Invesco KBW Bank ETF (NASDAQ:KBWB) Short Interest Up 22.8% in March

Invesco KBW Bank ETF (NASDAQ:KBWB) was the target of a significant increase in short interest in March. As of March 15th, there was short interest totalling 5,010,000 shares, an increase of 22.8% from the February 28th total of 4,080,000 shares. Approximately 8.4% of the shares of the stock are sold short. Based on an average daily volume of 2,041,100 shares, the short-interest ratio is currently 2.5 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Clal Insurance Enterprises Holdings Ltd increased its holdings in shares of Invesco KBW Bank ETF by 961.2% during the fourth quarter. Clal Insurance Enterprises Holdings Ltd now owns 2,950,000 shares of the company’s stock worth $192,782,000 after buying an additional 2,672,000 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. grew its position in 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 acquiring an additional 2,670,000 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. increased its holdings in Invesco KBW Bank ETF by 129,166.7% in 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 in the last quarter. Horizon Investments LLC bought a new position in Invesco KBW Bank ETF in the fourth quarter valued at about $25,599,000. Finally, Summit Trail Advisors LLC acquired a new stake in shares of Invesco KBW Bank ETF during the fourth quarter valued at about $20,039,000.

Invesco KBW Bank ETF Trading Down 0.7 %

NASDAQ KBWB traded down $0.41 on Tuesday, hitting $62.36. 2,522,597 shares of the company’s stock were exchanged, compared to its average volume of 1,178,678. The stock has a 50-day moving average of $67.43 and a 200-day moving average of $65.69. The stock has a market cap of $3.01 billion, a price-to-earnings ratio of 13.06 and a beta of 1.19. Invesco KBW Bank ETF has a 52 week low of $49.32 and a 52 week high of $72.39.

Invesco KBW Bank ETF Increases Dividend

The firm also recently disclosed a dividend, which was paid on Friday, March 28th. Investors of record on Monday, March 24th were given a dividend of $0.4118 per share. This is an increase from Invesco KBW Bank ETF’s previous dividend of $0.36. The ex-dividend date of this dividend was Monday, March 24th.

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.