Invesco KBW Regional Banking ETF (NASDAQ:KBWR) Short Interest Update

Invesco KBW Regional Banking ETF (NASDAQ:KBWR) saw a significant drop in short interest in the month of December. As of December 31st, there was short interest totaling 12,562 shares, a drop of 19.8% from the December 15th total of 15,656 shares. Based on an average daily volume of 3,013 shares, the days-to-cover ratio is presently 4.2 days. Currently, 1.6% of the company’s stock are sold short. Currently, 1.6% of the company’s stock are sold short. Based on an average daily volume of 3,013 shares, the days-to-cover ratio is presently 4.2 days.

Invesco KBW Regional Banking ETF Stock Performance

Shares of NASDAQ:KBWR traded down $0.84 during mid-day trading on Tuesday, hitting $64.05. 3,147 shares of the company traded hands, compared to its average volume of 3,746. The firm’s 50 day simple moving average is $62.21 and its 200 day simple moving average is $60.90. The firm has a market cap of $50.60 million, a P/E ratio of 13.81 and a beta of 0.87. Invesco KBW Regional Banking ETF has a 52-week low of $46.85 and a 52-week high of $65.55.

Invesco KBW Regional Banking ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 26th. Stockholders of record on Monday, December 22nd were given a dividend of $0.448 per share. The ex-dividend date of this dividend was Monday, December 22nd. This is an increase from Invesco KBW Regional Banking ETF’s previous quarterly dividend of $0.40. This represents a $1.79 dividend on an annualized basis and a dividend yield of 2.8%.

Institutional Investors Weigh In On Invesco KBW Regional Banking ETF

Large investors have recently added to or reduced their stakes in the company. Jane Street Group LLC bought a new stake in Invesco KBW Regional Banking ETF during the first quarter valued at $302,000. Meritage Portfolio Management boosted its holdings in shares of Invesco KBW Regional Banking ETF by 4.3% in the 2nd quarter. Meritage Portfolio Management now owns 10,180 shares of the company’s stock valued at $588,000 after buying an additional 420 shares during the period. Raymond James Financial Inc. acquired a new position in shares of Invesco KBW Regional Banking ETF in the 2nd quarter valued at about $43,000. Byrne Financial Freedom LLC grew its position in shares of Invesco KBW Regional Banking ETF by 3.2% during the 2nd quarter. Byrne Financial Freedom LLC now owns 63,642 shares of the company’s stock valued at $3,678,000 after buying an additional 1,981 shares during the last quarter. Finally, Osaic Holdings Inc. raised its stake in Invesco KBW Regional Banking ETF by 46.5% during the second quarter. Osaic Holdings Inc. now owns 3,622 shares of the company’s stock worth $209,000 after acquiring an additional 1,149 shares during the period.

About Invesco KBW Regional Banking ETF

The Invesco KBW Regional Banking ETF (KBWR) is an exchange-traded fund that is based on the KBW Nasdaq Regional Banking index, a modified market-cap-weighted index focused exclusively on regional banking firms in the US. KBWR was launched on Nov 1, 2011 and is managed by Invesco.