PowerShares KBW Bank Portfolio (KBWB) Short Interest Down 40.4% in January

PowerShares KBW Bank Portfolio (NASDAQ:KBWB) was the recipient of a significant drop in short interest during the month of January. As of January 31st, there was short interest totalling 1,047,321 shares, a drop of 40.4% from the January 12th total of 1,758,587 shares. Based on an average daily trading volume, of 471,289 shares, the short-interest ratio is presently 2.2 days.

PowerShares KBW Bank Portfolio (KBWB) opened at $55.86 on Monday. PowerShares KBW Bank Portfolio has a 1-year low of $45.34 and a 1-year high of $60.38.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Bronfman E.L. Rothschild L.P. bought a new position in shares of PowerShares KBW Bank Portfolio during the 4th quarter valued at about $100,000. SeaCrest Wealth Management LLC bought a new position in shares of PowerShares KBW Bank Portfolio during the 4th quarter valued at about $110,000. IndexIQ Advisors LLC lifted its holdings in shares of PowerShares KBW Bank Portfolio by 193.3% during the 3rd quarter. IndexIQ Advisors LLC now owns 4,141 shares of the company’s stock valued at $213,000 after purchasing an additional 2,729 shares in the last quarter. Private Advisor Group LLC bought a new position in shares of PowerShares KBW Bank Portfolio during the 3rd quarter valued at about $214,000. Finally, Broadleaf Partners LLC bought a new position in shares of PowerShares KBW Bank Portfolio during the 4th quarter valued at about $245,000.

ILLEGAL ACTIVITY NOTICE: This report was originally reported by American Banking News and is owned by of American Banking News. If you are reading this report on another website, it was stolen and reposted in violation of U.S. & international copyright and trademark legislation. The correct version of this report can be accessed at https://www.americanbankingnews.com/2018/02/12/powershares-kbw-bank-portfolio-kbwb-short-interest-down-40-4-in-january.html.

Receive News & Ratings for PowerShares KBW Bank Portfolio Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PowerShares KBW Bank Portfolio and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply