Short Interest in Invesco KBW Bank ETF (NASDAQ:KBWB) Increases By 18.6%

Invesco KBW Bank ETF (NASDAQ:KBWB) was the target of a large increase in short interest in March. As of March 13th, there was short interest totaling 3,984,098 shares, an increase of 18.6% from the February 26th total of 3,358,573 shares. Approximately 5.6% of the company’s stock are short sold. Based on an average daily volume of 2,680,807 shares, the short-interest ratio is currently 1.5 days.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. UMB Bank n.a. purchased a new stake in Invesco KBW Bank ETF during the 3rd quarter worth approximately $31,000. IFP Advisors Inc acquired a new stake in shares of Invesco KBW Bank ETF during the fourth quarter worth approximately $35,000. Allworth Financial LP increased its stake in shares of Invesco KBW Bank ETF by 31.5% in the fourth quarter. Allworth Financial LP now owns 522 shares of the company’s stock worth $44,000 after buying an additional 125 shares during the last quarter. Smartleaf Asset Management LLC increased its stake in shares of Invesco KBW Bank ETF by 970.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 535 shares of the company’s stock worth $45,000 after buying an additional 485 shares during the last quarter. Finally, Bayban acquired a new stake in Invesco KBW Bank ETF in the fourth quarter valued at $55,000.

Invesco KBW Bank ETF Trading Up 3.6%

KBWB stock traded up $2.72 during trading on Tuesday, reaching $79.12. The stock had a trading volume of 6,245,901 shares, compared to its average volume of 2,661,843. The firm has a fifty day moving average price of $82.89 and a 200 day moving average price of $81.17. The company has a market capitalization of $5.60 billion, a P/E ratio of 13.35 and a beta of 1.11. Invesco KBW Bank ETF has a 1-year low of $51.13 and a 1-year high of $91.43.

Invesco KBW Bank ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Monday, March 23rd were paid a $0.4898 dividend. This represents a $1.96 annualized dividend and a dividend yield of 2.5%. This is a positive change from Invesco KBW Bank ETF’s previous quarterly dividend of $0.44. The ex-dividend date was Monday, March 23rd.

Invesco KBW Bank ETF Company Profile

The Invesco KBW Bank ETF (KBWB) is an exchange-traded fund that is based on the KBW Nasdaq Bank index, a modified market-cap-weighted index of US banking firms. KBWB was launched on Nov 1, 2011 and is managed by Invesco.