Invesco KBW High Dividend Yield Financial ETF (NASDAQ:KBWD) Sees Significant Growth in Short Interest

Invesco KBW High Dividend Yield Financial ETF (NASDAQ:KBWD) was the target of a large growth in short interest in the month of February. As of February 13th, there was short interest totaling 184,671 shares, a growth of 70.0% from the January 29th total of 108,618 shares. Currently, 0.6% of the company’s stock are short sold. Based on an average daily trading volume, of 367,575 shares, the days-to-cover ratio is presently 0.5 days. Based on an average daily trading volume, of 367,575 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.6% of the company’s stock are short sold.

Invesco KBW High Dividend Yield Financial ETF Stock Down 2.0%

Invesco KBW High Dividend Yield Financial ETF stock traded down $0.27 during trading on Friday, reaching $13.07. The stock had a trading volume of 691,120 shares, compared to its average volume of 403,984. Invesco KBW High Dividend Yield Financial ETF has a 52-week low of $11.96 and a 52-week high of $15.56. The stock has a market cap of $409.09 million, a PE ratio of 10.83 and a beta of 1.15. The business has a 50 day moving average price of $13.91 and a 200 day moving average price of $13.80.

Invesco KBW High Dividend Yield Financial ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, February 27th. Shareholders of record on Monday, February 23rd were paid a $0.148 dividend. This is a boost from Invesco KBW High Dividend Yield Financial ETF’s previous monthly dividend of $0.15. This represents a c) dividend on an annualized basis and a yield of 13.6%. The ex-dividend date was Monday, February 23rd.

Hedge Funds Weigh In On Invesco KBW High Dividend Yield Financial ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Jones Financial Companies Lllp lifted its holdings in shares of Invesco KBW High Dividend Yield Financial ETF by 5,978.0% in the 1st quarter. Jones Financial Companies Lllp now owns 12,156 shares of the company’s stock valued at $176,000 after purchasing an additional 11,956 shares during the last quarter. Envestnet Asset Management Inc. increased its position in Invesco KBW High Dividend Yield Financial ETF by 212.3% during the second quarter. Envestnet Asset Management Inc. now owns 32,298 shares of the company’s stock worth $448,000 after buying an additional 21,956 shares during the period. Simplex Trading LLC purchased a new stake in Invesco KBW High Dividend Yield Financial ETF in the second quarter valued at approximately $41,000. Good Life Advisors LLC lifted its stake in Invesco KBW High Dividend Yield Financial ETF by 57.6% in the second quarter. Good Life Advisors LLC now owns 29,442 shares of the company’s stock valued at $408,000 after buying an additional 10,765 shares during the last quarter. Finally, Cetera Investment Advisers boosted its holdings in shares of Invesco KBW High Dividend Yield Financial ETF by 39.9% in the second quarter. Cetera Investment Advisers now owns 47,041 shares of the company’s stock valued at $652,000 after acquiring an additional 13,405 shares during the period.

Invesco KBW High Dividend Yield Financial ETF Company Profile

The Invesco KBW High Dividend Yield Financial ETF (KBWD) is an exchange-traded fund that mostly invests in financials equity. The fund tracks a dividend-yield-weighted index of US financial firms. KBWD was launched on Dec 2, 2010 and is managed by Invesco.