Invesco KBW High Dividend Yield Financial ETF (NASDAQ:KBWD) Sees Significant Decline in Short Interest

Invesco KBW High Dividend Yield Financial ETF (NASDAQ:KBWD) was the recipient of a large decline in short interest in October. As of October 15th, there was short interest totaling 331,074 shares, a decline of 41.9% from the September 30th total of 570,301 shares. Based on an average daily trading volume, of 974,665 shares, the short-interest ratio is currently 0.3 days. Approximately 1.0% of the company’s stock are sold short.

Invesco KBW High Dividend Yield Financial ETF Stock Down 1.9%

Shares of NASDAQ:KBWD traded down $0.21 during midday trading on Friday, reaching $10.56. The company’s stock had a trading volume of 851,218 shares, compared to its average volume of 463,912. The firm has a 50 day moving average of $11.37 and a 200-day moving average of $12.50. The firm has a market capitalization of $332.64 million, a P/E ratio of 10.83 and a beta of 1.06. Invesco KBW High Dividend Yield Financial ETF has a 12-month low of $10.05 and a 12-month high of $14.74.

Invesco KBW High Dividend Yield Financial ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, October 23rd. Investors of record on Monday, October 19th were paid a dividend of $0.1348 per share. The ex-dividend date of this dividend was Monday, October 19th. This is a decrease from Invesco KBW High Dividend Yield Financial ETF’s previous monthly dividend of $0.1350. This represents a $1.62 annualized dividend and a yield of 15.3%.

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

Institutional investors and hedge funds have recently made changes to their positions in the business. Gradient Investments LLC bought a new position in shares of Invesco KBW High Dividend Yield Financial ETF during the third quarter valued at approximately $7,157,000. Envestnet Asset Management Inc. boosted its position in shares of Invesco KBW High Dividend Yield Financial ETF by 8.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 121,856 shares of the company’s stock worth $1,513,000 after purchasing an additional 9,071 shares in the last quarter. NewEdge Advisors LLC boosted its position in shares of Invesco KBW High Dividend Yield Financial ETF by 3,108.1% in the 2nd quarter. NewEdge Advisors LLC now owns 17,484 shares of the company’s stock worth $217,000 after purchasing an additional 16,939 shares in the last quarter. Winnow Wealth LLC grew its stake in shares of Invesco KBW High Dividend Yield Financial ETF by 11.5% in the 1st quarter. Winnow Wealth LLC now owns 32,490 shares of the company’s stock worth $407,000 after buying an additional 3,352 shares during the last quarter. Finally, Bank of America Corp DE grew its stake in shares of Invesco KBW High Dividend Yield Financial ETF by 2.6% in the 1st quarter. Bank of America Corp DE now owns 726,416 shares of the company’s stock worth $9,109,000 after buying an additional 18,508 shares during the last quarter.

Invesco KBW High Dividend Yield Financial ETF Company Profile

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.