SPDR S&P Regional Banking ETF (NYSEARCA:KRE) was the target of a significant increase in short interest during the month of February. As of February 28th, there was short interest totalling 30,355,381 shares, an increase of 15.9% from the February 15th total of 26,187,078 shares. Based on an average daily trading volume, of 4,547,930 shares, the short-interest ratio is presently 6.7 days.
Shares of NYSEARCA:KRE opened at $54.81 on Monday. SPDR S&P Regional Banking ETF has a 12-month low of $43.95 and a 12-month high of $66.04.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 20th. Investors of record on Monday, March 18th will be paid a $0.2594 dividend. The ex-dividend date of this dividend is Friday, March 15th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.89%.
Several large investors have recently modified their holdings of KRE. Aspire Private Capital LLC bought a new stake in shares of SPDR S&P Regional Banking ETF in the fourth quarter worth $35,000. Kwmg LLC bought a new stake in shares of SPDR S&P Regional Banking ETF in the fourth quarter worth $43,000. SRS Capital Advisors Inc. increased its stake in shares of SPDR S&P Regional Banking ETF by 1,197.7% in the fourth quarter. SRS Capital Advisors Inc. now owns 2,232 shares of the exchange traded fund’s stock worth $104,000 after buying an additional 2,060 shares during the last quarter. Dubuque Bank & Trust Co. bought a new stake in SPDR S&P Regional Banking ETF during the fourth quarter valued at $112,000. Finally, Phocas Financial Corp. bought a new stake in SPDR S&P Regional Banking ETF during the fourth quarter valued at $120,000.
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SPDR S&P Regional Banking ETF Company Profile
SPDR KBW Regional Banking ETF, formerly SPDR S&P Regional Banking ETF, seeks to closely match the returns and characteristics of the S&P Regional Banks Select Industry Index. Its approach is designed to provide portfolios with low portfolio turnover, tracking, and lower costs. As of October 27, 2011, the Company’s holding included Privatebancorp Inc, Webster Finl Corp Conn, Umpqua Hldgs Corp, Firstmerit Corp, East West Bancorp Inc, Fifth Third Bancorp, Fnb Corp Pa, Susquehanna Bancshares Inc and Keycorp New and First Rep Bk San Fran Cali.
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