Short Interest in Invesco KBW High Dividend Yield Financial ETF (NASDAQ:KBWD) Rises By 36.2%

Invesco KBW High Dividend Yield Financial ETF (NASDAQ:KBWD) was the target of a large increase in short interest in the month of March. As of March 31st, there was short interest totaling 368,532 shares, an increase of 36.2% from the March 15th total of 270,598 shares. Based on an average daily trading volume, of 462,201 shares, the short-interest ratio is currently 0.8 days. Approximately 1.1% of the company’s shares are short sold.

Invesco KBW High Dividend Yield Financial ETF Price Performance

Invesco KBW High Dividend Yield Financial ETF stock opened at $13.18 on Friday. The firm has a 50 day simple moving average of $13.02 and a 200-day simple moving average of $13.50. Invesco KBW High Dividend Yield Financial ETF has a 1-year low of $12.05 and a 1-year high of $14.74. The stock has a market cap of $442.06 million, a price-to-earnings ratio of 10.83 and a beta of 1.06.

Invesco KBW High Dividend Yield Financial ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Friday, March 27th. Stockholders of record on Monday, March 23rd were paid a $0.1479 dividend. The ex-dividend date of this dividend was Monday, March 23rd. This represents a c) annualized dividend and a dividend yield of 13.5%.

Institutional Trading of Invesco KBW High Dividend Yield Financial ETF

Several hedge funds have recently made changes to their positions in the company. Optiver Holding B.V. purchased a new position in shares of Invesco KBW High Dividend Yield Financial ETF during the 3rd quarter worth approximately $25,000. Harbour Investments Inc. boosted its position in shares of Invesco KBW High Dividend Yield Financial ETF by 100.0% during the 4th quarter. Harbour Investments Inc. now owns 2,000 shares of the company’s stock worth $27,000 after purchasing an additional 1,000 shares during the period. WFA of San Diego LLC purchased a new position in shares of Invesco KBW High Dividend Yield Financial ETF during the 2nd quarter worth approximately $33,000. Global Retirement Partners LLC boosted its position in shares of Invesco KBW High Dividend Yield Financial ETF by 415.8% during the 3rd quarter. Global Retirement Partners LLC now owns 3,750 shares of the company’s stock worth $51,000 after purchasing an additional 3,023 shares during the period. Finally, Kestra Advisory Services LLC purchased a new position in shares of Invesco KBW High Dividend Yield Financial ETF during the 4th quarter worth approximately $52,000.

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.