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

Invesco KBW Bank ETF (NASDAQ:KBWB) saw a large decrease in short interest in August. As of August 31st, there was short interest totalling 1,820,000 shares, a decrease of 10.8% from the August 15th total of 2,040,000 shares. Based on an average trading volume of 841,600 shares, the days-to-cover ratio is currently 2.2 days.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of KBWB. Fifth Third Securities Inc. grew its holdings in Invesco KBW Bank ETF by 4.7% in the 2nd quarter. Fifth Third Securities Inc. now owns 4,214 shares of the company’s stock valued at $225,000 after buying an additional 191 shares during the last quarter. Trust Co. of Vermont grew its holdings in shares of Invesco KBW Bank ETF by 105.3% during the 4th quarter. Trust Co. of Vermont now owns 616 shares of the company’s stock worth $30,000 after purchasing an additional 316 shares in the last quarter. Janney Montgomery Scott LLC increased its position in shares of Invesco KBW Bank ETF by 3.9% during the fourth quarter. Janney Montgomery Scott LLC now owns 10,168 shares of the company’s stock valued at $500,000 after purchasing an additional 379 shares during the period. PNC Financial Services Group Inc. acquired a new position in shares of Invesco KBW Bank ETF in the fourth quarter valued at $37,000. Finally, International Assets Investment Management LLC bought a new position in Invesco KBW Bank ETF in the second quarter worth $43,000.

Invesco KBW Bank ETF Stock Performance

Shares of NASDAQ KBWB traded down $0.03 during mid-day trading on Wednesday, reaching $57.79. 118,047 shares of the company traded hands, compared to its average volume of 814,715. Invesco KBW Bank ETF has a fifty-two week low of $36.51 and a fifty-two week high of $59.68. The stock has a market cap of $1.67 billion, a PE ratio of 10.69 and a beta of 1.19. The company’s fifty day moving average is $57.05 and its two-hundred day moving average is $54.18.

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. The ex-dividend date was Monday, June 24th. This represents a $1.59 annualized dividend and a yield of 2.76%.

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.