Invesco KBW Regional Banking ETF (NASDAQ:KBWR) Short Interest Update

Invesco KBW Regional Banking ETF (NASDAQ:KBWR) was the target of a large decline in short interest during the month of March. As of March 31st, there was short interest totalling 9,500 shares, a decline of 16.7% from the March 15th total of 11,400 shares. Based on an average daily trading volume, of 3,100 shares, the days-to-cover ratio is currently 3.1 days. Currently, 1.1% of the shares of the company are short sold.

Invesco KBW Regional Banking ETF Price Performance

NASDAQ KBWR opened at $50.70 on Tuesday. The stock has a market capitalization of $45.63 million, a price-to-earnings ratio of 12.09 and a beta of 1.05. Invesco KBW Regional Banking ETF has a 1-year low of $46.02 and a 1-year high of $69.75. The business’s fifty day moving average price is $55.87 and its 200-day moving average price is $59.81.

Invesco KBW Regional Banking ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Friday, March 28th. Stockholders of record on Monday, March 24th were given a dividend of $0.3727 per share. The ex-dividend date was Monday, March 24th.

Hedge Funds Weigh In On Invesco KBW Regional Banking ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the business. TruNorth Capital Management LLC purchased a new stake in Invesco KBW Regional Banking ETF during the fourth quarter valued at approximately $143,000. Two Sigma Securities LLC bought a new stake in shares of Invesco KBW Regional Banking ETF during the 4th quarter valued at $222,000. Meritage Portfolio Management raised its holdings in Invesco KBW Regional Banking ETF by 12.3% in the 4th quarter. Meritage Portfolio Management now owns 10,170 shares of the company’s stock worth $608,000 after purchasing an additional 1,115 shares during the period. LPL Financial LLC lifted its position in Invesco KBW Regional Banking ETF by 1.9% during the fourth quarter. LPL Financial LLC now owns 19,706 shares of the company’s stock valued at $1,178,000 after purchasing an additional 366 shares in the last quarter. Finally, Bank of America Corp DE lifted its position in Invesco KBW Regional Banking ETF by 41.0% during the fourth quarter. Bank of America Corp DE now owns 37,558 shares of the company’s stock valued at $2,246,000 after purchasing an additional 10,914 shares in the last quarter.

Invesco KBW Regional Banking ETF Company Profile

The Invesco KBW Regional Banking ETF (KBWR) is an exchange-traded fund that is based on the KBW Nasdaq Regional Banking index, a modified market-cap-weighted index focused exclusively on regional banking firms in the US. KBWR was launched on Nov 1, 2011 and is managed by Invesco.