SPDR S&P Regional Banking ETF (NYSEARCA:KRE) was the target of a large increase in short interest in 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 trading volume of 4,547,930 shares, the short-interest ratio is currently 6.7 days.
Shares of SPDR S&P Regional Banking ETF stock opened at $54.81 on Friday. SPDR S&P Regional Banking ETF has a twelve month low of $43.95 and a twelve month high of $66.04.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 20th. Stockholders of record on Monday, March 18th will be given a dividend of $0.2594 per share. The ex-dividend date of this dividend is Friday, March 15th. This represents a $1.04 annualized dividend and a dividend yield of 1.89%.
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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