Invesco KBW Bank ETF (NASDAQ:KBWB) Sees Large Increase in Short Interest

Invesco KBW Bank ETF (NASDAQ:KBWB) was the recipient of a significant growth in short interest during the month of March. As of March 15th, there was short interest totalling 5,010,000 shares, a growth of 22.8% from the February 28th total of 4,080,000 shares. Approximately 8.4% of the company’s shares are sold short. Based on an average trading volume of 2,041,100 shares, the short-interest ratio is currently 2.5 days.

Invesco KBW Bank ETF Price Performance

Shares of Invesco KBW Bank ETF stock traded down $0.41 during trading on Tuesday, hitting $62.36. The company’s stock had a trading volume of 2,522,597 shares, compared to its average volume of 1,178,678. The stock has a market cap of $3.01 billion, a price-to-earnings ratio of 13.06 and a beta of 1.19. Invesco KBW Bank ETF has a 52 week low of $49.32 and a 52 week high of $72.39. The stock has a 50-day moving average price of $67.43 and a two-hundred day moving average price of $65.69.

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 $0.4118 dividend. The ex-dividend date was Monday, March 24th. This is a positive change from Invesco KBW Bank ETF’s previous dividend of $0.36.

Institutional Investors Weigh In On Invesco KBW Bank ETF

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Robertson Stephens Wealth Management LLC lifted its stake in shares of Invesco KBW Bank ETF by 1.7% in the fourth quarter. Robertson Stephens Wealth Management LLC now owns 10,504 shares of the company’s stock worth $686,000 after acquiring an additional 173 shares during the period. Wilmington Savings Fund Society FSB raised its holdings in Invesco KBW Bank ETF by 6.4% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 4,385 shares of the company’s stock worth $287,000 after purchasing an additional 264 shares during the last quarter. Integrated Wealth Concepts LLC lifted its position in shares of Invesco KBW Bank ETF by 6.5% in the 4th quarter. Integrated Wealth Concepts LLC now owns 5,283 shares of the company’s stock worth $345,000 after purchasing an additional 324 shares during the period. Addison Advisors LLC boosted its stake in shares of Invesco KBW Bank ETF by 1.7% in the 4th quarter. Addison Advisors LLC now owns 28,679 shares of the company’s stock valued at $1,874,000 after purchasing an additional 485 shares during the last quarter. Finally, FMR LLC increased its position in shares of Invesco KBW Bank ETF by 32.3% during the third quarter. FMR LLC now owns 2,108 shares of the company’s stock worth $124,000 after buying an additional 515 shares during the period.

Invesco KBW Bank ETF Company Profile

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.