Invesco KBW Bank ETF (NASDAQ:KBWB) Short Interest Down 8.5% in October

Invesco KBW Bank ETF (NASDAQ:KBWB) was the recipient of a large decrease in short interest in the month of October. As of October 31st, there was short interest totalling 1,400,000 shares, a decrease of 8.5% from the October 15th total of 1,530,000 shares. Based on an average daily volume of 916,700 shares, the short-interest ratio is presently 1.5 days.

Invesco KBW Bank ETF Stock Down 0.0 %

Shares of NASDAQ KBWB traded down $0.02 during midday trading on Monday, reaching $69.24. 570,264 shares of the company’s stock traded hands, compared to its average volume of 851,260. The company has a market cap of $2.12 billion, a price-to-earnings ratio of 10.69 and a beta of 1.19. The stock’s 50 day simple moving average is $61.26 and its 200-day simple moving average is $57.29. Invesco KBW Bank ETF has a one year low of $41.98 and a one year high of $70.01.

Invesco KBW Bank ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Monday, September 23rd were given a dividend of $0.424 per share. This represents a $1.70 annualized dividend and a yield of 2.45%. The ex-dividend date was Monday, September 23rd. This is a boost from Invesco KBW Bank ETF’s previous quarterly dividend of $0.40.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Capital Performance Advisors LLP bought a new stake in Invesco KBW Bank ETF during the third quarter valued at about $29,000. Private Trust Co. NA boosted its holdings in shares of Invesco KBW Bank ETF by 88.7% in the 3rd quarter. Private Trust Co. NA now owns 566 shares of the company’s stock valued at $33,000 after buying an additional 266 shares in the last quarter. International Assets Investment Management LLC purchased a new position in shares of Invesco KBW Bank ETF in the 2nd quarter worth approximately $43,000. HM Payson & Co. bought a new position in shares of Invesco KBW Bank ETF during the 3rd quarter worth approximately $68,000. Finally, FMR LLC lifted its position in Invesco KBW Bank ETF by 32.3% during the third quarter. FMR LLC now owns 2,108 shares of the company’s stock valued at $124,000 after acquiring an additional 515 shares during 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.