Invesco KBW High Dividend Yield Financial ETF (NASDAQ:KBWD) Sees Significant Increase in Short Interest

Invesco KBW High Dividend Yield Financial ETF (NASDAQ:KBWD) saw a significant increase in short interest in the month of February. As of February 15th, there was short interest totalling 708,900 shares, an increase of 26.0% from the January 31st total of 562,600 shares. Based on an average daily volume of 228,700 shares, the short-interest ratio is presently 3.1 days.

Institutional Trading of Invesco KBW High Dividend Yield Financial ETF

Hedge funds have recently made changes to their positions in the stock. Mpwm Advisory Solutions LLC bought a new stake in Invesco KBW High Dividend Yield Financial ETF during the fourth quarter worth about $82,000. Two Sigma Investments LP lifted its position in Invesco KBW High Dividend Yield Financial ETF by 54.2% in the 4th quarter. Two Sigma Investments LP now owns 181,500 shares of the company’s stock worth $2,663,000 after buying an additional 63,800 shares during the last quarter. Jane Street Group LLC purchased a new stake in Invesco KBW High Dividend Yield Financial ETF in the fourth quarter worth approximately $371,000. Triumph Capital Management purchased a new stake in Invesco KBW High Dividend Yield Financial ETF in the fourth quarter worth approximately $513,000. Finally, Comerica Bank grew its position in Invesco KBW High Dividend Yield Financial ETF by 31.6% during the fourth quarter. Comerica Bank now owns 8,835 shares of the company’s stock valued at $130,000 after acquiring an additional 2,122 shares during the last quarter.

Invesco KBW High Dividend Yield Financial ETF Stock Performance

KBWD stock traded up $0.12 during midday trading on Friday, reaching $15.07. 68,772 shares of the company’s stock traded hands, compared to its average volume of 220,428. The firm has a market capitalization of $424.83 million, a PE ratio of 9.75 and a beta of 1.40. The company has a 50-day moving average price of $15.05 and a two-hundred day moving average price of $15.11. Invesco KBW High Dividend Yield Financial ETF has a 52 week low of $14.12 and a 52 week high of $16.38.

Invesco KBW High Dividend Yield Financial ETF Increases Dividend

The business also recently declared a dividend, which was paid on Friday, February 28th. Shareholders of record on Monday, February 24th were paid a $0.1463 dividend. The ex-dividend date was Monday, February 24th. This is a boost from Invesco KBW High Dividend Yield Financial ETF’s previous dividend of $0.15.

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.