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

Invesco KBW High Dividend Yield Financial ETF (NASDAQ:KBWD) saw a significant increase in short interest in March. As of March 13th, there was short interest totaling 270,598 shares, an increase of 96.4% from the February 26th total of 137,813 shares. Based on an average daily trading volume, of 365,680 shares, the short-interest ratio is presently 0.7 days. Currently, 0.9% of the company’s stock are short sold.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in KBWD. Optiver Holding B.V. bought a new position in shares of Invesco KBW High Dividend Yield Financial ETF in the third quarter valued at approximately $25,000. Harbour Investments Inc. boosted its holdings in shares of Invesco KBW High Dividend Yield Financial ETF by 100.0% during the 4th quarter. Harbour Investments Inc. now owns 2,000 shares of the company’s stock worth $27,000 after buying an additional 1,000 shares during the period. WFA of San Diego LLC acquired a new position in Invesco KBW High Dividend Yield Financial ETF in the 2nd quarter valued at $33,000. Global Retirement Partners LLC grew its stake in Invesco KBW High Dividend Yield Financial ETF by 415.8% in the 3rd quarter. Global Retirement Partners LLC now owns 3,750 shares of the company’s stock valued at $51,000 after buying an additional 3,023 shares during the last quarter. Finally, Kestra Advisory Services LLC bought a new position in Invesco KBW High Dividend Yield Financial ETF in the 4th quarter worth $52,000.

Invesco KBW High Dividend Yield Financial ETF Stock Performance

Shares of KBWD traded down $0.16 during trading hours on Thursday, hitting $12.36. 292,247 shares of the company were exchanged, compared to its average volume of 402,184. The company has a market cap of $386.87 million, a PE ratio of 10.83 and a beta of 1.15. The firm’s 50 day moving average is $13.46 and its 200-day moving average is $13.62. Invesco KBW High Dividend Yield Financial ETF has a 52 week low of $11.96 and a 52 week high of $14.77.

Invesco KBW High Dividend Yield Financial ETF Cuts Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, March 27th. Investors of record on Monday, March 23rd will be issued a $0.1479 dividend. This represents a c) annualized dividend and a yield of 14.4%. The ex-dividend date is Monday, March 23rd.

About Invesco KBW High Dividend Yield Financial ETF

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.