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

Invesco KBW High Dividend Yield Financial ETF (NASDAQ:KBWD) saw a significant drop in short interest in January. As of January 31st, there was short interest totalling 562,600 shares, a drop of 25.4% from the January 15th total of 754,600 shares. Based on an average daily trading volume, of 234,000 shares, the short-interest ratio is presently 2.4 days.

Invesco KBW High Dividend Yield Financial ETF Stock Performance

Invesco KBW High Dividend Yield Financial ETF stock opened at $15.41 on Friday. The stock has a fifty day moving average of $14.93 and a two-hundred day moving average of $15.09. The company has a market capitalization of $434.56 million, a price-to-earnings ratio of 8.21 and a beta of 1.40. Invesco KBW High Dividend Yield Financial ETF has a fifty-two week low of $14.12 and a fifty-two week high of $16.38.

Invesco KBW High Dividend Yield Financial ETF Increases Dividend

The firm also recently disclosed a dividend, which was paid on Friday, January 24th. Stockholders of record on Tuesday, January 21st were issued a dividend of $0.1452 per share. This is a boost from Invesco KBW High Dividend Yield Financial ETF’s previous dividend of $0.14. The ex-dividend date was Tuesday, January 21st.

Institutional Investors Weigh In On Invesco KBW High Dividend Yield Financial ETF

Several hedge funds have recently made changes to their positions in the business. National Bank of Canada FI acquired a new position in Invesco KBW High Dividend Yield Financial ETF in the fourth quarter valued at $29,000. Founders Financial Alliance LLC increased its holdings in Invesco KBW High Dividend Yield Financial ETF by 10.1% in the fourth quarter. Founders Financial Alliance LLC now owns 7,490 shares of the company’s stock valued at $110,000 after buying an additional 687 shares during the last quarter. Advyzon Investment Management LLC bought a new stake in Invesco KBW High Dividend Yield Financial ETF in the fourth quarter valued at about $151,000. IFP Advisors Inc boosted its stake in Invesco KBW High Dividend Yield Financial ETF by 23.5% in the fourth quarter. IFP Advisors Inc now owns 10,750 shares of the company’s stock valued at $158,000 after acquiring an additional 2,048 shares during the period. Finally, Farther Finance Advisors LLC boosted its stake in Invesco KBW High Dividend Yield Financial ETF by 46.5% in the third quarter. Farther Finance Advisors LLC now owns 10,748 shares of the company’s stock valued at $164,000 after acquiring an additional 3,412 shares during the period.

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.