PowerShares KBW Bank Portfolio (NASDAQ:KBWB) was the target of a large decline in short interest in January. As of January 31st, there was short interest totalling 1,047,321 shares, a decline of 40.4% from the January 12th total of 1,758,587 shares. Based on an average daily volume of 471,289 shares, the short-interest ratio is currently 2.2 days.

Several large investors have recently added to or reduced their stakes in the company. Ladenburg Thalmann Financial Services Inc. lifted its holdings in shares of PowerShares KBW Bank Portfolio by 7.7% during the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 16,207 shares of the company’s stock valued at $830,000 after purchasing an additional 1,161 shares in the last quarter. SOL Capital Management CO lifted its holdings in shares of PowerShares KBW Bank Portfolio by 0.5% during the 3rd quarter. SOL Capital Management CO now owns 278,432 shares of the company’s stock valued at $14,256,000 after purchasing an additional 1,250 shares in the last quarter. Bronfman E.L. Rothschild L.P. bought a new position in shares of PowerShares KBW Bank Portfolio during the 4th quarter valued at about $100,000. SeaCrest Wealth Management LLC acquired a new stake in PowerShares KBW Bank Portfolio in the 4th quarter valued at approximately $110,000. Finally, IndexIQ Advisors LLC raised its position in PowerShares KBW Bank Portfolio by 193.3% in the 3rd quarter. IndexIQ Advisors LLC now owns 4,141 shares of the company’s stock valued at $213,000 after buying an additional 2,729 shares during the last quarter.

PowerShares KBW Bank Portfolio (NASDAQ KBWB) opened at $55.86 on Monday. PowerShares KBW Bank Portfolio has a 1-year low of $45.34 and a 1-year high of $60.38.

COPYRIGHT VIOLATION NOTICE: This piece of content was first posted by TheOlympiaReport and is owned by of TheOlympiaReport. If you are accessing this piece of content on another publication, it was illegally copied and reposted in violation of United States & international copyright & trademark law. The correct version of this piece of content can be viewed at https://theolympiareport.com/2018/02/12/powershares-kbw-bank-portfolio-kbwb-short-interest-down-40-4-in-january.html.

Receive News & Ratings for PowerShares KBW Bank Portfolio Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PowerShares KBW Bank Portfolio and related companies with MarketBeat.com's FREE daily email newsletter.