Invesco KBW Premium Yield Equity REIT ETF (NASDAQ:KBWY) Sees Significant Decline in Short Interest

Invesco KBW Premium Yield Equity REIT ETF (NASDAQ:KBWY) was the recipient of a large drop in short interest in September. As of September 30th, there was short interest totaling 124,477 shares, a drop of 40.4% from the September 15th total of 208,825 shares. Based on an average trading volume of 256,900 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.7% of the company’s stock are short sold.

Institutional Trading of Invesco KBW Premium Yield Equity REIT ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Lmcg Investments LLC lifted its holdings in shares of Invesco KBW Premium Yield Equity REIT ETF by 61.3% in the 1st quarter. Lmcg Investments LLC now owns 120,508 shares of the company’s stock valued at $1,841,000 after purchasing an additional 45,797 shares during the last quarter. First PREMIER Bank acquired a new stake in shares of Invesco KBW Premium Yield Equity REIT ETF in the 2nd quarter valued at about $3,158,000. Sound Income Strategies LLC acquired a new stake in shares of Invesco KBW Premium Yield Equity REIT ETF in the 3rd quarter valued at about $1,531,000. Integrated Wealth Concepts LLC purchased a new position in Invesco KBW Premium Yield Equity REIT ETF during the 2nd quarter worth approximately $132,000. Finally, Royal Bank of Canada grew its stake in Invesco KBW Premium Yield Equity REIT ETF by 45.8% during the 1st quarter. Royal Bank of Canada now owns 5,195 shares of the company’s stock worth $79,000 after buying an additional 1,632 shares during the last quarter.

Invesco KBW Premium Yield Equity REIT ETF Price Performance

Shares of KBWY opened at $16.04 on Thursday. Invesco KBW Premium Yield Equity REIT ETF has a 1-year low of $14.81 and a 1-year high of $19.35. The stock has a market cap of $283.27 million, a PE ratio of 22.41 and a beta of 1.01. The firm has a fifty day moving average price of $17.42 and a 200 day moving average price of $17.49.

Invesco KBW Premium Yield Equity REIT ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, September 25th. Shareholders of record on Monday, September 21st were issued a dividend of $0.1199 per share. The ex-dividend date of this dividend was Monday, September 21st. This is a negative change from Invesco KBW Premium Yield Equity REIT ETF’s previous monthly dividend of $0.1199. This represents a $1.44 annualized dividend and a dividend yield of 9.0%.

Invesco KBW Premium Yield Equity REIT ETF Company Profile

The Invesco KBW Premium Yield Equity REIT ETF (KBWY) is an exchange-traded fund that mostly invests in real estate equity. The fund tracks a dividend-yield-weighted index of small- and mid-cap equity REITs. KBWY was launched on Dec 2, 2010 and is managed by Invesco.