Invesco KBW High Dividend Yield Financial ETF (NASDAQ:KBWD) was the target of a significant increase in short interest in the month of December. As of December 31st, there was short interest totalling 273,600 shares, an increase of 84.9% from the December 15th total of 148,000 shares. Based on an average daily volume of 140,300 shares, the days-to-cover ratio is presently 2.0 days.

Several institutional investors and hedge funds have recently made changes to their positions in the company. PNC Financial Services Group Inc. grew its position in shares of Invesco KBW High Dividend Yield Financial ETF by 9.7% during the second quarter. PNC Financial Services Group Inc. now owns 248,077 shares of the company’s stock worth $3,367,000 after acquiring an additional 21,997 shares during the last quarter. Bank of America Corp DE boosted its holdings in shares of Invesco KBW High Dividend Yield Financial ETF by 16.0% during the 2nd quarter. Bank of America Corp DE now owns 108,390 shares of the company’s stock valued at $1,471,000 after acquiring an additional 14,911 shares during the last quarter. Cetera Advisor Networks LLC boosted its holdings in shares of Invesco KBW High Dividend Yield Financial ETF by 1.3% during the 3rd quarter. Cetera Advisor Networks LLC now owns 86,304 shares of the company’s stock valued at $1,158,000 after acquiring an additional 1,144 shares during the last quarter. Cambridge Investment Research Advisors Inc. lifted its stake in shares of Invesco KBW High Dividend Yield Financial ETF by 27.7% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 73,689 shares of the company’s stock worth $989,000 after purchasing an additional 15,989 shares during the period. Finally, Kestra Advisory Services LLC bought a new position in shares of Invesco KBW High Dividend Yield Financial ETF in the 3rd quarter worth approximately $657,000.

NASDAQ KBWD opened at $17.10 on Thursday. The firm has a 50 day simple moving average of $16.56 and a 200-day simple moving average of $15.30. Invesco KBW High Dividend Yield Financial ETF has a one year low of $8.95 and a one year high of $22.95.

The firm also recently announced a monthly dividend, which was paid on Thursday, December 31st. Stockholders of record on Tuesday, December 22nd were given a dividend of $0.111 per share. The ex-dividend date of this dividend was Monday, December 21st. This represents a $1.33 dividend on an annualized basis and a dividend yield of 7.79%.

See Also: Net Margin – Understanding the Different Kinds of Profit

Receive News & Ratings for Invesco KBW High Dividend Yield Financial ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invesco KBW High Dividend Yield Financial ETF and related companies with MarketBeat.com's FREE daily email newsletter.