Invesco KBW Bank ETF (NASDAQ:KBWB) Short Interest Update

Invesco KBW Bank ETF (NASDAQ:KBWB) saw a large increase in short interest in September. As of September 30th, there was short interest totalling 1,520,000 shares, an increase of 115.6% from the September 15th total of 705,100 shares. Based on an average daily trading volume, of 2,075,000 shares, the days-to-cover ratio is currently 0.7 days.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. lifted its stake in shares of Invesco KBW Bank ETF by 1,219.5% during the 2nd quarter. JPMorgan Chase & Co. now owns 2,083,063 shares of the company’s stock valued at $134,170,000 after buying an additional 1,925,193 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in Invesco KBW Bank ETF by 7.2% in the 2nd quarter. Goldman Sachs Group Inc. now owns 1,187,494 shares of the company’s stock worth $76,486,000 after purchasing an additional 80,167 shares in the last quarter. Schroder Investment Management Group purchased a new stake in Invesco KBW Bank ETF in the 1st quarter worth $71,352,000. Bessemer Group Inc. purchased a new stake in Invesco KBW Bank ETF in the 1st quarter worth $34,658,000. Finally, Wells Fargo & Company MN lifted its stake in Invesco KBW Bank ETF by 17.6% in the 2nd quarter. Wells Fargo & Company MN now owns 465,608 shares of the company’s stock worth $29,989,000 after purchasing an additional 69,568 shares in the last quarter.

KBWB opened at $68.62 on Thursday. Invesco KBW Bank ETF has a fifty-two week low of $37.90 and a fifty-two week high of $71.02. The firm’s fifty day moving average is $66.42 and its 200 day moving average is $65.43.

The company also recently announced a quarterly dividend, which was paid on Thursday, September 30th. Investors of record on Tuesday, September 21st were paid a dividend of $0.341 per share. This is a boost from Invesco KBW Bank ETF’s previous quarterly dividend of $0.33. The ex-dividend date was Monday, September 20th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.99%.

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