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

Invesco KBW Bank ETF (NASDAQ:KBWB) was the recipient of a large growth in short interest during the month of November. As of November 15th, there was short interest totalling 1,610,000 shares, a growth of 15.0% from the October 31st total of 1,400,000 shares. Based on an average daily trading volume, of 1,018,200 shares, the short-interest ratio is presently 1.6 days.

Invesco KBW Bank ETF Stock Down 1.1 %

Shares of NASDAQ:KBWB traded down $0.75 during midday trading on Monday, reaching $70.28. 484,171 shares of the company traded hands, compared to its average volume of 857,616. Invesco KBW Bank ETF has a 12 month low of $44.42 and a 12 month high of $71.78. The firm has a market capitalization of $2.15 billion, a price-to-earnings ratio of 10.69 and a beta of 1.19. The firm’s fifty day moving average price is $63.81 and its two-hundred day moving average price is $58.43.

Invesco KBW Bank ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Monday, September 23rd were paid a $0.424 dividend. This is a positive change from Invesco KBW Bank ETF’s previous quarterly dividend of $0.40. This represents a $1.70 dividend on an annualized basis and a yield of 2.41%. The ex-dividend date of this dividend was Monday, September 23rd.

Hedge Funds Weigh In On Invesco KBW Bank ETF

Institutional investors have recently added to or reduced their stakes in the business. Capital Performance Advisors LLP bought a new position in shares of Invesco KBW Bank ETF during the 3rd quarter valued at about $29,000. Private Trust Co. NA increased its position in shares of Invesco KBW Bank ETF by 88.7% during the 3rd quarter. Private Trust Co. NA now owns 566 shares of the company’s stock valued at $33,000 after purchasing an additional 266 shares during the last quarter. International Assets Investment Management LLC bought a new position in shares of Invesco KBW Bank ETF during the 2nd quarter valued at about $43,000. HM Payson & Co. bought a new position in shares of Invesco KBW Bank ETF during the 3rd quarter valued at about $68,000. Finally, Lynx Investment Advisory bought a new position in shares of Invesco KBW Bank ETF during the 2nd quarter valued at about $121,000.

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.