Invesco KBW Property & Casualty Insurance ETF (NASDAQ:KBWP) Sees Large Decline in Short Interest

Invesco KBW Property & Casualty Insurance ETF (NASDAQ:KBWPGet Free Report) was the target of a large decrease in short interest in the month of July. As of July 31st, there was short interest totaling 11,906 shares, a decrease of 47.8% from the July 15th total of 22,821 shares. Currently, 0.6% of the company’s shares are sold short. Based on an average daily volume of 20,729 shares, the days-to-cover ratio is presently 0.6 days.

Invesco KBW Property & Casualty Insurance ETF Price Performance

Shares of NASDAQ:KBWP traded up $0.96 during midday trading on Tuesday, reaching $132.58. 23,093 shares of the company’s stock were exchanged, compared to its average volume of 17,308. The stock has a market cap of $267.81 million, a price-to-earnings ratio of 13.50 and a beta of 0.39. Invesco KBW Property & Casualty Insurance ETF has a fifty-two week low of $114.62 and a fifty-two week high of $140.37. The firm’s 50 day simple moving average is $130.26 and its two-hundred day simple moving average is $124.33.

Invesco KBW Property & Casualty Insurance ETF Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Monday, June 22nd were given a dividend of $0.4994 per share. The ex-dividend date was Monday, June 22nd. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.5%.

Hedge Funds Weigh In On Invesco KBW Property & Casualty Insurance ETF

Several large investors have recently made changes to their positions in KBWP. WFA of San Diego LLC acquired a new stake in Invesco KBW Property & Casualty Insurance ETF in the 2nd quarter valued at approximately $32,000. J.W. Cole Advisors Inc. boosted its position in shares of Invesco KBW Property & Casualty Insurance ETF by 7.4% during the fourth quarter. J.W. Cole Advisors Inc. now owns 4,361 shares of the company’s stock worth $555,000 after buying an additional 300 shares during the period. Great Valley Advisor Group Inc. boosted its position in shares of Invesco KBW Property & Casualty Insurance ETF by 16.6% during the fourth quarter. Great Valley Advisor Group Inc. now owns 2,456 shares of the company’s stock worth $313,000 after buying an additional 349 shares during the period. Kestra Advisory Services LLC grew its stake in shares of Invesco KBW Property & Casualty Insurance ETF by 2.8% in the first quarter. Kestra Advisory Services LLC now owns 16,600 shares of the company’s stock valued at $1,975,000 after buying an additional 448 shares in the last quarter. Finally, MML Investors Services LLC raised its holdings in shares of Invesco KBW Property & Casualty Insurance ETF by 5.1% in the 2nd quarter. MML Investors Services LLC now owns 10,703 shares of the company’s stock valued at $1,315,000 after buying an additional 521 shares during the period.

Invesco KBW Property & Casualty Insurance ETF Company Profile

(Get Free Report)

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.

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