Invesco KBW Bank ETF (NASDAQ:KBWB – Get Free Report) was the recipient of a large increase in short interest during the month of June. As of June 15th, there was short interest totalling 3,980,000 shares, an increase of 10.9% from the May 31st total of 3,590,000 shares. Based on an average daily volume of 599,600 shares, the days-to-cover ratio is presently 6.6 days.
Invesco KBW Bank ETF Price Performance
Shares of NASDAQ:KBWB traded up $0.60 during mid-day trading on Tuesday, hitting $54.45. The company had a trading volume of 843,922 shares, compared to its average volume of 783,961. The firm has a fifty day moving average price of $53.25 and a 200 day moving average price of $51.11. The company has a market capitalization of $1.61 billion, a PE ratio of 10.69 and a beta of 1.19. Invesco KBW Bank ETF has a one year low of $36.51 and a one year high of $55.44.
Invesco KBW Bank ETF Cuts Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Monday, June 24th were paid a $0.3984 dividend. The ex-dividend date was Monday, June 24th. This represents a $1.59 annualized dividend and a dividend yield of 2.93%.
Institutional Trading of Invesco KBW Bank ETF
Invesco KBW Bank ETF Company Profile
The Invesco KBW Bank ETF (KBWB) is an exchange-traded fund that is based on the KBW Nasdaq Bank index, a modified market-cap-weighted index of US banking firms. KBWB was launched on Nov 1, 2011 and is managed by Invesco.
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