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

Invesco KBW High Dividend Yield Financial ETF (NASDAQ:KBWD) saw a significant decline in short interest in the month of January. As of January 30th, there was short interest totaling 108,618 shares, a decline of 45.8% from the January 15th total of 200,236 shares. Approximately 0.3% of the shares of the company are sold short. Based on an average daily trading volume, of 315,212 shares, the short-interest ratio is presently 0.3 days. Based on an average daily trading volume, of 315,212 shares, the short-interest ratio is presently 0.3 days. Approximately 0.3% of the shares of the company are sold short.

Institutional Investors Weigh In On Invesco KBW High Dividend Yield Financial ETF

Institutional investors have recently bought and sold shares of the stock. Good Life Advisors LLC grew its position in shares of Invesco KBW High Dividend Yield Financial ETF by 57.6% during the second quarter. Good Life Advisors LLC now owns 29,442 shares of the company’s stock worth $408,000 after buying an additional 10,765 shares in the last quarter. IFP Advisors Inc grew its holdings in Invesco KBW High Dividend Yield Financial ETF by 9.1% during the 2nd quarter. IFP Advisors Inc now owns 19,628 shares of the company’s stock worth $272,000 after acquiring an additional 1,633 shares in the last quarter. CWM LLC increased its position in shares of Invesco KBW High Dividend Yield Financial ETF by 3.9% in the 2nd quarter. CWM LLC now owns 28,846 shares of the company’s stock worth $400,000 after purchasing an additional 1,084 shares during the last quarter. Envestnet Asset Management Inc. raised its stake in shares of Invesco KBW High Dividend Yield Financial ETF by 212.3% in the 2nd quarter. Envestnet Asset Management Inc. now owns 32,298 shares of the company’s stock valued at $448,000 after purchasing an additional 21,956 shares in the last quarter. Finally, Stratos Wealth Partners LTD. acquired a new stake in shares of Invesco KBW High Dividend Yield Financial ETF in the 2nd quarter valued at about $140,000.

Invesco KBW High Dividend Yield Financial ETF Stock Down 0.1%

NASDAQ KBWD traded down $0.01 during mid-day trading on Friday, hitting $13.80. The stock had a trading volume of 236,805 shares, compared to its average volume of 358,023. The company has a 50 day simple moving average of $13.99 and a 200 day simple moving average of $13.82. The company has a market cap of $431.94 million, a price-to-earnings ratio of 10.83 and a beta of 1.15. Invesco KBW High Dividend Yield Financial ETF has a 52-week low of $11.96 and a 52-week high of $15.80.

Invesco KBW High Dividend Yield Financial ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Friday, January 23rd. Stockholders of record on Tuesday, January 20th were issued a dividend of $0.1479 per share. This represents a c) dividend on an annualized basis and a dividend yield of 12.9%. This is a boost from Invesco KBW High Dividend Yield Financial ETF’s previous monthly dividend of $0.15. The ex-dividend date was Tuesday, January 20th.

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.