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

Posted by on Apr 27th, 2023

Invesco KBW Bank ETF (NASDAQ:KBWB – Get Rating) was the target of a significant increase in short interest during the month of April. As of April 15th, there was short interest totalling 2,310,000 shares, an increase of 190.4% from the March 31st total of 795,400 shares. Based on an average trading volume of 2,303,400 shares, the days-to-cover ratio is currently 1.0 days.

Invesco KBW Bank ETF Stock Performance

KBWB opened at $40.44 on Thursday. The business’s 50-day simple moving average is $41.52 and its 200 day simple moving average is $50.26. Invesco KBW Bank ETF has a 52-week low of $38.92 and a 52-week high of $60.43. The firm has a market capitalization of $1.27 billion, a PE ratio of 8.67 and a beta of 1.19.

Invesco KBW Bank ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 24th. Stockholders of record on Tuesday, March 21st were issued a $0.334 dividend. This represents a $1.34 annualized dividend and a dividend yield of 3.30%. The ex-dividend date was Monday, March 20th.

Hedge Funds Weigh In On Invesco KBW Bank ETF

Hedge funds and other institutional investors have recently made changes to their positions in the company. PNC Financial Services Group Inc. bought a new stake in Invesco KBW Bank ETF during the first quarter worth $29,000. EPG Wealth Management LLC acquired a new position in shares of Invesco KBW Bank ETF during the 3rd quarter worth about $32,000. Private Trust Co. NA raised its holdings in shares of Invesco KBW Bank ETF by 66.0% in the 1st quarter. Private Trust Co. NA now owns 943 shares of the company’s stock valued at $40,000 after purchasing an additional 375 shares during the period. Simplex Trading LLC lifted its stake in Invesco KBW Bank ETF by 157.4% in the 4th quarter. Simplex Trading LLC now owns 924 shares of the company’s stock valued at $47,000 after purchasing an additional 565 shares during the last quarter. Finally, CoreCap Advisors LLC acquired a new stake in Invesco KBW Bank ETF in the 4th quarter valued at about $58,000.

About Invesco KBW Bank ETF

(Get Rating)

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.

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