Short Interest in PowerShares Exchange-Traded Fund Trust II (BKLN) Decreases By 42.1%

PowerShares Exchange-Traded Fund Trust II (NYSE:BKLN) was the target of a significant decline in short interest in the month of September. As of September 15th, there was short interest totalling 2,400,742 shares, a decline of 42.1% from the August 31st total of 4,146,735 shares. Based on an average daily trading volume, of 2,409,456 shares, the short-interest ratio is presently 1.0 days.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. boosted its holdings in PowerShares Exchange-Traded Fund Trust II by 1.9% in the 2nd quarter. Goldman Sachs Group Inc. now owns 19,333,766 shares of the exchange traded fund’s stock worth $447,384,000 after buying an additional 351,983 shares during the period. The Manufacturers Life Insurance Company boosted its holdings in PowerShares Exchange-Traded Fund Trust II by 7.1% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 12,854,543 shares of the exchange traded fund’s stock worth $297,454,000 after buying an additional 849,628 shares during the period. Charles Schwab Investment Advisory Inc. boosted its holdings in PowerShares Exchange-Traded Fund Trust II by 7.2% in the 2nd quarter. Charles Schwab Investment Advisory Inc. now owns 8,877,375 shares of the exchange traded fund’s stock worth $205,422,000 after buying an additional 599,947 shares during the period. Mitsubishi UFJ Trust & Banking Corp boosted its holdings in PowerShares Exchange-Traded Fund Trust II by 100.0% in the 2nd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 8,000,000 shares of the exchange traded fund’s stock worth $185,120,000 after buying an additional 4,000,000 shares during the period. Finally, Ameriprise Financial Inc. boosted its holdings in PowerShares Exchange-Traded Fund Trust II by 37.2% in the 2nd quarter. Ameriprise Financial Inc. now owns 7,762,356 shares of the exchange traded fund’s stock worth $179,744,000 after buying an additional 2,102,624 shares during the period.

Shares of PowerShares Exchange-Traded Fund Trust II (NYSE:BKLN) opened at 23.16 on Friday. The company has a 50 day moving average price of $23.10 and a 200 day moving average price of $23.19. PowerShares Exchange-Traded Fund Trust II has a 52 week low of $22.96 and a 52 week high of $23.46.

The firm also recently disclosed a monthly dividend, which was paid on Friday, September 29th. Investors of record on Tuesday, September 19th were issued a $0.0701 dividend. The ex-dividend date was Monday, September 18th. This is an increase from PowerShares Exchange-Traded Fund Trust II’s previous monthly dividend of $0.07. This represents a $0.84 annualized dividend and a yield of 3.63%.

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