Short Interest in Invesco KBW High Dividend Yield Financial ETF (NASDAQ:KBWD) Declines By 16.1%

Invesco KBW High Dividend Yield Financial ETF (NASDAQ:KBWD) was the recipient of a large drop in short interest in the month of March. As of March 31st, there was short interest totalling 632,500 shares, a drop of 16.1% from the March 15th total of 754,100 shares. Based on an average daily trading volume, of 268,300 shares, the short-interest ratio is presently 2.4 days. Currently, 2.2% of the shares of the company are short sold.

Invesco KBW High Dividend Yield Financial ETF Stock Performance

Shares of Invesco KBW High Dividend Yield Financial ETF stock opened at $13.02 on Wednesday. The firm has a 50-day moving average of $14.36 and a 200-day moving average of $14.79. Invesco KBW High Dividend Yield Financial ETF has a 52-week low of $11.96 and a 52-week high of $16.38. The stock has a market cap of $374.72 million, a PE ratio of 8.38 and a beta of 1.40.

Invesco KBW High Dividend Yield Financial ETF Cuts Dividend

The firm also recently announced a dividend, which will be paid on Friday, April 25th. Shareholders of record on Monday, April 21st will be given a dividend of $0.1401 per share. The ex-dividend date of this dividend is Monday, April 21st.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. National Bank of Canada FI acquired a new stake in Invesco KBW High Dividend Yield Financial ETF during the fourth quarter worth approximately $29,000. Mattson Financial Services LLC lifted its position in shares of Invesco KBW High Dividend Yield Financial ETF by 44.6% during the 4th quarter. Mattson Financial Services LLC now owns 4,280 shares of the company’s stock valued at $65,000 after acquiring an additional 1,321 shares during the period. Mpwm Advisory Solutions LLC acquired a new stake in shares of Invesco KBW High Dividend Yield Financial ETF during the 4th quarter worth $82,000. Founders Financial Alliance LLC increased its position in shares of Invesco KBW High Dividend Yield Financial ETF by 10.1% in the fourth quarter. Founders Financial Alliance LLC now owns 7,490 shares of the company’s stock worth $110,000 after purchasing an additional 687 shares during the period. Finally, Comerica Bank raised its stake in Invesco KBW High Dividend Yield Financial ETF by 31.6% in the fourth quarter. Comerica Bank now owns 8,835 shares of the company’s stock valued at $130,000 after purchasing an additional 2,122 shares in the last quarter.

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.