Invesco Bloomberg Financial Data Providers ETF (NASDAQ:FDIQ) Shares Shorted: Short Interest Up 398.4% in September

Invesco Bloomberg Financial Data Providers ETF (NASDAQ:FDIQ) was the recipient of a significant increase in short interest in September. As of September 15th, there was short interest totaling 8,906 shares, an increase of 398.4% from the August 31st total of 1,787 shares. Currently, 1.6% of the company’s stock are short sold. Based on an average trading volume of 2,222 shares, the days-to-cover ratio is presently 4.0 days.

Hedge Funds Weigh In On Invesco Bloomberg Financial Data Providers ETF

A hedge fund recently bought a new stake in Invesco Bloomberg Financial Data Providers ETF stock. Corient Private Wealth LLC purchased a new stake in Invesco Bloomberg Financial Data Providers ETF (NASDAQ:FDIQ) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 6,000 shares of the company’s stock, valued at approximately $389,000. Corient Private Wealth LLC owned approximately 0.78% of Invesco Bloomberg Financial Data Providers ETF at the end of the most recent reporting period.

Invesco Bloomberg Financial Data Providers ETF Stock Down 0.2%

NASDAQ FDIQ traded down $0.17 on Friday, hitting $69.67. 539 shares of the stock were exchanged, compared to its average volume of 4,157. Invesco Bloomberg Financial Data Providers ETF has a fifty-two week low of $55.60 and a fifty-two week high of $76.68. The company has a market cap of $39.71 million, a PE ratio of 13.81 and a beta of 0.78. The company has a 50-day moving average price of $72.52 and a 200-day moving average price of $70.57.

Invesco Bloomberg Financial Data Providers ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 25th. Stockholders of record on Monday, September 21st were given a dividend of $0.3652 per share. This is an increase from Invesco Bloomberg Financial Data Providers ETF’s previous quarterly dividend of $0.2232. The ex-dividend date of this dividend was Monday, September 21st. This represents a $1.46 annualized dividend and a dividend yield of 2.1%.

About Invesco Bloomberg Financial Data Providers ETF

Invesco KBW Regional Banking ETF (NASDAQ: FDIQ) is an exchange-traded fund designed to track the performance of an index focused on regional banking companies in the United States. The fund provides investors with exposure to a diversified group of banks that typically operate across local and regional markets, offering a way to gain targeted access to the U.S. banking sector through a single security.

The ETF is managed by Invesco, a global investment management firm known for offering a wide range of funds and other investment products.