Short Interest in Invesco KBW High Dividend Yield Financial ETF (NASDAQ:KBWD) Grows By 50.5%

Invesco KBW High Dividend Yield Financial ETF (NASDAQ:KBWD) was the target of a large increase in short interest in December. As of December 15th, there was short interest totalling 748,500 shares, an increase of 50.5% from the November 30th total of 497,200 shares. Based on an average daily trading volume, of 202,200 shares, the days-to-cover ratio is presently 3.7 days.

Invesco KBW High Dividend Yield Financial ETF Price Performance

KBWD traded down $0.07 during midday trading on Friday, hitting $14.62. 237,179 shares of the company’s stock traded hands, compared to its average volume of 148,047. The company has a market cap of $381.14 million, a PE ratio of 8.21 and a beta of 1.40. The stock’s fifty day simple moving average is $15.09 and its 200-day simple moving average is $15.21. Invesco KBW High Dividend Yield Financial ETF has a one year low of $14.34 and a one year high of $16.38.

Invesco KBW High Dividend Yield Financial ETF Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Friday, December 27th. Investors of record on Monday, December 23rd were paid a $0.1447 dividend. The ex-dividend date of this dividend was Monday, December 23rd.

Hedge Funds Weigh In On Invesco KBW High Dividend Yield Financial ETF

Several hedge funds have recently bought and sold shares of the business. CWM LLC lifted its position in shares of Invesco KBW High Dividend Yield Financial ETF by 5.3% in the third quarter. CWM LLC now owns 29,781 shares of the company’s stock worth $455,000 after buying an additional 1,507 shares during the last quarter. Mattson Financial Services LLC bought a new stake in shares of Invesco KBW High Dividend Yield Financial ETF during the 2nd quarter worth $45,000. Endowment Wealth Management Inc. raised its holdings in Invesco KBW High Dividend Yield Financial ETF by 10.2% in the 2nd quarter. Endowment Wealth Management Inc. now owns 35,742 shares of the company’s stock worth $538,000 after acquiring an additional 3,321 shares during the period. Farther Finance Advisors LLC boosted its holdings in Invesco KBW High Dividend Yield Financial ETF by 46.5% during the third quarter. Farther Finance Advisors LLC now owns 10,748 shares of the company’s stock valued at $164,000 after acquiring an additional 3,412 shares during the period. Finally, Commonwealth Equity Services LLC increased its stake in shares of Invesco KBW High Dividend Yield Financial ETF by 11.6% in the second quarter. Commonwealth Equity Services LLC now owns 61,361 shares of the company’s stock worth $923,000 after purchasing an additional 6,378 shares during the period.

Invesco KBW High Dividend Yield Financial ETF Company Profile

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.