Insurance

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


Invesco KBW Property & Casualty Insurance ETF (NASDAQ:KBWP – Get Rating) was the recipient of a large decline in short interest during the month of April. As of April 30th, there was short interest totalling 10,300 shares, a decline of 31.8% from the April 15th total of 15,100 shares. Based on an average daily volume of 21,500 shares, the days-to-cover ratio is currently 0.5 days.

KBWP stock traded up $0.54 during trading on Friday, hitting $81.84. The stock had a trading volume of 8,171 shares, compared to its average volume of 17,298. The company’s 50 day moving average price is $84.65 and its two-hundred day moving average price is $81.57. Invesco KBW Property & Casualty Insurance ETF has a 1-year low of $73.75 and a 1-year high of $88.96.

A number of hedge funds have recently made changes to their positions in KBWP. Paragon Capital Management Ltd acquired a new position in Invesco KBW Property & Casualty Insurance ETF in the 4th quarter valued at about $80,000. UBS Group AG raised its stake in Invesco KBW Property & Casualty Insurance ETF by 1,568.9% in the 3rd quarter. UBS Group AG now owns 2,737 shares of the company’s stock valued at $208,000 after purchasing an additional 2,573 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its stake in shares of Invesco KBW Property & Casualty Insurance ETF by 5.8% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 3,228 shares of the company’s stock valued at $246,000 after acquiring an additional 176 shares during the last quarter. Cetera Investment Advisers increased its stake in shares of Invesco KBW Property & Casualty Insurance ETF by 4.4% during the 1st quarter. Cetera Investment Advisers now owns 2,943 shares of the company’s stock valued at $256,000 after acquiring an additional 125 shares during the last quarter. Finally, Hennion & Walsh Asset Management Inc. acquired a new position in shares of Invesco KBW Property & Casualty Insurance ETF during the 1st quarter valued at about $265,000.

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