Invesco KBW High Dividend Yield Financial ETF (NASDAQ:KBWD) Stock Short Interest Drops 41.9%

Invesco KBW High Dividend Yield Financial ETF (NASDAQ:KBWD) was the target of a significant decline in short interest in the month of October. As of October 15th, there was short interest totaling 331,074 shares, a decline of 41.9% from the September 30th total of 570,301 shares. Currently, 1.0% of the company’s shares are short sold. Based on an average daily trading volume, of 974,665 shares, the short-interest ratio is currently 0.3 days.

Institutional Investors Weigh In On Invesco KBW High Dividend Yield Financial ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Gradient Investments LLC bought a new stake in Invesco KBW High Dividend Yield Financial ETF in the 3rd quarter valued at about $7,157,000. Independent Financial Group LLC acquired a new position in Invesco KBW High Dividend Yield Financial ETF during the 1st quarter worth approximately $373,000. Bank of America Corp DE raised its stake in Invesco KBW High Dividend Yield Financial ETF by 2.6% during the 1st quarter. Bank of America Corp DE now owns 726,416 shares of the company’s stock worth $9,109,000 after buying an additional 18,508 shares during the period. NewEdge Advisors LLC boosted its holdings in Invesco KBW High Dividend Yield Financial ETF by 3,108.1% in the second quarter. NewEdge Advisors LLC now owns 17,484 shares of the company’s stock worth $217,000 after acquiring an additional 16,939 shares in the last quarter. Finally, Fifth Third Bancorp bought a new position in Invesco KBW High Dividend Yield Financial ETF in the first quarter worth approximately $120,000.

Invesco KBW High Dividend Yield Financial ETF Stock Down 1.0%

Invesco KBW High Dividend Yield Financial ETF stock traded down $0.10 during trading hours on Tuesday, reaching $10.60. 244,838 shares of the company’s stock were exchanged, compared to its average volume of 466,613. The firm’s 50 day simple moving average is $11.33 and its 200 day simple moving average is $12.49. Invesco KBW High Dividend Yield Financial ETF has a twelve month low of $10.05 and a twelve month high of $14.74. The firm has a market capitalization of $332.93 million, a PE ratio of 10.83 and a beta of 1.06.

Invesco KBW High Dividend Yield Financial ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Friday, October 23rd. Shareholders of record on Monday, October 19th were issued a $0.1348 dividend. The ex-dividend date was Monday, October 19th. This is a negative change from Invesco KBW High Dividend Yield Financial ETF’s previous monthly dividend of $0.1350. This represents a $1.62 dividend on an annualized basis and a yield of 15.3%.

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.