Invesco KBW High Dividend Yield Financial ETF (NASDAQ:KBWD) Stock Short Interest Falls 41.9%

Invesco KBW High Dividend Yield Financial ETF (NASDAQ:KBWD) was the recipient of a significant drop in short interest in October. As of October 15th, there was short interest totaling 331,074 shares, a drop of 41.9% from the September 30th total of 570,301 shares. Based on an average daily trading volume, of 974,665 shares, the days-to-cover ratio is presently 0.3 days. Approximately 1.0% of the company’s shares are short sold.

Hedge Funds Weigh In On Invesco KBW High Dividend Yield Financial ETF

Several hedge funds have recently added to or reduced their stakes in KBWD. Fifth Third Bancorp purchased a new stake in shares of Invesco KBW High Dividend Yield Financial ETF during the 1st quarter valued at $120,000. NewEdge Advisors LLC grew its holdings in shares of Invesco KBW High Dividend Yield Financial ETF by 3,108.1% during the second quarter. NewEdge Advisors LLC now owns 17,484 shares of the company’s stock valued at $217,000 after purchasing an additional 16,939 shares during the last quarter. Independent Financial Group LLC acquired a new position in Invesco KBW High Dividend Yield Financial ETF during the 1st quarter worth $373,000. Winnow Wealth LLC raised its holdings in Invesco KBW High Dividend Yield Financial ETF by 11.5% during the first quarter. Winnow Wealth LLC now owns 32,490 shares of the company’s stock worth $407,000 after purchasing an additional 3,352 shares in the last quarter. Finally, Cetera Investment Advisers lifted its holdings in Invesco KBW High Dividend Yield Financial ETF by 10.4% in the 1st quarter. Cetera Investment Advisers now owns 57,599 shares of the company’s stock valued at $722,000 after acquiring an additional 5,408 shares during the last quarter.

Invesco KBW High Dividend Yield Financial ETF Stock Up 1.3%

NASDAQ KBWD traded up $0.14 on Monday, reaching $10.70. The stock had a trading volume of 1,409,855 shares, compared to its average volume of 468,419. The firm has a market capitalization of $336.19 million, a price-to-earnings ratio of 10.83 and a beta of 1.06. The stock has a fifty day moving average price of $11.37 and a two-hundred day moving average price of $12.50. Invesco KBW High Dividend Yield Financial ETF has a 12-month low of $10.05 and a 12-month high of $14.74.

Invesco KBW High Dividend Yield Financial ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, October 23rd. Stockholders of record on Monday, October 19th were issued a $0.1348 dividend. The ex-dividend date of this dividend was Monday, October 19th. This is a decrease from Invesco KBW High Dividend Yield Financial ETF’s previous monthly dividend of $0.1350. This represents a $1.62 annualized dividend and a dividend yield of 15.1%.

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.