Invesco KBW Bank ETF (NASDAQ:KBWB) Sees Significant Decline in Short Interest

Invesco KBW Bank ETF (NASDAQ:KBWB) was the target of a significant decrease in short interest in the month of March. As of March 31st, there was short interest totalling 3,730,000 shares, a decrease of 25.5% from the March 15th total of 5,010,000 shares. Based on an average daily volume of 2,428,000 shares, the short-interest ratio is currently 1.5 days. Currently, 6.5% of the shares of the company are sold short.

Invesco KBW Bank ETF Stock Up 1.0 %

Shares of NASDAQ KBWB opened at $56.76 on Friday. Invesco KBW Bank ETF has a 52 week low of $50.41 and a 52 week high of $72.39. The business’s 50 day moving average price is $62.91 and its 200 day moving average price is $65.38. The firm has a market cap of $3.26 billion, a P/E ratio of 11.19 and a beta of 1.19.

Invesco KBW Bank ETF Increases Dividend

The business also recently declared a dividend, which was paid on Friday, March 28th. Shareholders of record on Monday, March 24th were given a dividend of $0.4118 per share. This is an increase from Invesco KBW Bank ETF’s previous dividend of $0.36. The ex-dividend date of this dividend was Monday, March 24th.

Hedge Funds Weigh In On Invesco KBW Bank ETF

Institutional investors and hedge funds have recently modified their holdings of the stock. Simplex Trading LLC lifted its holdings in Invesco KBW Bank ETF by 15,427.8% in the fourth quarter. Simplex Trading LLC now owns 5,590 shares of the company’s stock valued at $365,000 after acquiring an additional 5,554 shares during the period. Private Advisor Group LLC acquired a new stake in Invesco KBW Bank ETF during the fourth quarter valued at $458,000. Raymond James Financial Inc. purchased a new position in Invesco KBW Bank ETF in the fourth quarter valued at $7,409,000. Jones Financial Companies Lllp increased its stake in shares of Invesco KBW Bank ETF by 143.5% in the 4th quarter. Jones Financial Companies Lllp now owns 2,876 shares of the company’s stock valued at $188,000 after purchasing an additional 1,695 shares in the last quarter. Finally, Guardian Partners Inc. purchased a new stake in shares of Invesco KBW Bank ETF in the fourth quarter valued at approximately $18,296,000.

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.