Invesco KBW Bank ETF (NASDAQ:KBWB) Sees Significant Increase in Short Interest

Invesco KBW Bank ETF (NASDAQ:KBWB) was the recipient of 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 presently 1.1 days.

Invesco KBW Bank ETF Stock Up 1.3 %

Shares of Invesco KBW Bank ETF stock traded up $0.87 on Friday, hitting $69.91. The stock had a trading volume of 3,773,468 shares, compared to its average volume of 1,907,861. The stock has a market cap of $3.04 billion, a price-to-earnings ratio of 10.69 and a beta of 1.19. The business’s 50 day moving average is $67.89 and its two-hundred day moving average is $61.74. Invesco KBW Bank ETF has a twelve month low of $46.53 and a twelve month high of $71.78.

Invesco KBW Bank ETF Announces Dividend

The business also recently announced a dividend, which was paid on Friday, December 27th. Stockholders of record on Monday, December 23rd were given a dividend of $0.3601 per share. The ex-dividend date was Monday, December 23rd.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of KBWB. Capital Performance Advisors LLP bought a new stake in shares of Invesco KBW Bank ETF during the third quarter worth $29,000. Private Trust Co. NA lifted its position in shares of Invesco KBW Bank ETF by 88.7% during the 3rd quarter. Private Trust Co. NA now owns 566 shares of the company’s stock valued at $33,000 after acquiring an additional 266 shares during the period. HM Payson & Co. bought a new position in shares of Invesco KBW Bank ETF during the 3rd quarter worth about $68,000. FMR LLC raised its stake in Invesco KBW Bank ETF by 32.3% during the 3rd quarter. FMR LLC now owns 2,108 shares of the company’s stock worth $124,000 after buying an additional 515 shares during the period. Finally, Finley Financial LLC bought a new stake in shares of Invesco KBW Bank ETF during the fourth quarter valued at approximately $156,000.

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.