Short Interest in Invesco KBW Premium Yield Equity REIT ETF (NASDAQ:KBWY) Declines By 34.4%

Invesco KBW Premium Yield Equity REIT ETF (NASDAQ:KBWY) saw a significant decrease in short interest in the month of April. As of April 30th, there was short interest totaling 46,357 shares, a decrease of 34.4% from the April 15th total of 70,714 shares. Approximately 0.3% of the company’s stock are short sold. Based on an average daily trading volume, of 103,006 shares, the days-to-cover ratio is presently 0.5 days.

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

A number of institutional investors have recently modified their holdings of KBWY. Comerica Bank lifted its holdings in Invesco KBW Premium Yield Equity REIT ETF by 22.8% during the first quarter. Comerica Bank now owns 5,241 shares of the company’s stock worth $87,000 after acquiring an additional 974 shares during the period. Jones Financial Companies Lllp boosted its holdings in Invesco KBW Premium Yield Equity REIT ETF by 1,373.7% in the 1st quarter. Jones Financial Companies Lllp now owns 51,006 shares of the company’s stock worth $851,000 after buying an additional 47,545 shares during the period. Marshall Wace LLP purchased a new position in shares of Invesco KBW Premium Yield Equity REIT ETF in the second quarter valued at $321,000. Jane Street Group LLC purchased a new position in Invesco KBW Premium Yield Equity REIT ETF during the 2nd quarter valued at about $498,000. Finally, Bank of America Corp DE increased its holdings in shares of Invesco KBW Premium Yield Equity REIT ETF by 17.2% in the second quarter. Bank of America Corp DE now owns 73,833 shares of the company’s stock worth $1,161,000 after purchasing an additional 10,855 shares during the period.

Invesco KBW Premium Yield Equity REIT ETF Stock Up 0.5%

Shares of KBWY stock traded up $0.08 on Monday, reaching $16.91. The stock had a trading volume of 34,893 shares, compared to its average volume of 137,166. The firm has a market capitalization of $279.35 million, a price-to-earnings ratio of 22.41 and a beta of 1.01. The firm’s 50-day moving average is $16.17 and its two-hundred day moving average is $15.91. Invesco KBW Premium Yield Equity REIT ETF has a 12 month low of $14.81 and a 12 month high of $17.39.

Invesco KBW Premium Yield Equity REIT ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Friday, April 24th. Shareholders of record on Monday, April 20th were given a $0.125 dividend. This is a boost from Invesco KBW Premium Yield Equity REIT ETF’s previous monthly dividend of $0.12. This represents a c) annualized dividend and a yield of 8.9%. The ex-dividend date was Monday, April 20th.

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.