Invesco KBW High Dividend Yield Financial ETF (NASDAQ:KBWD) Sees Large Decline in Short Interest

Invesco KBW High Dividend Yield Financial ETF (NASDAQ:KBWD) was the target of a large decrease in short interest during the month of January. As of January 31st, there was short interest totalling 562,600 shares, a decrease of 25.4% from the January 15th total of 754,600 shares. Based on an average daily volume of 234,000 shares, the short-interest ratio is currently 2.4 days.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. CreativeOne Wealth LLC boosted its position in shares of Invesco KBW High Dividend Yield Financial ETF by 58.8% in the 4th quarter. CreativeOne Wealth LLC now owns 26,520 shares of the company’s stock valued at $389,000 after purchasing an additional 9,820 shares during the period. Raymond James Financial Inc. acquired a new stake in Invesco KBW High Dividend Yield Financial ETF during the 4th quarter worth approximately $701,000. Wells Fargo & Company MN lifted its position in Invesco KBW High Dividend Yield Financial ETF by 197.8% during the 4th quarter. Wells Fargo & Company MN now owns 1,012,486 shares of the company’s stock worth $14,853,000 after acquiring an additional 672,447 shares during the period. National Bank of Canada FI acquired a new stake in Invesco KBW High Dividend Yield Financial ETF during the 4th quarter worth approximately $29,000. Finally, JPMorgan Chase & Co. lifted its position in Invesco KBW High Dividend Yield Financial ETF by 103.1% during the 4th quarter. JPMorgan Chase & Co. now owns 24,475 shares of the company’s stock worth $359,000 after acquiring an additional 12,426 shares during the period.

Invesco KBW High Dividend Yield Financial ETF Stock Up 1.0 %

Shares of Invesco KBW High Dividend Yield Financial ETF stock opened at $15.41 on Friday. The firm has a market cap of $434.56 million, a PE ratio of 8.21 and a beta of 1.40. Invesco KBW High Dividend Yield Financial ETF has a 52 week low of $14.12 and a 52 week high of $16.38. The business’s fifty day simple moving average is $14.93 and its 200-day simple moving average is $15.09.

Invesco KBW High Dividend Yield Financial ETF Increases Dividend

The business also recently declared a dividend, which was paid on Friday, January 24th. Shareholders of record on Tuesday, January 21st were issued a dividend of $0.1452 per share. This is an increase from Invesco KBW High Dividend Yield Financial ETF’s previous dividend of $0.14. The ex-dividend date of this dividend was Tuesday, January 21st.

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.