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

Invesco KBW Property & Casualty Insurance ETF (NASDAQ:KBWP) was the recipient of a large decrease in short interest in the month of February. As of February 15th, there was short interest totalling 5,200 shares, a decrease of 38.8% from the January 31st total of 8,500 shares. Based on an average daily trading volume, of 32,400 shares, the short-interest ratio is currently 0.2 days.

Invesco KBW Property & Casualty Insurance ETF Stock Up 1.0 %

Invesco KBW Property & Casualty Insurance ETF stock traded up $1.14 during mid-day trading on Monday, reaching $121.11. 42,042 shares of the company’s stock were exchanged, compared to its average volume of 39,651. Invesco KBW Property & Casualty Insurance ETF has a twelve month low of $100.25 and a twelve month high of $127.17. The company has a market cap of $452.95 million, a P/E ratio of 10.82 and a beta of 0.66. The company has a fifty day moving average of $114.82 and a 200-day moving average of $116.41.

Invesco KBW Property & Casualty Insurance ETF Dividend Announcement

The business also recently disclosed a dividend, which was paid on Friday, December 27th. Stockholders of record on Monday, December 23rd were paid a $0.7787 dividend. The ex-dividend date was Monday, December 23rd.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. New Wave Wealth Advisors LLC acquired a new stake in Invesco KBW Property & Casualty Insurance ETF in the 4th quarter valued at about $63,000. FMR LLC increased its stake in shares of Invesco KBW Property & Casualty Insurance ETF by 196.3% during the third quarter. FMR LLC now owns 791 shares of the company’s stock worth $91,000 after buying an additional 524 shares during the period. Prospera Financial Services Inc acquired a new stake in Invesco KBW Property & Casualty Insurance ETF in the third quarter valued at approximately $219,000. Two Sigma Securities LLC purchased a new position in Invesco KBW Property & Casualty Insurance ETF in the fourth quarter worth approximately $245,000. Finally, Carr Financial Group Corp acquired a new position in Invesco KBW Property & Casualty Insurance ETF during the 4th quarter worth approximately $258,000.

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.