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

Invesco KBW Premium Yield Equity REIT ETF (NASDAQ:KBWY) was the recipient of a significant decrease in short interest during the month of March. As of March 13th, there was short interest totaling 82,820 shares, a decrease of 14.3% from the February 26th total of 96,658 shares. Based on an average trading volume of 104,998 shares, the short-interest ratio is currently 0.8 days. Approximately 0.5% of the company’s shares are short sold.

Institutional Trading of Invesco KBW Premium Yield Equity REIT ETF

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Comerica Bank raised its holdings in shares of Invesco KBW Premium Yield Equity REIT ETF by 22.8% in the 1st quarter. Comerica Bank now owns 5,241 shares of the company’s stock valued at $87,000 after buying an additional 974 shares during the period. Jones Financial Companies Lllp lifted its stake in Invesco KBW Premium Yield Equity REIT ETF by 1,373.7% during the 1st quarter. Jones Financial Companies Lllp now owns 51,006 shares of the company’s stock worth $851,000 after acquiring an additional 47,545 shares in the last quarter. PNC Financial Services Group Inc. boosted its holdings in Invesco KBW Premium Yield Equity REIT ETF by 20,692.0% during the 2nd quarter. PNC Financial Services Group Inc. now owns 5,198 shares of the company’s stock valued at $82,000 after acquiring an additional 5,173 shares during the period. Marshall Wace LLP purchased a new position in Invesco KBW Premium Yield Equity REIT ETF during the 2nd quarter valued at about $321,000. Finally, Jane Street Group LLC purchased a new position in Invesco KBW Premium Yield Equity REIT ETF during the 2nd quarter valued at about $498,000.

Invesco KBW Premium Yield Equity REIT ETF Trading Down 0.3%

KBWY stock traded down $0.04 during midday trading on Wednesday, hitting $15.24. 155,872 shares of the company’s stock were exchanged, compared to its average volume of 149,698. The business has a 50-day simple moving average of $16.02 and a two-hundred day simple moving average of $15.76. The stock has a market capitalization of $249.17 million, a PE ratio of 22.41 and a beta of 1.13. Invesco KBW Premium Yield Equity REIT ETF has a 1-year low of $13.86 and a 1-year high of $16.80.

Invesco KBW Premium Yield Equity REIT ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, March 27th. Stockholders of record on Monday, March 23rd were issued a dividend of $0.1249 per share. The ex-dividend date was Monday, March 23rd. This represents a c) dividend on an annualized basis and a dividend yield of 9.8%.

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.