Invesco KBW Bank ETF (NASDAQ:KBWB – Get Free Report) was the recipient of a significant decrease in short interest in August. As of August 31st, there was short interest totalling 1,820,000 shares, a decrease of 10.8% from the August 15th total of 2,040,000 shares. Based on an average daily volume of 841,600 shares, the short-interest ratio is presently 2.2 days.
Hedge Funds Weigh In On Invesco KBW Bank ETF
A number of hedge funds have recently made changes to their positions in the business. Trust Co. of Vermont raised its stake in Invesco KBW Bank ETF by 105.3% during the 4th quarter. Trust Co. of Vermont now owns 616 shares of the company’s stock valued at $30,000 after purchasing an additional 316 shares during the period. PNC Financial Services Group Inc. purchased a new stake in Invesco KBW Bank ETF during the 4th quarter valued at approximately $37,000. International Assets Investment Management LLC bought a new stake in shares of Invesco KBW Bank ETF during the second quarter valued at approximately $43,000. Lynx Investment Advisory purchased a new position in shares of Invesco KBW Bank ETF in the second quarter worth $121,000. Finally, Caprock Group LLC bought a new position in shares of Invesco KBW Bank ETF during the first quarter worth $208,000.
Invesco KBW Bank ETF Price Performance
Shares of KBWB stock traded up $0.40 on Tuesday, hitting $57.82. 796,377 shares of the stock traded hands, compared to its average volume of 818,640. The firm has a market cap of $1.67 billion, a price-to-earnings ratio of 10.69 and a beta of 1.19. The firm has a 50 day simple moving average of $56.98 and a two-hundred day simple moving average of $54.13. Invesco KBW Bank ETF has a 52 week low of $36.51 and a 52 week high of $59.68.
Invesco KBW Bank ETF Cuts Dividend
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.
See Also
- Five stocks we like better than Invesco KBW Bank ETF
- Find and Profitably Trade Stocks at 52-Week Lows
- Galmed Pharmaceuticals Surges 400%: What’s Behind the Explosion?
- Comparing and Trading High PE Ratio Stocks
- Gold Hits New All-Time Highs: 3 Stocks to Ride the Surge
- What Does a Gap Up Mean in Stocks? How to Play the Gap
- Intel: Why It’s Time to Reconsider This Beaten-Down Chipmaker
Receive News & Ratings for Invesco KBW Bank ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invesco KBW Bank ETF and related companies with MarketBeat.com's FREE daily email newsletter.