Invesco KBW Bank ETF (NASDAQ:KBWB) Short Interest Up 13.3% in October

Invesco KBW Bank ETF (NASDAQ:KBWB) was the target of a significant growth in short interest in the month of October. As of October 15th, there was short interest totalling 1,530,000 shares, a growth of 13.3% from the September 30th total of 1,350,000 shares. Based on an average trading volume of 809,400 shares, the days-to-cover ratio is presently 1.9 days.

Invesco KBW Bank ETF Stock Performance

NASDAQ:KBWB traded down $0.68 on Thursday, hitting $62.53. 1,333,739 shares of the stock were exchanged, compared to its average volume of 806,408. Invesco KBW Bank ETF has a 52 week low of $37.35 and a 52 week high of $63.91. The stock has a market capitalization of $1.91 billion, a price-to-earnings ratio of 10.69 and a beta of 1.19. The company’s 50-day moving average price is $59.30 and its 200 day moving average price is $56.00.

Invesco KBW Bank ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Monday, September 23rd were issued a dividend of $0.424 per share. The ex-dividend date of this dividend was Monday, September 23rd. This represents a $1.70 dividend on an annualized basis and a yield of 2.71%. This is a boost from Invesco KBW Bank ETF’s previous quarterly dividend of $0.40.

Institutional Trading of Invesco KBW Bank ETF

A number of institutional investors and hedge funds have recently modified their holdings of KBWB. Hazlett Burt & Watson Inc. grew its holdings in Invesco KBW Bank ETF by 17.5% during the third quarter. Hazlett Burt & Watson Inc. now owns 16,542 shares of the company’s stock valued at $971,000 after purchasing an additional 2,461 shares during the period. Farther Finance Advisors LLC grew its holdings in shares of Invesco KBW Bank ETF by 712.2% in the 3rd quarter. Farther Finance Advisors LLC now owns 8,114 shares of the company’s stock valued at $476,000 after buying an additional 7,115 shares during the period. HM Payson & Co. bought a new stake in shares of Invesco KBW Bank ETF in the 3rd quarter valued at $68,000. Good Life Advisors LLC bought a new stake in shares of Invesco KBW Bank ETF in the 3rd quarter valued at $7,819,000. Finally, Magnus Financial Group LLC raised its stake in Invesco KBW Bank ETF by 132.8% during the 3rd quarter. Magnus Financial Group LLC now owns 12,292 shares of the company’s stock worth $720,000 after buying an additional 7,013 shares during the period.

Invesco KBW Bank ETF Company Profile

The Invesco KBW Bank ETF (KBWB) is an exchange-traded fund that is based on the KBW Nasdaq Bank index, a modified market-cap-weighted index of US banking firms. KBWB was launched on Nov 1, 2011 and is managed by Invesco.