Invesco KBW High Dividend Yield Financial ETF (NASDAQ:KBWD) Short Interest Update
by Renee Jackson · The Cerbat GemInvesco KBW High Dividend Yield Financial ETF (NASDAQ:KBWD – Get Free Report) saw a significant growth in short interest during the month of March. As of March 13th, there was short interest totaling 270,598 shares, a growth of 96.4% from the February 26th total of 137,813 shares. Based on an average daily volume of 365,680 shares, the short-interest ratio is presently 0.7 days. Currently, 0.9% of the company’s stock are sold short.
Institutional Investors Weigh In On Invesco KBW High Dividend Yield Financial ETF
Several institutional investors have recently bought and sold shares of KBWD. Quadrature Capital Ltd acquired a new position in shares of Invesco KBW High Dividend Yield Financial ETF during the fourth quarter worth $566,000. Kovack Advisors Inc. boosted its position in shares of Invesco KBW High Dividend Yield Financial ETF by 282.0% in the 4th quarter. Kovack Advisors Inc. now owns 69,322 shares of the company’s stock worth $947,000 after purchasing an additional 51,177 shares in the last quarter. Osaic Holdings Inc. boosted its position in shares of Invesco KBW High Dividend Yield Financial ETF by 67.9% in the 4th quarter. Osaic Holdings Inc. now owns 57,653 shares of the company’s stock worth $788,000 after purchasing an additional 23,317 shares in the last quarter. Regal Investment Advisors LLC purchased a new position in Invesco KBW High Dividend Yield Financial ETF during the 4th quarter worth $430,000. Finally, MML Investors Services LLC increased its position in Invesco KBW High Dividend Yield Financial ETF by 3.5% during the 4th quarter. MML Investors Services LLC now owns 49,548 shares of the company’s stock valued at $677,000 after buying an additional 1,686 shares in the last quarter.
Invesco KBW High Dividend Yield Financial ETF Price Performance
Shares of KBWD stock traded down $0.27 during mid-day trading on Friday, hitting $12.09. 605,695 shares of the stock traded hands, compared to its average volume of 405,637. The stock has a market cap of $378.42 million, a P/E ratio of 10.83 and a beta of 1.15. The stock’s fifty day moving average is $13.41 and its two-hundred day moving average is $13.61. Invesco KBW High Dividend Yield Financial ETF has a 52-week low of $11.96 and a 52-week high of $14.74.
Invesco KBW High Dividend Yield Financial ETF Cuts Dividend
The company also recently disclosed a monthly dividend, which will be paid on Friday, March 27th. Investors of record on Monday, March 23rd will be paid a dividend of $0.1479 per share. This represents a c) annualized dividend and a dividend yield of 14.7%. The ex-dividend date is Monday, March 23rd.
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.