Invesco KBW Premium Yield Equity REIT ETF (NASDAQ:KBWY) Short Interest Update

Invesco KBW Premium Yield Equity REIT ETF (NASDAQ:KBWY) was the target of a large increase in short interest in the month of August. As of August 31st, there was short interest totaling 561,633 shares, an increase of 107.1% from the August 15th total of 271,155 shares. Based on an average daily volume of 234,641 shares, the days-to-cover ratio is currently 2.4 days. Currently, 3.3% of the shares of the stock are sold short.

Invesco KBW Premium Yield Equity REIT ETF Trading Up 0.1%

Shares of KBWY traded up $0.02 during trading hours on Wednesday, reaching $17.49. The company had a trading volume of 25,029 shares, compared to its average volume of 149,369. The firm has a 50 day simple moving average of $18.24 and a 200-day simple moving average of $17.38. The company has a market capitalization of $315.36 million, a price-to-earnings ratio of 22.41 and a beta of 0.99. Invesco KBW Premium Yield Equity REIT ETF has a 12-month low of $14.81 and a 12-month high of $19.35.

Invesco KBW Premium Yield Equity REIT ETF Announces Dividend

The business also recently announced a monthly dividend, which was paid on Friday, August 28th. Shareholders of record on Monday, August 24th were given a dividend of $0.1199 per share. This represents a c) annualized dividend and a yield of 8.2%. The ex-dividend date was Monday, August 24th.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. First PREMIER Bank purchased a new stake in shares of Invesco KBW Premium Yield Equity REIT ETF in the second quarter valued at $3,158,000. Lmcg Investments LLC lifted its position 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 buying an additional 45,797 shares during the period. Integrated Wealth Concepts LLC purchased a new position in Invesco KBW Premium Yield Equity REIT ETF during the second quarter worth about $132,000. Fifth Third Bancorp acquired a new stake in Invesco KBW Premium Yield Equity REIT ETF in the 1st quarter worth about $78,000. Finally, Royal Bank of Canada boosted its stake in Invesco KBW Premium Yield Equity REIT ETF by 45.8% in the 1st quarter. Royal Bank of Canada now owns 5,195 shares of the company’s stock worth $79,000 after buying an additional 1,632 shares during the last quarter.

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.