Invesco KBW High Dividend Yield Financial ETF (NASDAQ:KBWD) Sees Large Increase in Short Interest

Invesco KBW High Dividend Yield Financial ETF (NASDAQ:KBWD) was the recipient of a large increase in short interest during the month of December. As of December 31st, there was short interest totaling 173,088 shares, an increase of 28.1% from the December 15th total of 135,079 shares. Based on an average daily volume of 254,208 shares, the short-interest ratio is currently 0.7 days. Currently, 0.6% of the shares of the stock are sold short. Currently, 0.6% of the shares of the stock are sold short. Based on an average daily volume of 254,208 shares, the short-interest ratio is currently 0.7 days.

Invesco KBW High Dividend Yield Financial ETF Price Performance

KBWD stock traded up $0.10 during trading on Monday, hitting $14.71. The stock had a trading volume of 350,670 shares, compared to its average volume of 386,052. Invesco KBW High Dividend Yield Financial ETF has a twelve month low of $11.96 and a twelve month high of $15.80. The company’s 50-day moving average price is $13.82 and its two-hundred day moving average price is $13.84. The stock has a market capitalization of $456.60 million, a P/E ratio of 10.83 and a beta of 1.15.

Invesco KBW High Dividend Yield Financial ETF Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, January 23rd. Investors of record on Tuesday, January 20th will be given a dividend of $0.1479 per share. The ex-dividend date is Tuesday, January 20th. This is a positive change from Invesco KBW High Dividend Yield Financial ETF’s previous monthly dividend of $0.15. This represents a c) annualized dividend and a dividend yield of 12.1%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in KBWD. Farther Finance Advisors LLC grew its holdings in shares of Invesco KBW High Dividend Yield Financial ETF by 7.6% during the second quarter. Farther Finance Advisors LLC now owns 10,181 shares of the company’s stock worth $141,000 after buying an additional 718 shares in the last quarter. Comerica Bank boosted its position in Invesco KBW High Dividend Yield Financial ETF by 11.7% during the third quarter. Comerica Bank now owns 8,451 shares of the company’s stock worth $114,000 after acquiring an additional 887 shares during the last quarter. CWM LLC grew its stake in Invesco KBW High Dividend Yield Financial ETF by 3.9% during the 2nd quarter. CWM LLC now owns 28,846 shares of the company’s stock valued at $400,000 after acquiring an additional 1,084 shares in the last quarter. Rockefeller Capital Management L.P. lifted its stake in Invesco KBW High Dividend Yield Financial ETF by 3.4% in the 2nd quarter. Rockefeller Capital Management L.P. now owns 35,665 shares of the company’s stock worth $495,000 after purchasing an additional 1,167 shares in the last quarter. Finally, IFP Advisors Inc boosted its holdings in shares of Invesco KBW High Dividend Yield Financial ETF by 9.1% during the 2nd quarter. IFP Advisors Inc now owns 19,628 shares of the company’s stock worth $272,000 after purchasing an additional 1,633 shares during the last quarter.

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.