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

Invesco KBW Bank ETF (NASDAQ:KBWB) saw a large decline in short interest during the month of December. As of December 15th, there was short interest totalling 1,080,000 shares, a decline of 22.3% from the November 30th total of 1,390,000 shares. Based on an average trading volume of 1,210,400 shares, the short-interest ratio is presently 0.9 days.

Invesco KBW Bank ETF Stock Down 0.8 %

NASDAQ KBWB traded down $0.55 on Friday, reaching $65.79. The company had a trading volume of 597,317 shares, compared to its average volume of 918,154. Invesco KBW Bank ETF has a 52 week low of $46.53 and a 52 week high of $71.78. The stock’s 50 day moving average is $67.01 and its 200-day moving average is $60.40. The stock has a market cap of $2.01 billion, a price-to-earnings ratio of 10.69 and a beta of 1.19.

Invesco KBW Bank ETF Announces Dividend

The business also recently declared a dividend, which was paid on Friday, December 27th. Stockholders of record on Monday, December 23rd were paid a $0.3601 dividend. The ex-dividend date of this dividend was Monday, December 23rd.

Institutional Investors Weigh In On Invesco KBW Bank ETF

Several hedge funds have recently bought and sold shares of the company. Private Trust Co. NA lifted its holdings in Invesco KBW Bank ETF by 88.7% during the third quarter. Private Trust Co. NA now owns 566 shares of the company’s stock worth $33,000 after acquiring an additional 266 shares in the last quarter. Capital Performance Advisors LLP bought a new position in shares of Invesco KBW Bank ETF during the 3rd quarter valued at about $29,000. FMR LLC grew its position in shares of Invesco KBW Bank ETF by 32.3% in the 3rd quarter. FMR LLC now owns 2,108 shares of the company’s stock valued at $124,000 after purchasing an additional 515 shares during the period. International Assets Investment Management LLC acquired a new position in shares of Invesco KBW Bank ETF in the 2nd quarter valued at approximately $43,000. Finally, Addison Advisors LLC increased its stake in Invesco KBW Bank ETF by 3.6% during the 3rd quarter. Addison Advisors LLC now owns 28,194 shares of the company’s stock worth $1,652,000 after purchasing an additional 972 shares in the last quarter.

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.