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

Invesco KBW Bank ETF (NASDAQ:KBWB) was the recipient of a significant growth in short interest in the month of March. As of March 31st, there was short interest totalling 3,070,000 shares, a growth of 5.1% from the March 15th total of 2,920,000 shares. Based on an average daily trading volume, of 898,100 shares, the short-interest ratio is currently 3.4 days.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. RFG Holdings Inc. increased its position in Invesco KBW Bank ETF by 65.3% in the 1st quarter. RFG Holdings Inc. now owns 177,868 shares of the company’s stock worth $9,545,000 after buying an additional 70,247 shares during the period. PNC Financial Services Group Inc. acquired a new position in Invesco KBW Bank ETF in the fourth quarter worth $37,000. Trust Co. of Vermont boosted its stake in Invesco KBW Bank ETF by 105.3% in the fourth quarter. Trust Co. of Vermont now owns 616 shares of the company’s stock worth $30,000 after purchasing an additional 316 shares in the last quarter. Fisher Asset Management LLC raised its position in shares of Invesco KBW Bank ETF by 32.7% during the fourth quarter. Fisher Asset Management LLC now owns 1,593,175 shares of the company’s stock worth $78,368,000 after acquiring an additional 392,919 shares during the last quarter. Finally, GLOBALT Investments LLC GA bought a new stake in Invesco KBW Bank ETF in the fourth quarter valued at about $643,000.

Invesco KBW Bank ETF Stock Up 0.7 %

NASDAQ:KBWB opened at $49.93 on Thursday. Invesco KBW Bank ETF has a 52-week low of $36.19 and a 52-week high of $53.79. The firm has a market cap of $1.41 billion, a P/E ratio of 10.44 and a beta of 1.19. The business’s 50-day moving average price is $50.68 and its 200 day moving average price is $46.55.

Invesco KBW Bank ETF Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Tuesday, March 19th were paid a dividend of $0.4265 per share. This represents a $1.71 dividend on an annualized basis and a dividend yield of 3.42%. The ex-dividend date of this dividend was Monday, March 18th.

About Invesco KBW Bank ETF

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.