Invesco KBW High Dividend Yield Financial ETF (NASDAQ:KBWD – Get Free Report) was the recipient of a significant growth in short interest during the month of July. As of July 31st, there was short interest totalling 383,800 shares, a growth of 31.3% from the July 15th total of 292,200 shares. Based on an average daily volume of 126,900 shares, the days-to-cover ratio is currently 3.0 days.
Invesco KBW High Dividend Yield Financial ETF Price Performance
NASDAQ KBWD traded up $0.19 during trading hours on Thursday, reaching $15.06. The company’s stock had a trading volume of 179,377 shares, compared to its average volume of 128,081. The firm has a fifty day simple moving average of $15.33 and a 200-day simple moving average of $15.23. Invesco KBW High Dividend Yield Financial ETF has a 52 week low of $13.04 and a 52 week high of $16.38. The stock has a market cap of $375.75 million, a P/E ratio of 8.21 and a beta of 1.40.
Invesco KBW High Dividend Yield Financial ETF Increases Dividend
The firm also recently declared a monthly dividend, which was paid on Friday, July 26th. Stockholders of record on Monday, July 22nd were paid a dividend of $0.167 per share. The ex-dividend date was Monday, July 22nd. This represents a $2.00 annualized dividend and a dividend yield of 13.31%. This is an increase from Invesco KBW High Dividend Yield Financial ETF’s previous monthly dividend of $0.17.
Hedge Funds Weigh In On Invesco KBW High Dividend Yield Financial ETF
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.
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