Invesco KBW Property & Casualty Insurance ETF (NASDAQ:KBWP) Short Interest Update

Invesco KBW Property & Casualty Insurance ETF (NASDAQ:KBWP) was the target of a large growth in short interest in the month of November. As of November 15th, there was short interest totalling 35,700 shares, a growth of 32.7% from the October 31st total of 26,900 shares. Based on an average trading volume of 63,800 shares, the short-interest ratio is currently 0.6 days.

Institutional Investors Weigh In On Invesco KBW Property & Casualty Insurance ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. AdvisorNet Financial Inc increased its stake in shares of Invesco KBW Property & Casualty Insurance ETF by 8.5% during the 2nd quarter. AdvisorNet Financial Inc now owns 1,323 shares of the company’s stock worth $135,000 after purchasing an additional 104 shares during the last quarter. WBI Investments LLC boosted its holdings in Invesco KBW Property & Casualty Insurance ETF by 6.7% in the 2nd quarter. WBI Investments LLC now owns 2,231 shares of the company’s stock valued at $229,000 after purchasing an additional 140 shares during the period. Jane Street Group LLC boosted its holdings in Invesco KBW Property & Casualty Insurance ETF by 11.9% in the 3rd quarter. Jane Street Group LLC now owns 3,923 shares of the company’s stock valued at $453,000 after purchasing an additional 418 shares during the period. FMR LLC lifted its holdings in shares of Invesco KBW Property & Casualty Insurance ETF by 196.3% during the 3rd quarter. FMR LLC now owns 791 shares of the company’s stock worth $91,000 after acquiring an additional 524 shares during the period. Finally, Focus Financial Network Inc. lifted its stake in Invesco KBW Property & Casualty Insurance ETF by 3.1% in the 2nd quarter. Focus Financial Network Inc. now owns 19,103 shares of the company’s stock valued at $2,071,000 after purchasing an additional 566 shares during the last quarter.

Invesco KBW Property & Casualty Insurance ETF Trading Down 0.0 %

Shares of NASDAQ:KBWP traded down $0.02 during mid-day trading on Friday, reaching $126.38. The stock had a trading volume of 8,662 shares, compared to its average volume of 34,738. The firm has a market cap of $473.93 million, a PE ratio of 19.40 and a beta of 0.66. The firm has a 50 day simple moving average of $118.31 and a two-hundred day simple moving average of $111.15. Invesco KBW Property & Casualty Insurance ETF has a twelve month low of $88.03 and a twelve month high of $127.17.

Invesco KBW Property & Casualty Insurance ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Monday, September 23rd were issued a dividend of $0.342 per share. This is an increase from Invesco KBW Property & Casualty Insurance ETF’s previous quarterly dividend of $0.31. This represents a $1.37 annualized dividend and a yield of 1.08%. The ex-dividend date was Monday, September 23rd.

About Invesco KBW Property & Casualty Insurance ETF

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.