Short Interest in Invesco KBW Property & Casualty Insurance ETF (NASDAQ:KBWP) Grows By 8.3%

Invesco KBW Property & Casualty Insurance ETF (NASDAQ:KBWP – Get Rating) saw a significant increase in short interest in February. As of February 28th, there was short interest totalling 2,600 shares, an increase of 8.3% from the February 13th total of 2,400 shares. Based on an average daily trading volume, of 36,600 shares, the short-interest ratio is currently 0.1 days.

Hedge Funds Weigh In On Invesco KBW Property & Casualty Insurance ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Envestnet Asset Management Inc. boosted its holdings in Invesco KBW Property & Casualty Insurance ETF by 2.9% in the 4th quarter. Envestnet Asset Management Inc. now owns 4,346 shares of the company’s stock valued at $374,000 after purchasing an additional 124 shares in the last quarter. Cetera Investment Advisers raised its position 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 worth $256,000 after purchasing an additional 125 shares during the last quarter. McElhenny Sheffield Capital Management LLC purchased a new position in shares of Invesco KBW Property & Casualty Insurance ETF during the 4th quarter worth $28,000. Northwestern Mutual Wealth Management Co. acquired a new position in Invesco KBW Property & Casualty Insurance ETF in the second quarter valued at $28,000. Finally, SeaCrest Wealth Management LLC acquired a new position in Invesco KBW Property & Casualty Insurance ETF in the second quarter valued at $36,000.

Invesco KBW Property & Casualty Insurance ETF Price Performance

Invesco KBW Property & Casualty Insurance ETF stock opened at $83.11 on Friday. The stock’s fifty day moving average is $88.55 and its two-hundred day moving average is $84.29. Invesco KBW Property & Casualty Insurance ETF has a 1-year low of $72.41 and a 1-year high of $92.03. The stock has a market cap of $352.39 million, a PE ratio of 15.20 and a beta of 0.67.

About Invesco KBW Property & Casualty Insurance ETF

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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.