Invesco KBW Property & Casualty Insurance ETF (NASDAQ:KBWP) Sees Large Growth in Short Interest

Invesco KBW Property & Casualty Insurance ETF (NASDAQ:KBWP) saw a large growth in short interest in the month of December. As of December 15th, there was short interest totalling 52,200 shares, a growth of 60.6% from the November 30th total of 32,500 shares. Based on an average daily trading volume, of 41,900 shares, the short-interest ratio is presently 1.2 days.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. WBI Investments LLC grew its holdings in Invesco KBW Property & Casualty Insurance ETF by 6.7% during the 2nd quarter. WBI Investments LLC now owns 2,231 shares of the company’s stock valued at $229,000 after buying an additional 140 shares in the last quarter. Jane Street Group LLC grew its stake in Invesco KBW Property & Casualty Insurance ETF by 11.9% during the third quarter. Jane Street Group LLC now owns 3,923 shares of the company’s stock valued at $453,000 after acquiring an additional 418 shares in the last quarter. FMR LLC increased its holdings in Invesco KBW Property & Casualty Insurance ETF by 196.3% in the 3rd quarter. FMR LLC now owns 791 shares of the company’s stock valued at $91,000 after acquiring an additional 524 shares during the last quarter. Kingsview Wealth Management LLC lifted its stake in Invesco KBW Property & Casualty Insurance ETF by 1.2% in the 3rd quarter. Kingsview Wealth Management LLC now owns 58,537 shares of the company’s stock worth $6,764,000 after purchasing an additional 709 shares in the last quarter. Finally, MML Investors Services LLC boosted its holdings in shares of Invesco KBW Property & Casualty Insurance ETF by 7.0% during the 3rd quarter. MML Investors Services LLC now owns 10,895 shares of the company’s stock valued at $1,259,000 after purchasing an additional 716 shares during the last quarter.

Invesco KBW Property & Casualty Insurance ETF Stock Down 0.8 %

KBWP stock traded down $0.94 during trading on Friday, reaching $116.03. The company’s stock had a trading volume of 16,536 shares, compared to its average volume of 33,718. The company’s fifty day moving average is $119.55 and its 200-day moving average is $113.05. Invesco KBW Property & Casualty Insurance ETF has a 1 year low of $89.79 and a 1 year high of $127.17. The company has a market capitalization of $435.11 million, a P/E ratio of 19.40 and a beta of 0.66.

Invesco KBW Property & Casualty Insurance ETF Announces Dividend

The firm also recently announced a dividend, which will be paid on Friday, December 27th. Investors of record on Monday, December 23rd will be paid a dividend of $0.7787 per share. The ex-dividend date of this dividend is Monday, December 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.