Invesco Bloomberg Financial Data Providers ETF (NASDAQ:FDIQ) Stock Short Interest Falls 67.6%

Invesco Bloomberg Financial Data Providers ETF (NASDAQ:FDIQ) was the target of a significant decline in short interest in the month of October. As of October 15th, there was short interest totaling 2,774 shares, a decline of 67.6% from the September 30th total of 8,574 shares. Currently, 0.5% of the shares of the company are sold short. Based on an average trading volume of 1,130 shares, the short-interest ratio is currently 2.5 days.

Hedge Funds Weigh In On Invesco Bloomberg Financial Data Providers ETF

A hedge fund recently bought a new stake in Invesco Bloomberg Financial Data Providers ETF stock. Corient Private Wealth LLC bought a new position in Invesco Bloomberg Financial Data Providers ETF (NASDAQ:FDIQ) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 6,000 shares of the company’s stock, valued at approximately $389,000. Corient Private Wealth LLC owned about 0.78% of Invesco Bloomberg Financial Data Providers ETF at the end of the most recent reporting period.

Invesco Bloomberg Financial Data Providers ETF Stock Performance

FDIQ traded up $0.93 during midday trading on Thursday, reaching $73.92. The company had a trading volume of 77 shares, compared to its average volume of 3,838. The stock has a market cap of $42.13 million, a PE ratio of 13.81 and a beta of 0.83. Invesco Bloomberg Financial Data Providers ETF has a 12-month low of $56.00 and a 12-month high of $76.68. The business has a 50-day moving average price of $72.14 and a two-hundred day moving average price of $70.22.

Invesco Bloomberg Financial Data Providers ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 25th. Investors of record on Monday, September 21st were issued a $0.3652 dividend. This is a boost from Invesco Bloomberg Financial Data Providers ETF’s previous quarterly dividend of $0.2232. The ex-dividend date of this dividend was Monday, September 21st. This represents a $1.46 dividend on an annualized basis and a dividend yield of 2.0%.

About Invesco Bloomberg Financial Data Providers ETF

Invesco KBW Regional Banking ETF (NASDAQ: FDIQ) is an exchange-traded fund designed to track the performance of an index focused on regional banking companies in the United States. The fund provides investors with exposure to a diversified group of banks that typically operate across local and regional markets, offering a way to gain targeted access to the U.S. banking sector through a single security.

The ETF is managed by Invesco, a global investment management firm known for offering a wide range of funds and other investment products.