Invesco KBW Premium Yield Equity REIT ETF (NASDAQ:KBWY – Get 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
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.
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