SPDR S&P Regional Banking ETF (NYSEARCA:KRE) was the recipient of a significant increase in short interest in the month of September. As of September 28th, there was short interest totalling 33,373,739 shares, an increase of 27.0% from the September 14th total of 26,273,992 shares. Based on an average daily volume of 6,474,744 shares, the days-to-cover ratio is presently 5.2 days.

Several hedge funds and other institutional investors have recently modified their holdings of the business. Canton Hathaway LLC bought a new position in shares of SPDR S&P Regional Banking ETF during the third quarter valued at $678,000. Bank of Montreal Can increased its stake in shares of SPDR S&P Regional Banking ETF by 3.3% in the third quarter. Bank of Montreal Can now owns 36,093 shares of the exchange traded fund’s stock valued at $2,145,000 after buying an additional 1,147 shares in the last quarter. Quattro Financial Advisors LLC increased its stake in shares of SPDR S&P Regional Banking ETF by 31.9% in the third quarter. Quattro Financial Advisors LLC now owns 91,076 shares of the exchange traded fund’s stock valued at $5,481,000 after buying an additional 22,020 shares in the last quarter. Factory Mutual Insurance Co. increased its stake in shares of SPDR S&P Regional Banking ETF by 2.9% in the third quarter. Factory Mutual Insurance Co. now owns 508,800 shares of the exchange traded fund’s stock valued at $30,233,000 after buying an additional 14,500 shares in the last quarter. Finally, Kovack Advisors Inc. increased its stake in shares of SPDR S&P Regional Banking ETF by 180.0% in the third quarter. Kovack Advisors Inc. now owns 14,620 shares of the exchange traded fund’s stock valued at $869,000 after buying an additional 9,399 shares in the last quarter.

Shares of KRE stock opened at $56.06 on Friday. SPDR S&P Regional Banking ETF has a one year low of $53.75 and a one year high of $66.04.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 26th. Shareholders of record on Monday, September 24th were issued a dividend of $0.287 per share. The ex-dividend date of this dividend was Friday, September 21st. This is a boost from SPDR S&P Regional Banking ETF’s previous quarterly dividend of $0.24. This represents a $1.15 dividend on an annualized basis and a dividend yield of 2.05%.

SPDR S&P Regional Banking ETF Company Profile

SPDR KBW Regional Banking ETF, formerly SPDR S&P Regional Banking ETF, seeks to closely match the returns and characteristics of the S&P Regional Banks Select Industry Index. Its approach is designed to provide portfolios with low portfolio turnover, tracking, and lower costs. As of October 27, 2011, the Company’s holding included Privatebancorp Inc, Webster Finl Corp Conn, Umpqua Hldgs Corp, Firstmerit Corp, East West Bancorp Inc, Fifth Third Bancorp, Fnb Corp Pa, Susquehanna Bancshares Inc and Keycorp New and First Rep Bk San Fran Cali.

Featured Story: Outstanding Shares, Buying and Selling Stocks

Receive News & Ratings for SPDR S&P Regional Banking ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SPDR S&P Regional Banking ETF and related companies with MarketBeat.com's FREE daily email newsletter.