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

Invesco KBW Property & Casualty Insurance ETF (NASDAQ:KBWPGet Free Report) saw a significant increase in short interest in November. As of November 15th, there was short interest totalling 35,700 shares, an increase 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.

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

Several large investors have recently made changes to their positions in KBWP. FMR LLC boosted its stake in Invesco KBW Property & Casualty Insurance ETF by 196.3% in the 3rd quarter. FMR LLC now owns 791 shares of the company’s stock worth $91,000 after purchasing an additional 524 shares during the period. AdvisorNet Financial Inc increased its stake in shares of Invesco KBW Property & Casualty Insurance ETF by 8.5% during the 2nd quarter. AdvisorNet Financial Inc now owns 1,323 shares of the company’s stock worth $135,000 after purchasing an additional 104 shares during the last quarter. Prospera Financial Services Inc bought a new stake in shares of Invesco KBW Property & Casualty Insurance ETF in the 3rd quarter valued at about $219,000. WBI Investments LLC lifted its stake in Invesco KBW Property & Casualty Insurance ETF by 6.7% in the 2nd quarter. WBI Investments LLC now owns 2,231 shares of the company’s stock valued at $229,000 after purchasing an additional 140 shares during the last quarter. Finally, Hudock Inc. bought a new position in Invesco KBW Property & Casualty Insurance ETF during the second quarter worth about $240,000.

Invesco KBW Property & Casualty Insurance ETF Trading Down 0.0 %

Shares of Invesco KBW Property & Casualty Insurance ETF stock opened at $126.38 on Monday. The company has a market capitalization of $473.93 million, a PE ratio of 19.40 and a beta of 0.66. Invesco KBW Property & Casualty Insurance ETF has a 12 month low of $88.03 and a 12 month high of $127.17. The stock’s fifty day simple moving average is $118.31 and its 200 day simple moving average is $111.23.

Invesco KBW Property & Casualty Insurance ETF Increases Dividend

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

About Invesco KBW Property & Casualty Insurance ETF

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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.

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