Invesco KBW High Dividend Yield Financial ETF (NASDAQ:KBWD) Sees Significant Decline in Short Interest

Invesco KBW High Dividend Yield Financial ETF (NASDAQ:KBWD) was the target of a large decrease in short interest in May. As of May 31st, there was short interest totalling 322,400 shares, a decrease of 32.4% from the May 15th total of 476,700 shares. Based on an average daily trading volume, of 248,700 shares, the short-interest ratio is currently 1.3 days. Currently, 1.1% of the shares of the stock are sold short.

Invesco KBW High Dividend Yield Financial ETF Stock Down 0.2%

Shares of NASDAQ KBWD opened at $13.65 on Tuesday. The firm’s 50-day simple moving average is $13.46 and its 200 day simple moving average is $14.39. The company has a market cap of $392.85 million, a price-to-earnings ratio of 9.99 and a beta of 1.40. Invesco KBW High Dividend Yield Financial ETF has a 12-month low of $11.96 and a 12-month high of $16.38.

Invesco KBW High Dividend Yield Financial ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, May 23rd. Shareholders of record on Monday, May 19th were issued a dividend of $0.1478 per share. This is a boost from Invesco KBW High Dividend Yield Financial ETF’s previous monthly dividend of $0.15. This represents a $1.77 annualized dividend and a yield of 12.99%. The ex-dividend date of this dividend was Monday, May 19th.

Institutional Trading of Invesco KBW High Dividend Yield Financial ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Founders Financial Alliance LLC grew its holdings in Invesco KBW High Dividend Yield Financial ETF by 10.1% during the 4th quarter. Founders Financial Alliance LLC now owns 7,490 shares of the company’s stock worth $110,000 after acquiring an additional 687 shares during the period. Mattson Financial Services LLC grew its holdings in Invesco KBW High Dividend Yield Financial ETF by 19.4% during the 1st quarter. Mattson Financial Services LLC now owns 5,110 shares of the company’s stock worth $74,000 after acquiring an additional 830 shares during the period. Farther Finance Advisors LLC grew its holdings in Invesco KBW High Dividend Yield Financial ETF by 12.5% during the 4th quarter. Farther Finance Advisors LLC now owns 12,095 shares of the company’s stock worth $177,000 after acquiring an additional 1,347 shares during the period. Atria Wealth Solutions Inc. grew its holdings in Invesco KBW High Dividend Yield Financial ETF by 3.7% during the 4th quarter. Atria Wealth Solutions Inc. now owns 49,328 shares of the company’s stock worth $724,000 after acquiring an additional 1,777 shares during the period. Finally, National Bank of Canada FI acquired a new stake in Invesco KBW High Dividend Yield Financial ETF during the 4th quarter worth $29,000.

About Invesco KBW High Dividend Yield Financial ETF

The Invesco KBW High Dividend Yield Financial ETF (KBWD) is an exchange-traded fund that mostly invests in financials equity. The fund tracks a dividend-yield-weighted index of US financial firms. KBWD was launched on Dec 2, 2010 and is managed by Invesco.