Invesco KBW Property & Casualty Insurance ETF (NASDAQ:KBWP) Short Interest Update

Invesco KBW Property & Casualty Insurance ETF (NASDAQ:KBWP) saw a large drop in short interest in 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. Currently, 0.3% of the company’s shares are sold short. Based on an average daily volume of 17,280 shares, the days-to-cover ratio is currently 0.4 days. Based on an average daily volume of 17,280 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.3% of the company’s shares are sold short.

Invesco KBW Property & Casualty Insurance ETF Stock Down 0.8%

Shares of KBWP stock traded down $0.99 on Monday, hitting $121.99. The stock had a trading volume of 14,657 shares, compared to its average volume of 20,755. Invesco KBW Property & Casualty Insurance ETF has a one year low of $108.64 and a one year high of $129.00. The business has a 50 day moving average price of $124.63 and a 200 day moving average price of $122.33. The company has a market cap of $279.36 million, a PE ratio of 13.50 and a beta of 0.55.

Invesco KBW Property & Casualty Insurance ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 26th. Stockholders of record on Monday, December 22nd were given a $0.6048 dividend. This represents a $2.42 annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend was Monday, December 22nd. This is a boost from Invesco KBW Property & Casualty Insurance ETF’s previous quarterly dividend of $0.37.

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

A number of large investors have recently bought and sold shares of the business. WFA of San Diego LLC bought a new stake in Invesco KBW Property & Casualty Insurance ETF during the 2nd quarter valued at $32,000. Flagship Harbor Advisors LLC bought a new position in shares of Invesco KBW Property & Casualty Insurance ETF in the 4th quarter worth $60,000. GGM Financials LLC purchased a new stake in shares of Invesco KBW Property & Casualty Insurance ETF during the 3rd quarter worth $91,000. Sound Income Strategies LLC boosted its position in Invesco KBW Property & Casualty Insurance ETF by 32,625.0% during the fourth quarter. Sound Income Strategies LLC now owns 1,309 shares of the company’s stock valued at $159,000 after purchasing an additional 1,305 shares in the last quarter. Finally, NewEdge Advisors LLC bought a new stake in Invesco KBW Property & Casualty Insurance ETF during the third quarter valued at about $187,000.

Invesco KBW Property & Casualty Insurance ETF Company Profile

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.