Invesco KBW High Dividend Yield Financial ETF (NASDAQ:KBWD) Short Interest Up 8.1% in November

Invesco KBW High Dividend Yield Financial ETF (NASDAQ:KBWD) was the recipient of a large growth in short interest in November. As of November 15th, there was short interest totalling 605,500 shares, a growth of 8.1% from the October 31st total of 560,200 shares. Based on an average daily volume of 167,600 shares, the days-to-cover ratio is presently 3.6 days.

Invesco KBW High Dividend Yield Financial ETF Trading Down 1.0 %

Shares of NASDAQ KBWD opened at $15.31 on Wednesday. The stock’s 50-day moving average is $15.12 and its 200 day moving average is $15.25. The stock has a market cap of $399.13 million, a price-to-earnings ratio of 8.21 and a beta of 1.40. Invesco KBW High Dividend Yield Financial ETF has a 1-year low of $14.34 and a 1-year high of $16.38.

Invesco KBW High Dividend Yield Financial ETF Announces Dividend

The firm also recently disclosed a dividend, which was paid on Friday, November 22nd. Stockholders of record on Monday, November 18th were paid a $0.147 dividend. The ex-dividend date was Monday, November 18th.

Institutional Trading of Invesco KBW High Dividend Yield Financial ETF

Institutional investors have recently added to or reduced their stakes in the business. Gradient Investments LLC lifted its stake in shares of Invesco KBW High Dividend Yield Financial ETF by 18.4% in the 2nd quarter. Gradient Investments LLC now owns 394,431 shares of the company’s stock valued at $5,932,000 after acquiring an additional 61,271 shares during the last quarter. Commonwealth Equity Services LLC lifted its position in Invesco KBW High Dividend Yield Financial ETF by 11.6% in the second quarter. Commonwealth Equity Services LLC now owns 61,361 shares of the company’s stock valued at $923,000 after purchasing an additional 6,378 shares during the last quarter. Endowment Wealth Management Inc. boosted its stake in shares of Invesco KBW High Dividend Yield Financial ETF by 10.2% during the second quarter. Endowment Wealth Management Inc. now owns 35,742 shares of the company’s stock valued at $538,000 after purchasing an additional 3,321 shares during the period. CWM LLC grew its holdings in shares of Invesco KBW High Dividend Yield Financial ETF by 5.3% in the third quarter. CWM LLC now owns 29,781 shares of the company’s stock worth $455,000 after purchasing an additional 1,507 shares during the last quarter. Finally, Good Life Advisors LLC purchased a new position in shares of Invesco KBW High Dividend Yield Financial ETF in the third quarter worth $266,000.

About Invesco KBW High Dividend Yield Financial ETF

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.