Invesco KBW Regional Banking ETF (NASDAQ:KBWR) Short Interest Up 5.4% in October

Invesco KBW Regional Banking ETF (NASDAQ:KBWR) was the recipient of a large increase in short interest in October. As of October 15th, there was short interest totalling 15,700 shares, an increase of 5.4% from the September 30th total of 14,900 shares. Based on an average trading volume of 4,600 shares, the days-to-cover ratio is currently 3.4 days.

Invesco KBW Regional Banking ETF Stock Performance

NASDAQ:KBWR traded down $0.07 during midday trading on Thursday, reaching $59.17. 401 shares of the stock traded hands, compared to its average volume of 5,754. Invesco KBW Regional Banking ETF has a 12-month low of $41.35 and a 12-month high of $60.45. The business has a 50-day moving average of $56.82 and a two-hundred day moving average of $52.93. The stock has a market capitalization of $53.25 million, a PE ratio of 9.98 and a beta of 1.05.

Invesco KBW Regional Banking ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Monday, September 23rd were given a dividend of $0.401 per share. This represents a $1.60 annualized dividend and a yield of 2.71%. The ex-dividend date was Monday, September 23rd. This is an increase from Invesco KBW Regional Banking ETF’s previous quarterly dividend of $0.40.

Hedge Funds Weigh In On Invesco KBW Regional Banking ETF

An institutional investor recently bought a new position in Invesco KBW Regional Banking ETF stock. Private Advisor Group LLC bought a new stake in Invesco KBW Regional Banking ETF (NASDAQ:KBWR) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 9,691 shares of the company’s stock, valued at approximately $549,000. Private Advisor Group LLC owned about 1.08% of Invesco KBW Regional Banking ETF as of its most recent SEC filing.

Invesco KBW Regional Banking ETF Company Profile

The Invesco KBW Regional Banking ETF (KBWR) is an exchange-traded fund that is based on the KBW Nasdaq Regional Banking index, a modified market-cap-weighted index focused exclusively on regional banking firms in the US. KBWR was launched on Nov 1, 2011 and is managed by Invesco.