Invesco Bloomberg Financial Data Providers ETF (NASDAQ:FDIQ) Sees Large Drop in Short Interest

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

Invesco Bloomberg Financial Data Providers ETF Trading Up 1.2%

FDIQ traded up $0.85 during trading hours on Friday, hitting $74.94. 896 shares of the company’s stock were exchanged, compared to its average volume of 3,824. The firm has a market cap of $42.72 million, a P/E 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 firm has a 50 day moving average of $72.15 and a 200 day moving average of $70.28.

Invesco Bloomberg Financial Data Providers ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 25th. Stockholders of record on Monday, September 21st were paid a $0.3652 dividend. The ex-dividend date was Monday, September 21st. This is an increase from Invesco Bloomberg Financial Data Providers ETF’s previous quarterly dividend of $0.2232. This represents a $1.46 annualized dividend and a dividend yield of 1.9%.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in Invesco Bloomberg Financial Data Providers ETF stock. Corient Private Wealth LLC purchased a new position in shares of Invesco Bloomberg Financial Data Providers ETF (NASDAQ:FDIQ) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 6,000 shares of the company’s stock, valued at approximately $389,000. Corient Private Wealth LLC owned 0.78% of Invesco Bloomberg Financial Data Providers ETF at the end of the most recent reporting period.

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.