Invesco KBW Bank ETF (NASDAQ:KBWB – Get Free Report) 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
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.
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