Invesco KBW High Dividend Yield Financial ETF (NASDAQ:KBWD) Shares Shorted: Short Interest Down 41.9% in October

Invesco KBW High Dividend Yield Financial ETF (NASDAQ:KBWD) was the recipient of a significant drop in short interest in October. As of October 15th, there was short interest totaling 331,074 shares, a drop of 41.9% from the September 30th total of 570,301 shares. Currently, 1.0% of the shares of the stock are short sold. Based on an average trading volume of 974,665 shares, the days-to-cover ratio is presently 0.3 days.

Invesco KBW High Dividend Yield Financial ETF Trading Down 1.9%

Shares of KBWD traded down $0.21 during mid-day trading on Friday, reaching $10.56. The company’s stock had a trading volume of 851,218 shares, compared to its average volume of 463,912. Invesco KBW High Dividend Yield Financial ETF has a 52 week low of $10.05 and a 52 week high of $14.74. The stock has a market cap of $332.64 million, a PE ratio of 10.83 and a beta of 1.06. The company’s fifty day moving average price is $11.37 and its two-hundred day moving average price is $12.50.

Invesco KBW High Dividend Yield Financial ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, October 23rd. Shareholders of record on Monday, October 19th were paid a $0.1348 dividend. This is a drop from Invesco KBW High Dividend Yield Financial ETF’s previous monthly dividend of $0.1350. This represents a $1.62 annualized dividend and a yield of 15.3%. The ex-dividend date of this dividend was Monday, October 19th.

Institutional Trading of Invesco KBW High Dividend Yield Financial ETF

Institutional investors have recently added to or reduced their stakes in the business. Gradient Investments LLC bought a new stake in shares of Invesco KBW High Dividend Yield Financial ETF in the 3rd quarter valued at about $7,157,000. Envestnet Asset Management Inc. grew its position in Invesco KBW High Dividend Yield Financial ETF by 8.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 121,856 shares of the company’s stock worth $1,513,000 after acquiring an additional 9,071 shares during the last quarter. NewEdge Advisors LLC grew its position in Invesco KBW High Dividend Yield Financial ETF by 3,108.1% during the 2nd quarter. NewEdge Advisors LLC now owns 17,484 shares of the company’s stock worth $217,000 after acquiring an additional 16,939 shares during the last quarter. Winnow Wealth LLC increased its stake in Invesco KBW High Dividend Yield Financial ETF by 11.5% in the 1st quarter. Winnow Wealth LLC now owns 32,490 shares of the company’s stock worth $407,000 after purchasing an additional 3,352 shares during the period. Finally, Bank of America Corp DE increased its stake in Invesco KBW High Dividend Yield Financial ETF by 2.6% in the 1st quarter. Bank of America Corp DE now owns 726,416 shares of the company’s stock worth $9,109,000 after purchasing an additional 18,508 shares during the period.

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.