Short Interest in Invesco KBW Property & Casualty Insurance ETF (NASDAQ:KBWP) Declines By 22.2%

Invesco KBW Property & Casualty Insurance ETF (NASDAQ:KBWP) was the target of a large drop in short interest in February. As of February 13th, there was short interest totaling 5,916 shares, a drop of 22.2% from the January 29th total of 7,606 shares. Based on an average daily volume of 27,342 shares, the short-interest ratio is presently 0.2 days. Approximately 0.3% of the company’s stock are sold short. Approximately 0.3% of the company’s stock are sold short. Based on an average daily volume of 27,342 shares, the short-interest ratio is presently 0.2 days.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the stock. Kingsview Wealth Management LLC boosted its holdings in Invesco KBW Property & Casualty Insurance ETF by 69.4% in the third quarter. Kingsview Wealth Management LLC now owns 133,586 shares of the company’s stock worth $16,522,000 after purchasing an additional 54,713 shares during the last quarter. Raymond James Financial Inc. lifted its holdings in shares of Invesco KBW Property & Casualty Insurance ETF by 180.0% during the 2nd quarter. Raymond James Financial Inc. now owns 100,177 shares of the company’s stock valued at $12,305,000 after buying an additional 64,399 shares during the period. Redstone Wealth Management LLC purchased a new position in shares of Invesco KBW Property & Casualty Insurance ETF in the 4th quarter worth $11,516,000. Mutual Advisors LLC boosted its stake in shares of Invesco KBW Property & Casualty Insurance ETF by 4.7% in the 4th quarter. Mutual Advisors LLC now owns 89,150 shares of the company’s stock worth $11,348,000 after buying an additional 3,989 shares during the last quarter. Finally, Cetera Investment Advisers grew its holdings in shares of Invesco KBW Property & Casualty Insurance ETF by 37.6% in the fourth quarter. Cetera Investment Advisers now owns 53,717 shares of the company’s stock worth $6,838,000 after acquiring an additional 14,669 shares during the period.

Invesco KBW Property & Casualty Insurance ETF Stock Performance

Shares of NASDAQ:KBWP traded down $0.50 during midday trading on Wednesday, reaching $126.17. 21,805 shares of the company’s stock traded hands, compared to its average volume of 19,743. Invesco KBW Property & Casualty Insurance ETF has a one year low of $108.64 and a one year high of $129.00. The company has a market cap of $288.93 million, a price-to-earnings ratio of 13.50 and a beta of 0.55. The stock has a 50 day moving average of $124.28 and a 200 day moving average of $122.84.

Invesco KBW Property & Casualty Insurance ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 26th. Stockholders of record on Monday, December 22nd were issued a dividend of $0.6048 per share. This represents a $2.42 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend was Monday, December 22nd. This is a boost from Invesco KBW Property & Casualty Insurance ETF’s previous quarterly dividend of $0.37.

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.