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

Invesco KBW Bank ETF (NASDAQ:KBWB) was the target of a large growth in short interest in March. As of March 31st, there was short interest totalling 3,070,000 shares, a growth of 5.1% from the March 15th total of 2,920,000 shares. Based on an average trading volume of 898,100 shares, the days-to-cover ratio is currently 3.4 days.

Hedge Funds Weigh In On Invesco KBW Bank ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. PNC Financial Services Group Inc. bought a new position in Invesco KBW Bank ETF in the 1st quarter valued at approximately $29,000. Trust Co. of Vermont lifted its holdings in shares of Invesco KBW Bank ETF by 105.3% during the 4th quarter. Trust Co. of Vermont now owns 616 shares of the company’s stock valued at $30,000 after buying an additional 316 shares during the period. Comerica Bank bought a new position in shares of Invesco KBW Bank ETF during the 3rd quarter valued at $25,000. Farther Finance Advisors LLC bought a new position in shares of Invesco KBW Bank ETF during the 2nd quarter valued at $41,000. Finally, Concourse Financial Group Securities Inc. lifted its holdings in shares of Invesco KBW Bank ETF by 1,000.0% during the 3rd quarter. Concourse Financial Group Securities Inc. now owns 1,210 shares of the company’s stock valued at $48,000 after buying an additional 1,100 shares during the period.

Invesco KBW Bank ETF Trading Up 0.3 %

KBWB stock opened at $50.39 on Tuesday. The stock has a market capitalization of $1.42 billion, a PE ratio of 10.44 and a beta of 1.19. Invesco KBW Bank ETF has a 12-month low of $36.19 and a 12-month high of $53.79. The stock’s 50 day simple moving average is $50.61 and its 200 day simple moving average is $46.45.

Invesco KBW Bank ETF Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Tuesday, March 19th were given a $0.4265 dividend. The ex-dividend date was Monday, March 18th. This represents a $1.71 annualized dividend and a yield of 3.39%.

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.