Invesco KBW Bank ETF (NASDAQ:KBWB) Short Interest Up 30.6% in December

Invesco KBW Bank ETF (NASDAQ:KBWB) was the target of a large growth in short interest in the month of December. As of December 31st, there was short interest totalling 1,410,000 shares, a growth of 30.6% from the December 15th total of 1,080,000 shares. Based on an average trading volume of 1,262,100 shares, the short-interest ratio is currently 1.1 days.

Invesco KBW Bank ETF Stock Performance

Invesco KBW Bank ETF stock traded up $0.87 during midday trading on Friday, reaching $69.91. 3,773,468 shares of the stock were exchanged, compared to its average volume of 1,907,861. The company’s fifty day moving average is $67.89 and its 200-day moving average is $61.74. The firm has a market cap of $3.04 billion, a PE ratio of 10.69 and a beta of 1.19. Invesco KBW Bank ETF has a 52 week low of $46.53 and a 52 week high of $71.78.

Invesco KBW Bank ETF Dividend Announcement

The business also recently declared a dividend, which was paid on Friday, December 27th. Shareholders of record on Monday, December 23rd were paid a $0.3601 dividend. The ex-dividend date was Monday, December 23rd.

Hedge Funds Weigh In On Invesco KBW Bank ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of KBWB. Fiduciary Trust Co purchased a new position in Invesco KBW Bank ETF in the 3rd quarter worth approximately $27,113,000. Wharton Business Group LLC grew its stake in Invesco KBW Bank ETF by 27.4% in the 3rd quarter. Wharton Business Group LLC now owns 1,987,535 shares of the company’s stock worth $116,489,000 after buying an additional 427,872 shares in the last quarter. Fisher Asset Management LLC grew its stake in Invesco KBW Bank ETF by 11.6% in the 3rd quarter. Fisher Asset Management LLC now owns 2,529,651 shares of the company’s stock worth $148,263,000 after buying an additional 262,800 shares in the last quarter. Good Life Advisors LLC purchased a new position in Invesco KBW Bank ETF in the 3rd quarter worth approximately $7,819,000. Finally, Envestnet Asset Management Inc. grew its stake in Invesco KBW Bank ETF by 908.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 138,908 shares of the company’s stock worth $7,432,000 after buying an additional 125,133 shares in the last quarter.

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.