-month low of $49.32 and a 12-month high of $72.39. The stock has a market cap of $3.15 billion, a P/E ratio of 14.51 and a beta of 1.19.

Invesco KBW Bank ETF Dividend Announcement

The business also recently disclosed a dividend, which was paid on Friday, December 27th. Stockholders of record on Monday, December 23rd were issued a dividend of $0.3601 per share. The ex-dividend date was Monday, December 23rd.

Hedge Funds Weigh In On Invesco KBW Bank ETF

Several hedge funds and other institutional investors have recently modified their holdings of KBWB. Clal Insurance Enterprises Holdings Ltd increased its stake in Invesco KBW Bank ETF by 961.2% during the 4th quarter. Clal Insurance Enterprises Holdings Ltd now owns 2,950,000 shares of the company’s stock valued at $192,782,000 after purchasing an additional 2,672,000 shares in the last quarter. Fisher Asset Management LLC increased its position in shares of Invesco KBW Bank ETF by 10.4% in the 4th quarter. Fisher Asset Management LLC now owns 2,792,499 shares of the company’s stock valued at $182,490,000 after acquiring an additional 262,848 shares during the period. Migdal Insurance & Financial Holdings Ltd. raised its stake in Invesco KBW Bank ETF by 1,780,000.0% in the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 2,670,150 shares of the company’s stock worth $174,494,000 after acquiring an additional 2,670,000 shares during the last quarter. Wharton Business Group LLC raised its stake in Invesco KBW Bank ETF by 27.4% in the 3rd quarter. Wharton Business Group LLC now owns 1,987,535 shares of the company’s stock worth $116,489,000 after acquiring an additional 427,872 shares during the last quarter. Finally, Fiduciary Trust Co lifted its position in Invesco KBW Bank ETF by 61.1% during the 4th quarter. Fiduciary Trust Co now owns 745,392 shares of the company’s stock worth $48,711,000 after acquiring an additional 282,788 shares during the period.

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.