Invesco KBW Property & Casualty Insurance ETF (NASDAQ:KBWP) Short Interest Down 47.8% in July

Invesco KBW Property & Casualty Insurance ETF (NASDAQ:KBWP) saw a large decline in short interest in the month of July. As of July 31st, there was short interest totaling 11,906 shares, a decline of 47.8% from the July 15th total of 22,821 shares. Based on an average daily volume of 20,729 shares, the short-interest ratio is currently 0.6 days. Approximately 0.6% of the shares of the company are sold short.

Hedge Funds Weigh In On Invesco KBW Property & Casualty Insurance ETF

A number of institutional investors and hedge funds have recently made changes to their positions in KBWP. Raymond James Financial Inc. grew its position in Invesco KBW Property & Casualty Insurance ETF by 180.0% during the second quarter. Raymond James Financial Inc. now owns 100,177 shares of the company’s stock worth $12,305,000 after buying an additional 64,399 shares during the period. Redstone Wealth Management LLC boosted its stake in shares of Invesco KBW Property & Casualty Insurance ETF by 0.6% during the 1st quarter. Redstone Wealth Management LLC now owns 91,046 shares of the company’s stock worth $10,833,000 after acquiring an additional 578 shares in the last quarter. Mutual Advisors LLC boosted its stake in shares of Invesco KBW Property & Casualty Insurance ETF by 4.7% during the 4th quarter. Mutual Advisors LLC now owns 89,150 shares of the company’s stock worth $11,348,000 after acquiring an additional 3,989 shares in the last quarter. Cetera Investment Advisers grew its holdings in shares of Invesco KBW Property & Casualty Insurance ETF by 15.6% in the 1st quarter. Cetera Investment Advisers now owns 62,098 shares of the company’s stock worth $7,389,000 after acquiring an additional 8,381 shares during the period. Finally, Bank of America Corp DE grew its holdings in shares of Invesco KBW Property & Casualty Insurance ETF by 38.3% in the 2nd quarter. Bank of America Corp DE now owns 47,793 shares of the company’s stock worth $5,870,000 after acquiring an additional 13,225 shares during the period.

Invesco KBW Property & Casualty Insurance ETF Trading Down 1.3%

Shares of KBWP traded down $1.78 during mid-day trading on Monday, hitting $131.62. The company’s stock had a trading volume of 6,306 shares, compared to its average volume of 17,271. The firm has a 50-day simple moving average of $130.00 and a 200 day simple moving average of $124.26. The firm has a market capitalization of $265.87 million, a P/E ratio of 13.50 and a beta of 0.39. Invesco KBW Property & Casualty Insurance ETF has a 1-year low of $114.62 and a 1-year high of $140.37.

Invesco KBW Property & Casualty Insurance ETF Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Monday, June 22nd were given a dividend of $0.4994 per share. This represents a $2.00 annualized dividend and a dividend yield of 1.5%. The ex-dividend date was Monday, June 22nd.

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.