Invesco KBW Premium Yield Equity REIT ETF (NASDAQ:KBWY) Stock Short Interest Falls 40.4%

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

Institutional Trading of Invesco KBW Premium Yield Equity REIT ETF

A number of institutional investors have recently bought and sold shares of the business. First PREMIER Bank acquired a new stake in shares of Invesco KBW Premium Yield Equity REIT ETF during the 2nd quarter worth $3,158,000. Lmcg Investments LLC lifted its position 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 buying an additional 45,797 shares during the last quarter. Sound Income Strategies LLC bought a new position in shares of Invesco KBW Premium Yield Equity REIT ETF in the third quarter worth about $1,531,000. Integrated Wealth Concepts LLC bought a new position in shares of Invesco KBW Premium Yield Equity REIT ETF in the second quarter worth about $132,000. Finally, Royal Bank of Canada grew its holdings in shares of Invesco KBW Premium Yield Equity REIT ETF by 45.8% during the 1st 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.

Invesco KBW Premium Yield Equity REIT ETF Price Performance

NASDAQ KBWY traded down $0.01 during trading on Friday, reaching $16.30. 305,130 shares of the company’s stock were exchanged, compared to its average volume of 166,410. The business has a 50 day moving average price of $17.38 and a 200-day moving average price of $17.50. The stock has a market capitalization of $287.86 million, a P/E ratio of 22.41 and a beta of 1.01. Invesco KBW Premium Yield Equity REIT ETF has a fifty-two week low of $14.81 and a fifty-two week high of $19.35.

Invesco KBW Premium Yield Equity REIT ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Friday, September 25th. Investors of record on Monday, September 21st were paid a $0.1199 dividend. This is a drop from Invesco KBW Premium Yield Equity REIT ETF’s previous monthly dividend of $0.1199. The ex-dividend date was Monday, September 21st. This represents a $1.44 annualized dividend and a yield of 8.8%.

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.