Invesco KBW Bank ETF (NASDAQ:KBWB) Short Interest Up 17.9% in August

Invesco KBW Bank ETF (NASDAQ:KBWB) was the recipient of a large growth in short interest in the month of August. As of August 15th, there was short interest totalling 2,040,000 shares, a growth of 17.9% from the July 31st total of 1,730,000 shares. Based on an average trading volume of 739,700 shares, the short-interest ratio is currently 2.8 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Trust Co. of Vermont lifted its stake in Invesco KBW Bank ETF by 105.3% in the 4th quarter. Trust Co. of Vermont now owns 616 shares of the company’s stock valued at $30,000 after buying an additional 316 shares in the last quarter. PNC Financial Services Group Inc. purchased a new position in Invesco KBW Bank ETF in the 4th quarter valued at about $37,000. International Assets Investment Management LLC purchased a new position in Invesco KBW Bank ETF in the 2nd quarter valued at about $43,000. Lynx Investment Advisory purchased a new position in Invesco KBW Bank ETF in the 2nd quarter valued at about $121,000. Finally, Satovsky Asset Management LLC purchased a new position in Invesco KBW Bank ETF in the 1st quarter valued at about $203,000.

Invesco KBW Bank ETF Stock Up 1.2 %

NASDAQ:KBWB opened at $59.61 on Monday. Invesco KBW Bank ETF has a 52 week low of $36.51 and a 52 week high of $59.68. The stock has a market capitalization of $1.73 billion, a PE ratio of 10.69 and a beta of 1.19. The stock’s 50-day moving average price is $56.10 and its 200-day moving average price is $53.49.

Invesco KBW Bank ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Monday, June 24th were given a dividend of $0.3984 per share. This represents a $1.59 dividend on an annualized basis and a dividend yield of 2.67%. The ex-dividend date was Monday, June 24th.

Invesco KBW Bank ETF Company Profile

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.