Invesco KBW Bank ETF (NASDAQ:KBWB) Sees Significant Increase in Short Interest

Invesco KBW Bank ETF (NASDAQ:KBWB) was the recipient of a significant increase in short interest in the month of March. As of March 13th, there was short interest totaling 3,984,098 shares, an increase of 18.6% from the February 26th total of 3,358,573 shares. Based on an average trading volume of 2,680,807 shares, the short-interest ratio is currently 1.5 days. Currently, 5.6% of the company’s shares are sold short.

Institutional Trading of Invesco KBW Bank ETF

Several hedge funds have recently bought and sold shares of the stock. UMB Bank n.a. acquired a new position in shares of Invesco KBW Bank ETF in the third quarter valued at approximately $31,000. IFP Advisors Inc bought a new stake in Invesco KBW Bank ETF in the 4th quarter valued at $35,000. Allworth Financial LP lifted its position in Invesco KBW Bank ETF by 31.5% in the 4th quarter. Allworth Financial LP now owns 522 shares of the company’s stock valued at $44,000 after acquiring an additional 125 shares in the last quarter. Smartleaf Asset Management LLC boosted its stake in Invesco KBW Bank ETF by 970.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 535 shares of the company’s stock worth $45,000 after purchasing an additional 485 shares during the period. Finally, Bayban acquired a new position in Invesco KBW Bank ETF in the 4th quarter worth $55,000.

Invesco KBW Bank ETF Price Performance

Shares of Invesco KBW Bank ETF stock opened at $80.14 on Thursday. The company has a market capitalization of $4.91 billion, a P/E ratio of 13.35 and a beta of 1.11. The business has a 50-day moving average of $82.77 and a two-hundred day moving average of $81.16. Invesco KBW Bank ETF has a 1 year low of $51.13 and a 1 year high of $91.43.

Invesco KBW Bank ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Monday, March 23rd were paid a dividend of $0.4898 per share. This represents a $1.96 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend was Monday, March 23rd. This is a positive change from Invesco KBW Bank ETF’s previous quarterly dividend of $0.44.

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.