Invesco KBW Premium Yield Equity REIT ETF (NASDAQ:KBWY) Shares Shorted: Short Interest Down 62.8% in September

Invesco KBW Premium Yield Equity REIT ETF (NASDAQ:KBWY) was the target of a large decrease in short interest in September. As of September 15th, there was short interest totaling 208,825 shares, a decrease of 62.8% from the August 31st total of 561,633 shares. Currently, 1.1% of the company’s stock are short sold. Based on an average trading volume of 167,204 shares, the days-to-cover ratio is currently 1.2 days.

Invesco KBW Premium Yield Equity REIT ETF Stock Performance

Shares of KBWY stock traded down $0.14 during mid-day trading on Monday, hitting $16.70. The company’s stock had a trading volume of 192,632 shares, compared to its average volume of 154,400. The stock has a market cap of $303.03 million, a price-to-earnings ratio of 22.41 and a beta of 0.99. Invesco KBW Premium Yield Equity REIT ETF has a 52-week low of $14.81 and a 52-week high of $19.35. The business has a 50-day moving average price of $17.98 and a 200 day moving average price of $17.42.

Invesco KBW Premium Yield Equity REIT ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, September 25th. Investors of record on Monday, September 21st were issued a $0.1199 dividend. This represents a $1.44 annualized dividend and a yield of 8.6%. The ex-dividend date was Monday, September 21st. This is a negative change from Invesco KBW Premium Yield Equity REIT ETF’s previous monthly dividend of $0.1199.

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

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Royal Bank of Canada grew its position in Invesco KBW Premium Yield Equity REIT ETF by 45.8% during the first quarter. Royal Bank of Canada now owns 5,195 shares of the company’s stock valued at $79,000 after buying an additional 1,632 shares during the period. Fifth Third Bancorp bought a new position in Invesco KBW Premium Yield Equity REIT ETF in the first quarter worth approximately $78,000. Integrated Wealth Concepts LLC purchased a new position in shares of Invesco KBW Premium Yield Equity REIT ETF during the 2nd quarter worth $132,000. Lmcg Investments LLC boosted its stake in shares of Invesco KBW Premium Yield Equity REIT ETF by 61.3% during the 1st quarter. Lmcg Investments LLC now owns 120,508 shares of the company’s stock worth $1,841,000 after acquiring an additional 45,797 shares during the last quarter. Finally, First PREMIER Bank bought a new stake in shares of Invesco KBW Premium Yield Equity REIT ETF during the 2nd quarter valued at $3,158,000.

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.