Invesco KBW Property & Casualty Insurance ETF (NASDAQ:KBWP) Short Interest Down 31.1% in January

Invesco KBW Property & Casualty Insurance ETF (NASDAQ:KBWP) was the target of a significant drop in short interest during the month of January. As of January 30th, there was short interest totaling 7,606 shares, a drop of 31.1% from the January 15th total of 11,043 shares. Based on an average daily volume of 17,280 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.3% of the company’s shares are short sold. Approximately 0.3% of the company’s shares are short sold. Based on an average daily volume of 17,280 shares, the days-to-cover ratio is presently 0.4 days.

Institutional Investors Weigh In On Invesco KBW Property & Casualty Insurance ETF

Several institutional investors have recently added to or reduced their stakes in KBWP. WFA of San Diego LLC acquired a new position in shares of Invesco KBW Property & Casualty Insurance ETF in the 2nd quarter valued at about $32,000. Flagship Harbor Advisors LLC acquired a new position in Invesco KBW Property & Casualty Insurance ETF in the fourth quarter valued at approximately $60,000. GGM Financials LLC acquired a new position in Invesco KBW Property & Casualty Insurance ETF in the third quarter valued at approximately $91,000. Sound Income Strategies LLC boosted its position in Invesco KBW Property & Casualty Insurance ETF by 32,625.0% in the 4th quarter. Sound Income Strategies LLC now owns 1,309 shares of the company’s stock worth $159,000 after purchasing an additional 1,305 shares in the last quarter. Finally, NewEdge Advisors LLC acquired a new stake in shares of Invesco KBW Property & Casualty Insurance ETF during the 3rd quarter worth approximately $187,000.

Invesco KBW Property & Casualty Insurance ETF Stock Performance

Invesco KBW Property & Casualty Insurance ETF stock traded down $0.99 during trading hours on Friday, hitting $121.99. The company had a trading volume of 14,657 shares, compared to its average volume of 20,755. The firm has a market cap of $279.36 million, a P/E ratio of 13.50 and a beta of 0.55. The company has a 50-day moving average price of $124.63 and a two-hundred day moving average price of $122.33. Invesco KBW Property & Casualty Insurance ETF has a 1 year low of $108.64 and a 1 year high of $129.00.

Invesco KBW Property & Casualty Insurance ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 26th. Investors of record on Monday, December 22nd were given a dividend of $0.6048 per share. The ex-dividend date of this dividend was Monday, December 22nd. This is a positive change from Invesco KBW Property & Casualty Insurance ETF’s previous quarterly dividend of $0.37. This represents a $2.42 dividend on an annualized basis and a yield of 2.0%.

About Invesco KBW Property & Casualty Insurance ETF

The Invesco KBW Property & Casualty Insurance ETF (KBWP) is an exchange-traded fund that mostly invests in financials equity. The fund tracks a modified market-cap-weighted index focused exclusively on property & casualty insurance companies in the US. KBWP was launched on Dec 2, 2010 and is managed by Invesco.