Invesco KBW High Dividend Yield Financial ETF (NASDAQ:KBWD) Short Interest Up 36.2% in March

Invesco KBW High Dividend Yield Financial ETF (NASDAQ:KBWD) saw a large increase in short interest during the month of March. As of March 31st, there was short interest totaling 368,532 shares, an increase of 36.2% from the March 15th total of 270,598 shares. Based on an average daily trading volume, of 462,201 shares, the days-to-cover ratio is currently 0.8 days. Currently, 1.1% of the shares of the company are sold short.

Hedge Funds Weigh In On Invesco KBW High Dividend Yield Financial ETF

Several large investors have recently bought and sold shares of KBWD. Jones Financial Companies Lllp increased its stake in Invesco KBW High Dividend Yield Financial ETF by 5,978.0% during the 1st quarter. Jones Financial Companies Lllp now owns 12,156 shares of the company’s stock valued at $176,000 after buying an additional 11,956 shares during the period. Cetera Investment Advisers boosted its position in shares of Invesco KBW High Dividend Yield Financial ETF by 39.9% during the 2nd quarter. Cetera Investment Advisers now owns 47,041 shares of the company’s stock valued at $652,000 after purchasing an additional 13,405 shares in the last quarter. Raymond James Financial Inc. boosted its position in shares of Invesco KBW High Dividend Yield Financial ETF by 229.3% during the 2nd quarter. Raymond James Financial Inc. now owns 161,894 shares of the company’s stock valued at $2,245,000 after purchasing an additional 112,725 shares in the last quarter. Jane Street Group LLC bought a new position in shares of Invesco KBW High Dividend Yield Financial ETF during the 2nd quarter valued at about $515,000. Finally, WFA of San Diego LLC bought a new position in shares of Invesco KBW High Dividend Yield Financial ETF during the 2nd quarter valued at about $33,000.

Invesco KBW High Dividend Yield Financial ETF Stock Performance

Shares of Invesco KBW High Dividend Yield Financial ETF stock traded up $0.19 during trading hours on Wednesday, reaching $13.37. The company’s stock had a trading volume of 401,089 shares, compared to its average volume of 399,820. The stock has a market cap of $447.49 million, a P/E ratio of 10.83 and a beta of 1.06. The company’s 50 day simple moving average is $13.03 and its 200 day simple moving average is $13.50. Invesco KBW High Dividend Yield Financial ETF has a one year low of $12.05 and a one year high of $14.74.

Invesco KBW High Dividend Yield Financial ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, March 27th. Investors of record on Monday, March 23rd were given a $0.1479 dividend. The ex-dividend date was Monday, March 23rd. This represents a c) annualized dividend and a yield of 13.3%.

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.