Short Interest in Invesco KBW High Dividend Yield Financial ETF (NASDAQ:KBWD) Drops By 17.9%

Invesco KBW High Dividend Yield Financial ETF (NASDAQ:KBWD) was the target of a significant drop in short interest in November. As of November 30th, there was short interest totalling 497,200 shares, a drop of 17.9% from the November 15th total of 605,500 shares. Based on an average daily trading volume, of 177,600 shares, the days-to-cover ratio is currently 2.8 days.

Institutional Investors Weigh In On Invesco KBW High Dividend Yield Financial ETF

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

Invesco KBW High Dividend Yield Financial ETF Price Performance

Shares of KBWD remained flat at $15.34 during trading hours on Friday. The stock had a trading volume of 305,964 shares, compared to its average volume of 142,087. The company has a market capitalization of $399.91 million, a P/E ratio of 8.21 and a beta of 1.40. The business’s 50 day moving average is $15.16 and its two-hundred day moving average is $15.24. 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 Dividend Announcement

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

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.