Invesco KBW Bank ETF (NASDAQ:KBWB) Sees Large Increase in Short Interest

Invesco KBW Bank ETF (NASDAQ:KBWB) was the recipient of a large growth in short interest in the month of January. As of January 31st, there was short interest totalling 3,030,000 shares, a growth of 77.2% from the January 15th total of 1,710,000 shares. Based on an average daily trading volume, of 1,658,600 shares, the days-to-cover ratio is presently 1.8 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of KBWB. Sanctuary Advisors LLC acquired a new position in Invesco KBW Bank ETF during the 2nd quarter worth $547,000. Magnus Financial Group LLC grew its stake in Invesco KBW Bank ETF by 132.8% during the 3rd quarter. Magnus Financial Group LLC now owns 12,292 shares of the company’s stock worth $720,000 after purchasing an additional 7,013 shares in the last quarter. Good Life Advisors LLC acquired a new position in Invesco KBW Bank ETF during the 3rd quarter worth $7,819,000. HM Payson & Co. acquired a new position in Invesco KBW Bank ETF during the 3rd quarter worth $68,000. Finally, Farther Finance Advisors LLC grew its stake in Invesco KBW Bank ETF by 712.2% during the 3rd quarter. Farther Finance Advisors LLC now owns 8,114 shares of the company’s stock worth $476,000 after purchasing an additional 7,115 shares in the last quarter.

Invesco KBW Bank ETF Price Performance

Shares of KBWB stock traded up $0.80 on Friday, hitting $71.40. The stock had a trading volume of 803,605 shares, compared to its average volume of 1,848,600. Invesco KBW Bank ETF has a 1 year low of $48.26 and a 1 year high of $72.39. The firm has a market capitalization of $3.45 billion, a P/E ratio of 10.69 and a beta of 1.19. The company’s 50 day moving average price is $68.26 and its 200-day moving average price is $63.64.

Invesco KBW Bank ETF Dividend Announcement

The business also recently announced a dividend, which was paid on Friday, December 27th. Investors of record on Monday, December 23rd were paid a dividend of $0.3601 per share. The ex-dividend date was Monday, December 23rd.

About Invesco KBW Bank ETF

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.