Short Interest in Invesco KBW High Dividend Yield Financial ETF (NASDAQ:KBWD) Expands By 28.1%

Invesco KBW High Dividend Yield Financial ETF (NASDAQ:KBWD) was the target of a large growth in short interest in the month of December. As of December 31st, there was short interest totaling 173,088 shares, a growth of 28.1% from the December 15th total of 135,079 shares. Approximately 0.6% of the shares of the company are sold short. Based on an average trading volume of 254,208 shares, the short-interest ratio is presently 0.7 days. Based on an average trading volume of 254,208 shares, the short-interest ratio is presently 0.7 days. Approximately 0.6% of the shares of the company are sold short.

Invesco KBW High Dividend Yield Financial ETF Stock Performance

Shares of KBWD stock traded up $0.10 during trading hours on Friday, reaching $14.71. The company had a trading volume of 350,670 shares, compared to its average volume of 386,052. The business has a fifty day moving average price of $13.80 and a 200-day moving average price of $13.84. Invesco KBW High Dividend Yield Financial ETF has a one year low of $11.96 and a one year high of $15.80. The firm has a market cap of $456.60 million, a PE ratio of 10.83 and a beta of 1.15.

Invesco KBW High Dividend Yield Financial ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Friday, December 26th. Shareholders of record on Monday, December 22nd were given a $0.1478 dividend. This is a boost from Invesco KBW High Dividend Yield Financial ETF’s previous monthly dividend of $0.15. The ex-dividend date of this dividend was Monday, December 22nd. This represents a c) dividend on an annualized basis and a yield of 12.1%.

Hedge Funds Weigh In On Invesco KBW High Dividend Yield Financial ETF

Hedge funds and other institutional investors have recently modified their holdings of the company. Farther Finance Advisors LLC grew its holdings in shares of Invesco KBW High Dividend Yield Financial ETF by 7.6% in the second quarter. Farther Finance Advisors LLC now owns 10,181 shares of the company’s stock worth $141,000 after acquiring an additional 718 shares during the period. Comerica Bank boosted its position in Invesco KBW High Dividend Yield Financial ETF by 11.7% in the third quarter. Comerica Bank now owns 8,451 shares of the company’s stock worth $114,000 after purchasing an additional 887 shares during the last quarter. CWM LLC grew its stake in shares of Invesco KBW High Dividend Yield Financial ETF by 3.9% during the 2nd quarter. CWM LLC now owns 28,846 shares of the company’s stock valued at $400,000 after purchasing an additional 1,084 shares during the period. Rockefeller Capital Management L.P. increased its position in shares of Invesco KBW High Dividend Yield Financial ETF by 3.4% during the 2nd quarter. Rockefeller Capital Management L.P. now owns 35,665 shares of the company’s stock valued at $495,000 after purchasing an additional 1,167 shares during the last quarter. Finally, IFP Advisors Inc increased its position in shares of 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 valued at $272,000 after purchasing an additional 1,633 shares during the last quarter.

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.