PowerShares KBW Bank Portfolio (NASDAQ:KBWB) was the recipient of a large decline in short interest in the month of August. As of August 31st, there was short interest totalling 373,653 shares, a decline of 45.7% from the August 15th total of 688,686 shares. Based on an average daily volume of 362,388 shares, the days-to-cover ratio is currently 1.0 days.

PowerShares KBW Bank Portfolio (NASDAQ KBWB) opened at 48.54 on Friday. The stock has a 50 day moving average price of $48.68 and a 200-day moving average price of $48.20. PowerShares KBW Bank Portfolio has a one year low of $35.58 and a one year high of $51.45.

Several hedge funds have recently bought and sold shares of the company. Oppenheimer Asset Management Inc. grew its position in shares of PowerShares KBW Bank Portfolio by 2.4% in the second quarter. Oppenheimer Asset Management Inc. now owns 12,107 shares of the company’s stock valued at $597,000 after purchasing an additional 289 shares in the last quarter. Cranbrook Wealth Management LLC purchased a new stake in shares of PowerShares KBW Bank Portfolio in the second quarter valued at approximately $101,000. New York State Common Retirement Fund grew its position in shares of PowerShares KBW Bank Portfolio by 0.9% in the second quarter. New York State Common Retirement Fund now owns 287,221 shares of the company’s stock valued at $14,171,000 after purchasing an additional 2,496 shares in the last quarter. Usca Ria LLC grew its position in shares of PowerShares KBW Bank Portfolio by 32.6% in the second quarter. Usca Ria LLC now owns 11,800 shares of the company’s stock valued at $582,000 after purchasing an additional 2,900 shares in the last quarter. Finally, Flagship Harbor Advisors LLC purchased a new stake in shares of PowerShares KBW Bank Portfolio in the second quarter valued at approximately $209,000.

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