Invesco KBW Bank ETF (NASDAQ:KBWB) Short Interest Update

Invesco KBW Bank ETF (NASDAQ:KBWB) was the recipient of a large drop in short interest in the month of July. As of July 15th, there was short interest totalling 1,750,000 shares, a drop of 53.5% from the June 30th total of 3,760,000 shares. Based on an average trading volume of 689,100 shares, the days-to-cover ratio is presently 2.5 days.

Invesco KBW Bank ETF Stock Performance

Invesco KBW Bank ETF stock traded up $0.56 during trading on Friday, reaching $59.10. The company had a trading volume of 387,265 shares, compared to its average volume of 821,502. The firm’s 50-day simple moving average is $54.31 and its 200 day simple moving average is $52.03. Invesco KBW Bank ETF has a 1-year low of $36.51 and a 1-year high of $59.34. The firm has a market capitalization of $1.71 billion, a PE ratio of 10.69 and a beta of 1.19.

Invesco KBW Bank ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Monday, June 24th were paid a $0.3984 dividend. The ex-dividend date was Monday, June 24th. This represents a $1.59 dividend on an annualized basis and a yield of 2.70%.

Institutional Investors Weigh In On Invesco KBW Bank ETF

A number of institutional investors have recently added to or reduced their stakes in the stock. Fifth Third Securities Inc. grew its stake 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 acquiring an additional 191 shares during the period. Truist Financial Corp boosted its stake in Invesco KBW Bank ETF by 1.4% during the 4th quarter. Truist Financial Corp now owns 19,497 shares of the company’s stock worth $959,000 after purchasing an additional 278 shares during the last quarter. Trust Co. of Vermont boosted its stake in 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 during the last quarter. Janney Montgomery Scott LLC boosted its stake in Invesco KBW Bank ETF by 3.9% during the 4th quarter. Janney Montgomery Scott LLC now owns 10,168 shares of the company’s stock worth $500,000 after purchasing an additional 379 shares during the last quarter. Finally, PNC Financial Services Group Inc. acquired a new stake in Invesco KBW Bank ETF during the 4th quarter worth $37,000.

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.