Invesco KBW Property & Casualty Insurance ETF (NASDAQ:KBWP) Sees Large Decrease in Short Interest

Invesco KBW Property & Casualty Insurance ETF (NASDAQ:KBWP) saw a significant decrease in short interest in the month of December. As of December 31st, there was short interest totaling 12,208 shares, a decrease of 40.9% from the December 15th total of 20,673 shares. Approximately 0.5% of the company’s stock are short sold. Based on an average daily trading volume, of 112,813 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily trading volume, of 112,813 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.5% of the company’s stock are short sold.

Invesco KBW Property & Casualty Insurance ETF Stock Up 0.4%

KBWP traded up $0.47 during trading on Thursday, hitting $123.08. The company had a trading volume of 2,122 shares, compared to its average volume of 16,906. The company has a market capitalization of $283.08 million, a PE ratio of 13.50 and a beta of 0.55. Invesco KBW Property & Casualty Insurance ETF has a one year low of $108.64 and a one year high of $128.70. The firm’s 50-day moving average price is $124.64 and its 200 day moving average price is $121.70.

Invesco KBW Property & Casualty Insurance ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 26th. Stockholders of record on Monday, December 22nd were given a dividend of $0.6048 per share. This is an increase from Invesco KBW Property & Casualty Insurance ETF’s previous quarterly dividend of $0.37. This represents a $2.42 annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend was Monday, December 22nd.

Institutional Investors Weigh In On Invesco KBW Property & Casualty Insurance ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Kingsview Wealth Management LLC boosted its position in Invesco KBW Property & Casualty Insurance ETF by 69.4% during the 3rd quarter. Kingsview Wealth Management LLC now owns 133,586 shares of the company’s stock worth $16,522,000 after acquiring an additional 54,713 shares during the last quarter. Raymond James Financial Inc. lifted its position in shares of Invesco KBW Property & Casualty Insurance ETF by 180.0% in the second quarter. Raymond James Financial Inc. now owns 100,177 shares of the company’s stock worth $12,305,000 after purchasing an additional 64,399 shares in the last quarter. Mutual Advisors LLC boosted its holdings in Invesco KBW Property & Casualty Insurance ETF by 8.1% during the third quarter. Mutual Advisors LLC now owns 85,161 shares of the company’s stock worth $10,091,000 after purchasing an additional 6,404 shares during the last quarter. Bank of America Corp DE grew its position in Invesco KBW Property & Casualty Insurance ETF by 38.3% in the second quarter. Bank of America Corp DE now owns 47,793 shares of the company’s stock valued at $5,870,000 after purchasing an additional 13,225 shares in the last quarter. Finally, Two Sigma Investments LP increased its stake in Invesco KBW Property & Casualty Insurance ETF by 54.2% in the 3rd quarter. Two Sigma Investments LP now owns 40,700 shares of the company’s stock valued at $5,034,000 after buying an additional 14,300 shares during the last quarter.

Invesco KBW Property & Casualty Insurance ETF Company Profile

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.