Invesco KBW High Dividend Yield Financial ETF (NASDAQ:KBWD) Sees Significant Growth in Short Interest

Invesco KBW High Dividend Yield Financial ETF (NASDAQ:KBWD) saw a significant growth in short interest during the month of December. As of December 15th, there was short interest totalling 748,500 shares, a growth of 50.5% from the November 30th total of 497,200 shares. Based on an average daily trading volume, of 202,200 shares, the short-interest ratio is presently 3.7 days.

Invesco KBW High Dividend Yield Financial ETF Stock Performance

Shares of NASDAQ KBWD traded down $0.10 during mid-day trading on Monday, reaching $14.52. 979,782 shares of the company traded hands, compared to its average volume of 151,361. The company’s fifty day moving average is $15.08 and its two-hundred day moving average is $15.20. Invesco KBW High Dividend Yield Financial ETF has a fifty-two week low of $14.34 and a fifty-two week high of $16.38. The stock has a market cap of $378.54 million, a PE ratio of 8.21 and a beta of 1.40.

Invesco KBW High Dividend Yield Financial ETF Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, December 27th. Shareholders of record on Monday, December 23rd were issued a dividend of $0.1447 per share. The ex-dividend date of this dividend was Monday, December 23rd.

Hedge Funds Weigh In On Invesco KBW High Dividend Yield Financial ETF

A number of institutional investors have recently modified their holdings of the company. Commonwealth Equity Services LLC increased its position in Invesco KBW High Dividend Yield Financial ETF by 11.6% in the 2nd quarter. Commonwealth Equity Services LLC now owns 61,361 shares of the company’s stock worth $923,000 after buying an additional 6,378 shares during the period. Farther Finance Advisors LLC lifted its position in shares of Invesco KBW High Dividend Yield Financial ETF by 46.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 10,748 shares of the company’s stock worth $164,000 after acquiring an additional 3,412 shares during the period. Mattson Financial Services LLC acquired a new position in shares of Invesco KBW High Dividend Yield Financial ETF in the second quarter valued at $45,000. CWM LLC lifted its holdings in shares of Invesco KBW High Dividend Yield Financial ETF by 5.3% during the 3rd quarter. CWM LLC now owns 29,781 shares of the company’s stock worth $455,000 after acquiring an additional 1,507 shares during the period. Finally, Good Life Advisors LLC bought a new position in Invesco KBW High Dividend Yield Financial ETF during the third quarter worth about $266,000.

Invesco KBW High Dividend Yield Financial ETF Company Profile

The Invesco KBW High Dividend Yield Financial ETF (KBWD) is an exchange-traded fund that mostly invests in financials equity. The fund tracks a dividend-yield-weighted index of US financial firms. KBWD was launched on Dec 2, 2010 and is managed by Invesco.