Invesco KBW Bank ETF (KBWB) Sees Large Drop in Short Interest

Invesco KBW Bank ETF (NASDAQ:KBWB) saw a significant decline in short interest in April. As of April 15th, there was short interest totalling 194,022 shares, a decline of 84.2% from the March 29th total of 1,231,250 shares. Based on an average daily volume of 275,153 shares, the short-interest ratio is presently 0.7 days.

NASDAQ:KBWB opened at $52.18 on Monday. Invesco KBW Bank ETF has a 52-week low of $41.02 and a 52-week high of $57.92.

Large investors have recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. increased its position in shares of Invesco KBW Bank ETF by 968.1% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,271 shares of the company’s stock valued at $56,000 after acquiring an additional 1,152 shares during the last quarter. Nalls Sherbakoff Group LLC acquired a new stake in shares of Invesco KBW Bank ETF in the fourth quarter valued at about $75,000. Broadleaf Partners LLC acquired a new stake in shares of Invesco KBW Bank ETF in the first quarter valued at about $215,000. Advanced Asset Management Advisors Inc acquired a new stake in shares of Invesco KBW Bank ETF in the fourth quarter valued at about $304,000. Finally, Two Sigma Advisers LP acquired a new stake in shares of Invesco KBW Bank ETF in the fourth quarter valued at about $344,000.

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