Invesco KBW High Dividend Yield Financial ETF (NASDAQ:KBWD - Get Rating) was the target of a significant drop in short interest in April. As of April 30th, there was short interest totalling 19,700 shares, a drop of 50.0% from the April 15th total of 39,400 shares. Based on an average daily volume of 124,800 shares, the days-to-cover ratio is currently 0.2 days.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Herold Advisors Inc. purchased a new stake in Invesco KBW High Dividend Yield Financial ETF during the 1st quarter valued at approximately $27,000. Ambassador Advisors LLC bought a new position in shares of Invesco KBW High Dividend Yield Financial ETF in the third quarter worth about $33,000. Ahrens Investment Partners LLC bought a new position in Invesco KBW High Dividend Yield Financial ETF during the 4th quarter worth about $34,000. Simplex Trading LLC bought a new position in Invesco KBW High Dividend Yield Financial ETF during the 1st quarter worth about $62,000. Finally, Barclays PLC grew its holdings in Invesco KBW High Dividend Yield Financial ETF by 682.4% during the 3rd quarter. Barclays PLC now owns 3,912 shares of the company's stock worth $80,000 after acquiring an additional 3,412 shares in the last quarter.
Shares of KBWD stock traded up $0.21 during trading hours on Friday, hitting $17.70. 100 shares of the company's stock were exchanged, compared to its average volume of 142,321. Invesco KBW High Dividend Yield Financial ETF has a 12-month low of $17.21 and a 12-month high of $21.65. The business's 50 day simple moving average is $18.80 and its 200-day simple moving average is $19.74.
The business also recently announced a monthly dividend, which was paid on Friday, April 29th. Shareholders of record on Tuesday, April 19th were paid a dividend of $0.137 per share. This represents a $1.64 annualized dividend and a yield of 9.29%. The ex-dividend date of this dividend was Monday, April 18th.
See Also
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected]
Before you consider Invesco KBW High Dividend Yield Financial ETF, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Invesco KBW High Dividend Yield Financial ETF wasn't on the list.
While Invesco KBW High Dividend Yield Financial ETF currently has a "N/A" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The 5 Stocks Here
