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

Invesco KBW Premium Yield Equity REIT ETF (NASDAQ:KBWYGet Free Report) saw a significant growth in short interest in the month of May. As of May 15th, there was short interest totaling 93,585 shares, a growth of 101.9% from the April 30th total of 46,357 shares. Based on an average trading volume of 124,680 shares, the days-to-cover ratio is presently 0.8 days. Currently, 0.6% of the shares of the stock are sold short.

Hedge Funds Weigh In On Invesco KBW Premium Yield Equity REIT ETF

A number of institutional investors have recently added to or reduced their stakes in KBWY. Advisory Services Network LLC bought a new position in Invesco KBW Premium Yield Equity REIT ETF in the 3rd quarter worth about $61,000. Fifth Third Bancorp bought a new position in Invesco KBW Premium Yield Equity REIT ETF in the 1st quarter worth about $78,000. Royal Bank of Canada increased its stake in Invesco KBW Premium Yield Equity REIT ETF by 45.8% in the 1st quarter. Royal Bank of Canada now owns 5,195 shares of the company’s stock worth $79,000 after acquiring an additional 1,632 shares during the last quarter. Comerica Bank raised its stake in Invesco KBW Premium Yield Equity REIT ETF by 22.8% in the first quarter. Comerica Bank now owns 5,241 shares of the company’s stock valued at $87,000 after purchasing an additional 974 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. purchased a new stake in Invesco KBW Premium Yield Equity REIT ETF in the fourth quarter valued at approximately $91,000.

Invesco KBW Premium Yield Equity REIT ETF Price Performance

Shares of KBWY stock remained flat at $17.37 during trading hours on Tuesday. 95,199 shares of the stock were exchanged, compared to its average volume of 133,686. The stock has a 50 day simple moving average of $16.48 and a two-hundred day simple moving average of $16.08. Invesco KBW Premium Yield Equity REIT ETF has a one year low of $14.81 and a one year high of $17.72. The firm has a market capitalization of $286.95 million, a price-to-earnings ratio of 22.41 and a beta of 1.01.

Invesco KBW Premium Yield Equity REIT ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Friday, May 22nd. Stockholders of record on Monday, May 18th were given a dividend of $0.1225 per share. This represents a c) dividend on an annualized basis and a dividend yield of 8.5%. The ex-dividend date was Monday, May 18th.

Invesco KBW Premium Yield Equity REIT ETF Company Profile

(Get Free Report)

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.

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