Invesco KBW Bank ETF (NASDAQ:KBWB) Short Interest Update

Invesco KBW Bank ETF (NASDAQ:KBWB) saw a large drop in short interest in March. As of March 31st, there was short interest totalling 3,730,000 shares, a drop of 25.5% from the March 15th total of 5,010,000 shares. Currently, 6.5% of the shares of the company are sold short. Based on an average daily volume of 2,428,000 shares, the days-to-cover ratio is presently 1.5 days.

Invesco KBW Bank ETF Price Performance

Shares of KBWB traded up $0.56 on Friday, reaching $56.76. 1,031,630 shares of the stock traded hands, compared to its average volume of 1,337,603. The stock’s 50-day moving average price is $62.91 and its 200-day moving average price is $65.44. The firm has a market cap of $3.26 billion, a price-to-earnings ratio of 11.19 and a beta of 1.19. Invesco KBW Bank ETF has a 12 month low of $51.13 and a 12 month high of $72.39.

Invesco KBW Bank ETF Increases Dividend

The firm also recently disclosed a dividend, which was paid on Friday, March 28th. Stockholders of record on Monday, March 24th were paid a $0.4118 dividend. This is a boost from Invesco KBW Bank ETF’s previous dividend of $0.36. The ex-dividend date was Monday, March 24th.

Hedge Funds Weigh In On Invesco KBW Bank ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. FMR LLC lifted its stake in Invesco KBW Bank ETF by 32.3% during the third quarter. FMR LLC now owns 2,108 shares of the company’s stock worth $124,000 after purchasing an additional 515 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in Invesco KBW Bank ETF in the 3rd quarter valued at $242,000. City Center Advisors LLC bought a new stake in Invesco KBW Bank ETF in the fourth quarter valued at $503,000. Wealthcare Advisory Partners LLC acquired a new position in Invesco KBW Bank ETF during the fourth quarter worth $232,000. Finally, Astoria Portfolio Advisors LLC. acquired a new stake in shares of Invesco KBW Bank ETF in the 4th quarter valued at $999,000.

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.