Invesco KBW Property & Casualty Insurance ETF (NASDAQ:KBWP) Short Interest Down 62.5% in June

Invesco KBW Property & Casualty Insurance ETF (NASDAQ:KBWP) saw a large decline in short interest during the month of June. As of June 30th, there was short interest totalling 2,400 shares, a decline of 62.5% from the June 15th total of 6,400 shares. Based on an average daily volume of 23,800 shares, the days-to-cover ratio is presently 0.1 days.

Hedge Funds Weigh In On Invesco KBW Property & Casualty Insurance ETF

Large investors have recently modified their holdings of the stock. Geneos Wealth Management Inc. bought a new stake in Invesco KBW Property & Casualty Insurance ETF during the fourth quarter valued at $72,000. Advisors Preferred LLC bought a new position in Invesco KBW Property & Casualty Insurance ETF in the fourth quarter worth about $153,000. Hudock Inc. acquired a new position in Invesco KBW Property & Casualty Insurance ETF in the fourth quarter valued at approximately $209,000. Private Trust Co. NA bought a new position in shares of Invesco KBW Property & Casualty Insurance ETF during the fourth quarter valued at approximately $213,000. Finally, WBI Investments LLC acquired a new stake in shares of Invesco KBW Property & Casualty Insurance ETF during the 1st quarter worth approximately $225,000.

Invesco KBW Property & Casualty Insurance ETF Stock Performance

Shares of KBWP stock traded up $0.93 during mid-day trading on Thursday, reaching $103.57. 8,892 shares of the company were exchanged, compared to its average volume of 25,903. Invesco KBW Property & Casualty Insurance ETF has a fifty-two week low of $79.30 and a fifty-two week high of $107.99. The company has a market capitalization of $307.60 million, a P/E ratio of 19.40 and a beta of 0.66. The business’s 50 day simple moving average is $104.21 and its 200 day simple moving average is $101.50.

Invesco KBW Property & Casualty Insurance ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Monday, June 24th were paid a $0.3064 dividend. The ex-dividend date was Monday, June 24th. This represents a $1.23 dividend on an annualized basis and a dividend yield of 1.18%.

About Invesco KBW Property & Casualty Insurance ETF

The Invesco KBW Property & Casualty Insurance ETF (KBWP) is an exchange-traded fund that mostly invests in financials equity. The fund tracks a modified market-cap-weighted index focused exclusively on property & casualty insurance companies in the US. KBWP was launched on Dec 2, 2010 and is managed by Invesco.