Invesco KBW Bank ETF (NASDAQ:KBWB) Short Interest Up 10.9% in June

Invesco KBW Bank ETF (NASDAQ:KBWB) was the recipient of a significant growth in short interest during the month of June. As of June 15th, there was short interest totalling 3,980,000 shares, a growth of 10.9% from the May 31st total of 3,590,000 shares. Based on an average trading volume of 599,600 shares, the days-to-cover ratio is presently 6.6 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Trust Co. of Vermont boosted its holdings in Invesco KBW Bank ETF by 105.3% in the fourth quarter. Trust Co. of Vermont now owns 616 shares of the company’s stock valued at $30,000 after acquiring an additional 316 shares during the last quarter. PNC Financial Services Group Inc. acquired a new position in Invesco KBW Bank ETF in the fourth quarter valued at $37,000. Capital Analysts LLC boosted its holdings in Invesco KBW Bank ETF by 6,779.5% in the fourth quarter. Capital Analysts LLC now owns 2,683 shares of the company’s stock valued at $132,000 after acquiring an additional 2,644 shares during the last quarter. Satovsky Asset Management LLC acquired a new position in Invesco KBW Bank ETF in the first quarter valued at $203,000. Finally, Caprock Group LLC acquired a new position in shares of Invesco KBW Bank ETF during the first quarter worth about $208,000.

Invesco KBW Bank ETF Trading Up 1.1 %

Shares of Invesco KBW Bank ETF stock opened at $54.45 on Wednesday. Invesco KBW Bank ETF has a twelve month low of $36.51 and a twelve month high of $55.44. The stock has a market capitalization of $1.61 billion, a P/E ratio of 10.69 and a beta of 1.19. The business’s fifty day moving average price is $53.25 and its 200 day moving average price is $51.11.

Invesco KBW Bank ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Monday, June 24th were issued a $0.3984 dividend. This represents a $1.59 dividend on an annualized basis and a yield of 2.93%. The ex-dividend date of this dividend was Monday, June 24th.

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.