Invesco KBW Premium Yield Equity REIT ETF (NASDAQ:KBWY) Short Interest Update

Invesco KBW Premium Yield Equity REIT ETF (NASDAQ:KBWY) was the target of a significant decline in short interest in September. As of September 15th, there was short interest totaling 208,825 shares, a decline of 62.8% from the August 31st total of 561,633 shares. Approximately 1.1% of the company’s stock are short sold. Based on an average daily volume of 167,204 shares, the days-to-cover ratio is currently 1.2 days.

Institutional Investors Weigh In On Invesco KBW Premium Yield Equity REIT ETF

Several institutional investors have recently bought and sold shares of the company. First PREMIER Bank acquired a new position in shares of Invesco KBW Premium Yield Equity REIT ETF during the second quarter worth $3,158,000. Lmcg Investments LLC boosted its position 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 worth $1,841,000 after purchasing an additional 45,797 shares in the last quarter. Integrated Wealth Concepts LLC purchased a new position in Invesco KBW Premium Yield Equity REIT ETF during the 2nd quarter worth $132,000. Fifth Third Bancorp purchased a new position in Invesco KBW Premium Yield Equity REIT ETF during the 1st quarter worth $78,000. 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 stock traded up $0.03 during mid-day trading on Friday, hitting $16.85. 208,995 shares of the stock traded hands, compared to its average volume of 154,251. Invesco KBW Premium Yield Equity REIT ETF has a 52-week low of $14.81 and a 52-week high of $19.35. The stock has a market cap of $305.66 million, a P/E ratio of 22.41 and a beta of 0.99. The stock’s fifty day moving average is $17.98 and its two-hundred day moving average is $17.41.

Invesco KBW Premium Yield Equity REIT ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, September 25th. Investors of record on Monday, September 21st were paid a dividend of $0.1199 per share. This is a drop from Invesco KBW Premium Yield Equity REIT ETF’s previous monthly dividend of $0.1199. The ex-dividend date was Monday, September 21st. This represents a $1.44 annualized dividend and a dividend yield of 8.5%.

About Invesco KBW Premium Yield Equity REIT ETF

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.