Invesco KBW Property & Casualty Insurance ETF (NASDAQ:KBWP) Short Interest Update

Invesco KBW Property & Casualty Insurance ETF (NASDAQ:KBWP) was the recipient of a large growth in short interest during the month of November. As of November 15th, there was short interest totalling 35,700 shares, a growth of 32.7% from the October 31st total of 26,900 shares. Based on an average daily volume of 63,800 shares, the days-to-cover ratio is presently 0.6 days.

Hedge Funds Weigh In On Invesco KBW Property & Casualty Insurance ETF

Several hedge funds have recently made changes to their positions in the business. Fifth Third Securities Inc. bought a new position in Invesco KBW Property & Casualty Insurance ETF during the second quarter worth $767,000. AdvisorNet Financial Inc increased its stake in shares of Invesco KBW Property & Casualty Insurance ETF by 8.5% in the second quarter. AdvisorNet Financial Inc now owns 1,323 shares of the company’s stock valued at $135,000 after buying an additional 104 shares during the period. Focus Financial Network Inc. raised its holdings in Invesco KBW Property & Casualty Insurance ETF by 3.1% during the 2nd quarter. Focus Financial Network Inc. now owns 19,103 shares of the company’s stock worth $2,071,000 after purchasing an additional 566 shares during the last quarter. WBI Investments LLC increased its position in shares of Invesco KBW Property & Casualty Insurance ETF by 6.7% during the second quarter. WBI Investments LLC now owns 2,231 shares of the company’s stock worth $229,000 after buying an additional 140 shares during the period. Finally, Hudock Inc. bought a new position in shares of Invesco KBW Property & Casualty Insurance ETF in the 2nd quarter worth about $240,000.

Invesco KBW Property & Casualty Insurance ETF Trading Down 0.0 %

Shares of NASDAQ:KBWP traded down $0.02 during midday trading on Friday, hitting $126.38. The company had a trading volume of 8,662 shares, compared to its average volume of 34,738. The stock has a market cap of $473.93 million, a price-to-earnings ratio of 19.40 and a beta of 0.66. The firm has a fifty day simple moving average of $118.31 and a 200 day simple moving average of $111.15. Invesco KBW Property & Casualty Insurance ETF has a 12 month low of $88.03 and a 12 month high of $127.17.

Invesco KBW Property & Casualty Insurance ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Monday, September 23rd were given a $0.342 dividend. This is a boost from Invesco KBW Property & Casualty Insurance ETF’s previous quarterly dividend of $0.31. This represents a $1.37 annualized dividend and a yield of 1.08%. The ex-dividend date of this dividend was Monday, September 23rd.

About Invesco KBW Property & Casualty Insurance ETF

The Invesco KBW Property & Casualty Insurance ETF (KBWP) is an exchange-traded fund that mostly invests in financials equity. The fund tracks a modified market-cap-weighted index focused exclusively on property & casualty insurance companies in the US. KBWP was launched on Dec 2, 2010 and is managed by Invesco.