Invesco KBW Bank ETF (NASDAQ:KBWB) Short Interest Update

Invesco KBW Bank ETF (NASDAQ:KBWB) was the target of a large decline in short interest in the month of August. As of August 31st, there was short interest totalling 1,820,000 shares, a decline of 10.8% from the August 15th total of 2,040,000 shares. Based on an average daily volume of 841,600 shares, the days-to-cover ratio is presently 2.2 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Trust Co. of Vermont raised its holdings in Invesco KBW Bank ETF by 105.3% in the 4th quarter. Trust Co. of Vermont now owns 616 shares of the company’s stock worth $30,000 after purchasing an additional 316 shares during the period. PNC Financial Services Group Inc. purchased a new stake in Invesco KBW Bank ETF in the fourth quarter worth about $37,000. International Assets Investment Management LLC bought a new position in shares of Invesco KBW Bank ETF in the second quarter worth about $43,000. Lynx Investment Advisory purchased a new position in shares of Invesco KBW Bank ETF during the 2nd quarter valued at about $121,000. Finally, Caprock Group LLC purchased a new position in shares of Invesco KBW Bank ETF during the 1st quarter valued at about $208,000.

Invesco KBW Bank ETF Price Performance

Shares of NASDAQ:KBWB traded up $0.40 during trading on Tuesday, hitting $57.82. The company’s stock had a trading volume of 796,377 shares, compared to its average volume of 818,640. The firm has a market cap of $1.67 billion, a price-to-earnings ratio of 10.69 and a beta of 1.19. The company has a 50-day moving average of $56.98 and a 200-day moving average of $54.13. Invesco KBW Bank ETF has a 12 month low of $36.51 and a 12 month high of $59.68.

Invesco KBW Bank ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Monday, June 24th were given a $0.3984 dividend. The ex-dividend date was Monday, June 24th. This represents a $1.59 annualized dividend and a yield of 2.76%.

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.