Invesco KBW Property & Casualty Insurance ETF (NASDAQ:KBWP) Short Interest Update

Invesco KBW Property & Casualty Insurance ETF (NASDAQ:KBWP) saw a large growth in short interest during the month of September. As of September 15th, there was short interest totaling 25,001 shares, a growth of 166.1% from the August 31st total of 9,396 shares. Based on an average daily trading volume, of 17,716 shares, the days-to-cover ratio is presently 1.4 days. Currently, 1.1% of the company’s shares are sold short.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. RM Financial Services LLC purchased a new stake in Invesco KBW Property & Casualty Insurance ETF in the 4th quarter worth approximately $2,991,000. Vanguard Capital Wealth Advisors bought a new position in shares of Invesco KBW Property & Casualty Insurance ETF during the second quarter valued at approximately $659,000. Cetera Investment Advisers raised its holdings in shares of Invesco KBW Property & Casualty Insurance ETF by 15.6% during the first quarter. Cetera Investment Advisers now owns 62,098 shares of the company’s stock valued at $7,389,000 after acquiring an additional 8,381 shares in the last quarter. NewEdge Advisors LLC lifted its stake in Invesco KBW Property & Casualty Insurance ETF by 22.8% in the second quarter. NewEdge Advisors LLC now owns 4,924 shares of the company’s stock worth $624,000 after acquiring an additional 913 shares during the period. Finally, Kestra Advisory Services LLC lifted its stake in Invesco KBW Property & Casualty Insurance ETF by 2.8% in the first quarter. Kestra Advisory Services LLC now owns 16,600 shares of the company’s stock worth $1,975,000 after acquiring an additional 448 shares during the period.

Invesco KBW Property & Casualty Insurance ETF Price Performance

KBWP traded down $0.35 during trading on Monday, hitting $123.49. 4,608 shares of the stock traded hands, compared to its average volume of 16,600. The firm has a market capitalization of $274.15 million, a P/E ratio of 13.50 and a beta of 0.38. Invesco KBW Property & Casualty Insurance ETF has a 12-month low of $114.62 and a 12-month high of $140.37. The firm has a 50-day moving average of $132.72 and a 200 day moving average of $125.77.

Invesco KBW Property & Casualty Insurance ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 25th. Stockholders of record on Monday, September 21st were issued a dividend of $0.3599 per share. This is a decrease from Invesco KBW Property & Casualty Insurance ETF’s previous quarterly dividend of $0.4994. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date was Monday, September 21st.

About Invesco KBW Property & Casualty Insurance ETF

The Invesco KBW Property & Casualty Insurance ETF (KBWP) is an exchange-traded fund that mostly invests in financials equity. The fund tracks a modified market-cap-weighted index focused exclusively on property & casualty insurance companies in the US. KBWP was launched on Dec 2, 2010 and is managed by Invesco.