Invesco KBW Property & Casualty Insurance ETF (NASDAQ:KBWP) Short Interest Down 55.4% in December

Invesco KBW Property & Casualty Insurance ETF (NASDAQ:KBWP) saw a large decrease in short interest in the month of December. As of December 31st, there was short interest totalling 23,300 shares, a decrease of 55.4% from the December 15th total of 52,200 shares. Based on an average daily volume of 29,400 shares, the days-to-cover ratio is currently 0.8 days.

Invesco KBW Property & Casualty Insurance ETF Stock Performance

KBWP traded up $2.14 during midday trading on Tuesday, reaching $112.95. 81,738 shares of the company were exchanged, compared to its average volume of 50,467. The stock has a market capitalization of $442.76 million, a P/E ratio of 19.40 and a beta of 0.66. Invesco KBW Property & Casualty Insurance ETF has a one year low of $92.44 and a one year high of $127.17. The stock’s 50-day simple moving average is $119.12 and its 200 day simple moving average is $114.13.

Invesco KBW Property & Casualty Insurance ETF Dividend Announcement

The company also recently disclosed a dividend, which was paid on Friday, December 27th. Investors of record on Monday, December 23rd were issued a dividend of $0.7787 per share. The ex-dividend date was Monday, December 23rd.

Institutional Investors Weigh In On Invesco KBW Property & Casualty Insurance ETF

Large investors have recently bought and sold shares of the company. FMR LLC lifted its holdings in shares of Invesco KBW Property & Casualty Insurance ETF by 196.3% during the 3rd quarter. FMR LLC now owns 791 shares of the company’s stock valued at $91,000 after purchasing an additional 524 shares in the last quarter. Prospera Financial Services Inc acquired a new stake in Invesco KBW Property & Casualty Insurance ETF during the 3rd quarter worth approximately $219,000. MinichMacGregor Wealth Management LLC bought a new position in Invesco KBW Property & Casualty Insurance ETF in the third quarter valued at approximately $344,000. Jane Street Group LLC lifted its stake in Invesco KBW Property & Casualty Insurance ETF by 11.9% in the third quarter. Jane Street Group LLC now owns 3,923 shares of the company’s stock valued at $453,000 after buying an additional 418 shares in the last quarter. Finally, Hennion & Walsh Asset Management Inc. acquired a new position in shares of Invesco KBW Property & Casualty Insurance ETF in the third quarter valued at approximately $489,000.

Invesco KBW Property & Casualty Insurance ETF Company Profile

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.