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

Invesco KBW High Dividend Yield Financial ETF (NASDAQ:KBWD) saw a large decrease in short interest during the month of May. As of May 31st, there was short interest totalling 322,400 shares, a decrease of 32.4% from the May 15th total of 476,700 shares. Currently, 1.1% of the company’s shares are short sold. Based on an average trading volume of 248,700 shares, the days-to-cover ratio is currently 1.3 days.

Institutional Trading of Invesco KBW High Dividend Yield Financial ETF

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Wells Fargo & Company MN increased its stake in Invesco KBW High Dividend Yield Financial ETF by 197.8% during the 4th quarter. Wells Fargo & Company MN now owns 1,012,486 shares of the company’s stock worth $14,853,000 after purchasing an additional 672,447 shares in the last quarter. TrueMark Investments LLC bought a new stake in Invesco KBW High Dividend Yield Financial ETF during the 1st quarter worth approximately $4,048,000. LPL Financial LLC increased its stake in Invesco KBW High Dividend Yield Financial ETF by 15.4% during the 1st quarter. LPL Financial LLC now owns 855,688 shares of the company’s stock worth $12,365,000 after purchasing an additional 114,298 shares in the last quarter. Mission Hills Financial Advisory LLC boosted its stake in Invesco KBW High Dividend Yield Financial ETF by 15.7% in the 1st quarter. Mission Hills Financial Advisory LLC now owns 528,023 shares of the company’s stock worth $7,630,000 after purchasing an additional 71,686 shares during the period. Finally, Two Sigma Investments LP boosted its stake in Invesco KBW High Dividend Yield Financial ETF by 54.2% in the 4th quarter. Two Sigma Investments LP now owns 181,500 shares of the company’s stock worth $2,663,000 after purchasing an additional 63,800 shares during the period.

Invesco KBW High Dividend Yield Financial ETF Price Performance

Shares of KBWD stock opened at $13.65 on Tuesday. The stock has a market cap of $392.85 million, a PE ratio of 9.99 and a beta of 1.40. The stock has a 50-day moving average of $13.46 and a 200-day moving average of $14.39. Invesco KBW High Dividend Yield Financial ETF has a one year low of $11.96 and a one year high of $16.38.

Invesco KBW High Dividend Yield Financial ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Friday, May 23rd. Stockholders of record on Monday, May 19th were paid a $0.1478 dividend. The ex-dividend date was Monday, May 19th. This is a boost from Invesco KBW High Dividend Yield Financial ETF’s previous monthly dividend of $0.15. This represents a $1.77 dividend on an annualized basis and a dividend yield of 12.99%.

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.