Invesco KBW High Dividend Yield Financial ETF (NASDAQ:KBWD) Short Interest Update

Invesco KBW High Dividend Yield Financial ETF (NASDAQ:KBWD) 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

A number of hedge funds have recently modified their holdings of the business. ORG Partners LLC acquired a new stake in Invesco KBW High Dividend Yield Financial ETF in the second quarter valued at $66,000. Founders Financial Alliance LLC raised its position in shares of Invesco KBW High Dividend Yield Financial ETF by 45.4% during the fourth quarter. Founders Financial Alliance LLC now owns 4,835 shares of the company’s stock worth $77,000 after acquiring an additional 1,510 shares during the last quarter. Highlander Capital Management LLC lifted its stake in shares of Invesco KBW High Dividend Yield Financial ETF by 24.3% in the first quarter. Highlander Capital Management LLC now owns 5,245 shares of the company’s stock worth $81,000 after acquiring an additional 1,025 shares during the period. International Assets Investment Management LLC bought a new stake in Invesco KBW High Dividend Yield Financial ETF in the fourth quarter valued at approximately $261,000. Finally, CreativeOne Wealth LLC acquired a new stake in Invesco KBW High Dividend Yield Financial ETF during the 1st quarter valued at approximately $288,000.

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.