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

Invesco KBW Premium Yield Equity REIT ETF (NASDAQ:KBWY) saw a significant drop in short interest in September. As of September 30th, there was short interest totaling 124,477 shares, a drop of 40.4% from the September 15th total of 208,825 shares. Based on an average daily trading volume, of 256,900 shares, the short-interest ratio is currently 0.5 days. Approximately 0.7% of the company’s stock are sold short.

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

Institutional investors have recently added to or reduced their stakes in the business. Royal Bank of Canada increased its stake in Invesco KBW Premium Yield Equity REIT ETF by 45.8% in the first quarter. Royal Bank of Canada now owns 5,195 shares of the company’s stock valued at $79,000 after purchasing an additional 1,632 shares during the last quarter. Fifth Third Bancorp acquired a new stake in Invesco KBW Premium Yield Equity REIT ETF during the first quarter worth approximately $78,000. Integrated Wealth Concepts LLC acquired a new stake in Invesco KBW Premium Yield Equity REIT ETF during the second quarter worth approximately $132,000. Lmcg Investments LLC raised its holdings in Invesco KBW Premium Yield Equity REIT ETF by 61.3% during the first 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. Finally, Sound Income Strategies LLC purchased a new stake in shares of Invesco KBW Premium Yield Equity REIT ETF during the 3rd quarter worth approximately $1,531,000.

Invesco KBW Premium Yield Equity REIT ETF Price Performance

Shares of NASDAQ KBWY opened at $16.04 on Thursday. The business has a 50-day moving average of $17.42 and a two-hundred day moving average of $17.49. The company has a market capitalization of $283.27 million, a price-to-earnings ratio of 22.41 and a beta of 1.01. Invesco KBW Premium Yield Equity REIT ETF has a 1 year low of $14.81 and a 1 year high of $19.35.

Invesco KBW Premium Yield Equity REIT ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, September 25th. Stockholders of record on Monday, September 21st were given 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 of this dividend was Monday, September 21st. This represents a $1.44 annualized dividend and a dividend yield of 9.0%.

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.