SPDR KBW Regional Banking (KRE) Sees Large Decline in Short Interest
SPDR KBW Regional Banking (NYSE:KRE) was the recipient of a significant drop in short interest in June. As of June 30th, there was short interest totalling 20,597,982 shares, a drop of 18.2% from the June 15th total of 25,193,484 shares. Based on an average daily trading volume, of 6,268,666 shares, the short-interest ratio is presently 3.3 days.
Shares of SPDR KBW Regional Banking (KRE) opened at 54.85 on Wednesday. SPDR KBW Regional Banking has a one year low of $39.15 and a one year high of $59.68. The company’s 50-day moving average is $54.39 and its 200-day moving average is $54.91.
The company also recently announced a quarterly dividend, which was paid on Monday, June 26th. Shareholders of record on Tuesday, June 20th were paid a $0.199 dividend. This represents a $0.80 annualized dividend and a yield of 1.45%. The ex-dividend date of this dividend was Friday, June 16th. This is an increase from SPDR KBW Regional Banking’s previous quarterly dividend of $0.17.
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SPDR KBW Regional Banking Company Profile
SPDR KBW Regional Banking ETF, formerly SPDR S&P Regional Banking ETF, seeks to closely match the returns and characteristics of the S&P Regional Banks Select Industry Index. Its approach is designed to provide portfolios with low portfolio turnover, tracking, and lower costs. As of October 27, 2011, the Company’s holding included Privatebancorp Inc, Webster Finl Corp Conn, Umpqua Hldgs Corp, Firstmerit Corp, East West Bancorp Inc, Fifth Third Bancorp, Fnb Corp Pa, Susquehanna Bancshares Inc and Keycorp New and First Rep Bk San Fran Cali.
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