Invesco KBW Bank ETF (NASDAQ:KBWB) Short Interest Update

Invesco KBW Bank ETF (NASDAQ:KBWB) saw a significant growth in short interest in the month of December. As of December 31st, there was short interest totalling 1,410,000 shares, a growth of 30.6% from the December 15th total of 1,080,000 shares. Based on an average daily trading volume, of 1,262,100 shares, the short-interest ratio is currently 1.1 days.

Invesco KBW Bank ETF Trading Up 1.3 %

Shares of NASDAQ KBWB traded up $0.87 during midday trading on Friday, hitting $69.91. 3,773,468 shares of the company’s stock were exchanged, compared to its average volume of 1,907,861. The business’s fifty day moving average price is $67.89 and its two-hundred day moving average price is $61.74. The company has a market cap of $3.04 billion, a price-to-earnings ratio of 10.69 and a beta of 1.19. Invesco KBW Bank ETF has a 12-month low of $46.53 and a 12-month high of $71.78.

Invesco KBW Bank ETF Announces Dividend

The company also recently announced a dividend, which was paid on Friday, December 27th. Investors of record on Monday, December 23rd were paid a $0.3601 dividend. The ex-dividend date was Monday, December 23rd.

Hedge Funds Weigh In On Invesco KBW Bank ETF

A number of large investors have recently modified their holdings of KBWB. Fiduciary Trust Co purchased a new stake in Invesco KBW Bank ETF in the third quarter worth approximately $27,113,000. Wharton Business Group LLC boosted its stake in shares of Invesco KBW Bank ETF by 27.4% in the 3rd quarter. Wharton Business Group LLC now owns 1,987,535 shares of the company’s stock valued at $116,489,000 after purchasing an additional 427,872 shares in the last quarter. Fisher Asset Management LLC grew its holdings in shares of Invesco KBW Bank ETF by 11.6% during the 3rd quarter. Fisher Asset Management LLC now owns 2,529,651 shares of the company’s stock valued at $148,263,000 after purchasing an additional 262,800 shares during the last quarter. Good Life Advisors LLC purchased a new position in Invesco KBW Bank ETF in the 3rd quarter worth $7,819,000. Finally, Envestnet Asset Management Inc. lifted its stake in Invesco KBW Bank ETF by 908.4% in the second quarter. Envestnet Asset Management Inc. now owns 138,908 shares of the company’s stock worth $7,432,000 after purchasing an additional 125,133 shares during the last quarter.

About Invesco KBW Bank ETF

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.