Invesco KBW Regional Banking ETF (NASDAQ:KBWR) Sees Large Decline in Short Interest

Invesco KBW Regional Banking ETF (NASDAQ:KBWRGet Rating) was the target of a large decline in short interest in August. As of August 15th, there was short interest totalling 11,800 shares, a decline of 9.9% from the July 31st total of 13,100 shares. Based on an average trading volume of 4,200 shares, the days-to-cover ratio is currently 2.8 days.

Invesco KBW Regional Banking ETF Price Performance

Shares of NASDAQ:KBWR opened at $58.38 on Wednesday. The business’s 50 day simple moving average is $57.33 and its 200-day simple moving average is $58.79. Invesco KBW Regional Banking ETF has a 12 month low of $51.92 and a 12 month high of $70.14.

Invesco KBW Regional Banking ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 30th. Investors of record on Wednesday, June 22nd were paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 2.40%. The ex-dividend date of this dividend was Tuesday, June 21st.

Institutional Investors Weigh In On Invesco KBW Regional Banking ETF

Institutional investors and hedge funds have recently bought and sold shares of the stock. Captrust Financial Advisors purchased a new stake in Invesco KBW Regional Banking ETF in the 1st quarter valued at approximately $26,000. CWM LLC purchased a new stake in Invesco KBW Regional Banking ETF in the 1st quarter valued at approximately $98,000. Fusion Capital LLC purchased a new stake in Invesco KBW Regional Banking ETF in the 1st quarter valued at approximately $243,000. Nations Financial Group Inc. IA ADV purchased a new stake in Invesco KBW Regional Banking ETF in the 1st quarter valued at approximately $261,000. Finally, Avantax Advisory Services Inc. lifted its stake in Invesco KBW Regional Banking ETF by 13.2% in the 1st quarter. Avantax Advisory Services Inc. now owns 5,405 shares of the company’s stock valued at $327,000 after buying an additional 630 shares in the last quarter.

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