Invesco KBW Property & Casualty Insurance ETF (NASDAQ:KBWP) Short Interest Update

Invesco KBW Property & Casualty Insurance ETF (NASDAQ:KBWP) was the recipient of a significant increase in short interest in November. As of November 15th, there was short interest totalling 35,700 shares, an increase of 32.7% from the October 31st total of 26,900 shares. Based on an average daily volume of 63,800 shares, the days-to-cover ratio is presently 0.6 days.

Invesco KBW Property & Casualty Insurance ETF Stock Down 0.0 %

NASDAQ:KBWP opened at $126.38 on Monday. Invesco KBW Property & Casualty Insurance ETF has a twelve month low of $88.03 and a twelve month high of $127.17. The firm has a market capitalization of $473.93 million, a price-to-earnings ratio of 19.40 and a beta of 0.66. The stock’s 50 day moving average price is $118.31 and its two-hundred day moving average price is $111.23.

Invesco KBW Property & Casualty Insurance ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Monday, September 23rd were paid a $0.342 dividend. The ex-dividend date of this dividend was Monday, September 23rd. This represents a $1.37 dividend on an annualized basis and a yield of 1.08%. This is a boost from Invesco KBW Property & Casualty Insurance ETF’s previous quarterly dividend of $0.31.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. FMR LLC lifted its stake in Invesco KBW Property & Casualty Insurance ETF by 196.3% in the 3rd quarter. FMR LLC now owns 791 shares of the company’s stock valued at $91,000 after purchasing an additional 524 shares during the last quarter. AdvisorNet Financial Inc boosted its stake in shares of Invesco KBW Property & Casualty Insurance ETF by 8.5% during the 2nd quarter. AdvisorNet Financial Inc now owns 1,323 shares of the company’s stock worth $135,000 after acquiring an additional 104 shares during the period. Prospera Financial Services Inc acquired a new position in shares of Invesco KBW Property & Casualty Insurance ETF during the 3rd quarter worth approximately $219,000. WBI Investments LLC raised its stake in Invesco KBW Property & Casualty Insurance ETF by 6.7% in the 2nd quarter. WBI Investments LLC now owns 2,231 shares of the company’s stock valued at $229,000 after acquiring an additional 140 shares during the period. Finally, Hudock Inc. acquired a new stake in Invesco KBW Property & Casualty Insurance ETF during the 2nd quarter valued at $240,000.

About Invesco KBW Property & Casualty Insurance ETF

The Invesco KBW Property & Casualty Insurance ETF (KBWP) is an exchange-traded fund that mostly invests in financials equity. The fund tracks a modified market-cap-weighted index focused exclusively on property & casualty insurance companies in the US. KBWP was launched on Dec 2, 2010 and is managed by Invesco.