Invesco KBW Bank ETF (NASDAQ:KBWB) Sees Large Increase in Short Interest

Invesco KBW Bank ETF (NASDAQ:KBWB) saw a large increase in short interest during the month of December. As of December 31st, there was short interest totalling 1,410,000 shares, an increase of 30.6% from the December 15th total of 1,080,000 shares. Based on an average trading volume of 1,262,100 shares, the days-to-cover ratio is currently 1.1 days.

Invesco KBW Bank ETF Stock Performance

NASDAQ KBWB traded up $0.87 during trading on Friday, hitting $69.91. 3,773,468 shares of the company’s stock traded hands, compared to its average volume of 1,907,861. The stock has a market capitalization of $3.04 billion, a price-to-earnings ratio of 10.69 and a beta of 1.19. Invesco KBW Bank ETF has a 12-month low of $46.53 and a 12-month high of $71.78. The business has a 50 day moving average of $67.89 and a 200-day moving average of $61.74.

Invesco KBW Bank ETF Dividend Announcement

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

Institutional Investors Weigh In On Invesco KBW Bank ETF

Hedge funds and other institutional investors have recently bought and sold shares of the business. Fisher Asset Management LLC boosted its holdings in shares of Invesco KBW Bank ETF by 11.6% in the third quarter. Fisher Asset Management LLC now owns 2,529,651 shares of the company’s stock worth $148,263,000 after acquiring an additional 262,800 shares during the period. Wharton Business Group LLC boosted its stake in Invesco KBW Bank ETF by 27.4% in the 3rd quarter. Wharton Business Group LLC now owns 1,987,535 shares of the company’s stock worth $116,489,000 after purchasing an additional 427,872 shares during the period. Fiduciary Trust Co purchased a new position in Invesco KBW Bank ETF during the 3rd quarter valued at about $27,113,000. Clal Insurance Enterprises Holdings Ltd increased its position in shares of Invesco KBW Bank ETF by 6.9% during the third quarter. Clal Insurance Enterprises Holdings Ltd now owns 278,000 shares of the company’s stock valued at $16,294,000 after buying an additional 18,000 shares during the period. Finally, Valley Wealth Managers Inc. lifted its holdings in shares of Invesco KBW Bank ETF by 55.9% in the third quarter. Valley Wealth Managers Inc. now owns 203,122 shares of the company’s stock worth $11,905,000 after buying an additional 72,820 shares in the last quarter.

About Invesco KBW Bank ETF

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.