Short Interest in Invesco KBW Premium Yield Equity REIT ETF (NASDAQ:KBWY) Decreases By 14.3%

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

Invesco KBW Premium Yield Equity REIT ETF Trading Down 0.3%

Shares of KBWY opened at $15.24 on Thursday. The stock has a market cap of $251.61 million, a P/E 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. The stock’s 50-day moving average price is $16.00 and its two-hundred day moving average price is $15.75.

Invesco KBW Premium Yield Equity REIT ETF Cuts Dividend

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

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

Several institutional investors have recently added to or reduced their stakes in the stock. Advisory Services Network LLC bought a new stake in shares of Invesco KBW Premium Yield Equity REIT ETF in the third quarter worth $61,000. PNC Financial Services Group Inc. grew its position in Invesco KBW Premium Yield Equity REIT ETF by 20,692.0% in the second quarter. PNC Financial Services Group Inc. now owns 5,198 shares of the company’s stock valued at $82,000 after purchasing an additional 5,173 shares in the last quarter. Comerica Bank increased its stake in 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 last quarter. Northwestern Mutual Wealth Management Co. acquired a new stake in Invesco KBW Premium Yield Equity REIT ETF in the 4th quarter valued at $91,000. Finally, Susquehanna International Group LLP bought a new stake in Invesco KBW Premium Yield Equity REIT ETF during the 3rd quarter worth about $198,000.

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.