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

Invesco KBW Bank ETF (NASDAQ:KBWB) was the target of a large growth in short interest during the month of February. As of February 15th, there was short interest totalling 4,550,000 shares, a growth of 50.2% from the January 31st total of 3,030,000 shares. Based on an average trading volume of 1,660,600 shares, the days-to-cover ratio is currently 2.7 days.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of KBWB. Clal Insurance Enterprises Holdings Ltd lifted its holdings in Invesco KBW Bank ETF by 961.2% in the fourth quarter. Clal Insurance Enterprises Holdings Ltd now owns 2,950,000 shares of the company’s stock worth $192,782,000 after acquiring an additional 2,672,000 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. raised its position in shares of Invesco KBW Bank ETF by 1,780,000.0% during the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 2,670,150 shares of the company’s stock worth $174,494,000 after purchasing an additional 2,670,000 shares during the period. Harel Insurance Investments & Financial Services Ltd. raised its position in shares of Invesco KBW Bank ETF by 129,166.7% during the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 620,480 shares of the company’s stock worth $40,548,000 after purchasing an additional 620,000 shares during the period. Fiduciary Trust Co acquired a new position in Invesco KBW Bank ETF during the 3rd quarter valued at approximately $27,113,000. Finally, Wharton Business Group LLC grew its stake in Invesco KBW Bank ETF by 27.4% during the 3rd quarter. Wharton Business Group LLC now owns 1,987,535 shares of the company’s stock worth $116,489,000 after buying an additional 427,872 shares during the last quarter.

Invesco KBW Bank ETF Price Performance

Shares of KBWB opened at $65.24 on Wednesday. The stock has a market capitalization of $3.15 billion, a PE ratio of 14.51 and a beta of 1.19. The business’s fifty day moving average price is $68.86 and its 200 day moving average price is $65.00. Invesco KBW Bank ETF has a 12-month low of $49.32 and a 12-month high of $72.39.

Invesco KBW Bank ETF Announces Dividend

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

Invesco KBW Bank ETF Company Profile

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.