Short Interest in Invesco KBW Property & Casualty Insurance ETF (NASDAQ:KBWP) Decreases By 31.1%

Invesco KBW Property & Casualty Insurance ETF (NASDAQ:KBWP) saw a large decrease in short interest in January. As of January 30th, there was short interest totaling 7,606 shares, a decrease of 31.1% from the January 15th total of 11,043 shares. Based on an average daily volume of 17,280 shares, the short-interest ratio is currently 0.4 days. Approximately 0.3% of the company’s shares are short sold. Approximately 0.3% of the company’s shares are short sold. Based on an average daily volume of 17,280 shares, the short-interest ratio is currently 0.4 days.

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

Several institutional investors and hedge funds have recently bought and sold shares of the company. Kestra Advisory Services LLC increased its position in Invesco KBW Property & Casualty Insurance ETF by 60.2% during the 4th quarter. Kestra Advisory Services LLC now owns 16,152 shares of the company’s stock valued at $2,056,000 after buying an additional 6,072 shares in the last quarter. Jane Street Group LLC grew its stake in shares of Invesco KBW Property & Casualty Insurance ETF by 43.0% during the fourth quarter. Jane Street Group LLC now owns 2,752 shares of the company’s stock worth $350,000 after acquiring an additional 827 shares during the last quarter. Orion Porfolio Solutions LLC increased its holdings in shares of Invesco KBW Property & Casualty Insurance ETF by 188.8% during the fourth quarter. Orion Porfolio Solutions LLC now owns 5,810 shares of the company’s stock valued at $740,000 after acquiring an additional 3,798 shares in the last quarter. Virtue Capital Management LLC increased its holdings in shares of Invesco KBW Property & Casualty Insurance ETF by 1,299.4% during the fourth quarter. Virtue Capital Management LLC now owns 29,290 shares of the company’s stock valued at $3,729,000 after acquiring an additional 27,197 shares in the last quarter. Finally, Great Valley Advisor Group Inc. raised its position in shares of Invesco KBW Property & Casualty Insurance ETF by 16.6% in the 4th quarter. Great Valley Advisor Group Inc. now owns 2,456 shares of the company’s stock valued at $313,000 after purchasing an additional 349 shares during the last quarter.

Invesco KBW Property & Casualty Insurance ETF Stock Performance

NASDAQ:KBWP traded down $0.99 during trading hours on Friday, reaching $121.99. The company’s stock had a trading volume of 14,657 shares, compared to its average volume of 20,755. The firm has a market capitalization of $279.36 million, a price-to-earnings ratio of 13.50 and a beta of 0.55. The firm has a 50-day simple moving average of $124.63 and a 200-day simple moving average of $122.25. Invesco KBW Property & Casualty Insurance ETF has a 1 year low of $108.64 and a 1 year high of $129.00.

Invesco KBW Property & Casualty Insurance ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 26th. Investors of record on Monday, December 22nd were given a dividend of $0.6048 per share. The ex-dividend date of this dividend was Monday, December 22nd. This is a positive change from Invesco KBW Property & Casualty Insurance ETF’s previous quarterly dividend of $0.37. This represents a $2.42 dividend on an annualized basis and a yield of 2.0%.

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.