Invesco KBW Bank ETF (NASDAQ:KBWB) Sees Significant Drop in Short Interest

Invesco KBW Bank ETF (NASDAQ:KBWB) saw a significant decline in short interest in the month of October. As of October 31st, there was short interest totalling 1,400,000 shares, a decline of 8.5% from the October 15th total of 1,530,000 shares. Based on an average daily volume of 916,700 shares, the short-interest ratio is currently 1.5 days.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of KBWB. Capital Performance Advisors LLP purchased a new position in shares of Invesco KBW Bank ETF during the 3rd quarter valued at approximately $29,000. Private Trust Co. NA increased its holdings in Invesco KBW Bank ETF by 88.7% in the third quarter. Private Trust Co. NA now owns 566 shares of the company’s stock valued at $33,000 after buying an additional 266 shares in the last quarter. International Assets Investment Management LLC acquired a new position in shares of Invesco KBW Bank ETF in the second quarter worth about $43,000. HM Payson & Co. purchased a new stake in shares of Invesco KBW Bank ETF during the 3rd quarter worth about $68,000. Finally, FMR LLC increased its stake in shares of Invesco KBW Bank ETF by 32.3% in the 3rd quarter. FMR LLC now owns 2,108 shares of the company’s stock valued at $124,000 after purchasing an additional 515 shares in the last quarter.

Invesco KBW Bank ETF Stock Performance

Shares of KBWB opened at $69.26 on Monday. The business’s 50-day moving average is $61.26 and its two-hundred day moving average is $57.25. The company has a market capitalization of $2.12 billion, a P/E ratio of 10.69 and a beta of 1.19. Invesco KBW Bank ETF has a fifty-two week low of $41.98 and a fifty-two week high of $70.01.

Invesco KBW Bank ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Monday, September 23rd were issued a dividend of $0.424 per share. This represents a $1.70 annualized dividend and a yield of 2.45%. This is a positive change from Invesco KBW Bank ETF’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Monday, September 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.