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

Invesco KBW Bank ETF (NASDAQ:KBWB) was the recipient of a significant growth in short interest in the month of March. As of March 31st, there was short interest totalling 3,070,000 shares, a growth of 5.1% from the March 15th total of 2,920,000 shares. Based on an average trading volume of 898,100 shares, the short-interest ratio is presently 3.4 days.

Invesco KBW Bank ETF Stock Performance

Shares of Invesco KBW Bank ETF stock opened at $50.39 on Tuesday. Invesco KBW Bank ETF has a 52 week low of $36.19 and a 52 week high of $53.79. The stock has a 50 day moving average price of $50.61 and a two-hundred day moving average price of $46.45. The stock has a market capitalization of $1.42 billion, a PE ratio of 10.44 and a beta of 1.19.

Invesco KBW Bank ETF Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Tuesday, March 19th were paid a $0.4265 dividend. The ex-dividend date was Monday, March 18th. This represents a $1.71 dividend on an annualized basis and a yield of 3.39%.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of KBWB. PNC Financial Services Group Inc. bought a new stake in Invesco KBW Bank ETF during the first quarter worth $29,000. Trust Co. of Vermont raised its stake in shares of Invesco KBW Bank ETF by 105.3% during the 4th quarter. Trust Co. of Vermont now owns 616 shares of the company’s stock valued at $30,000 after purchasing an additional 316 shares during the period. Comerica Bank purchased a new position in Invesco KBW Bank ETF during the third quarter worth about $25,000. Farther Finance Advisors LLC purchased a new position in Invesco KBW Bank ETF during the second quarter worth about $41,000. Finally, Concourse Financial Group Securities Inc. boosted its holdings in shares of Invesco KBW Bank ETF by 1,000.0% in the 3rd quarter. Concourse Financial Group Securities Inc. now owns 1,210 shares of the company’s stock worth $48,000 after purchasing an additional 1,100 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.