Short Interest in Invesco KBW Premium Yield Equity REIT ETF (NASDAQ:KBWY) Declines By 48.7%

Invesco KBW Premium Yield Equity REIT ETF (NASDAQ:KBWY) was the target of a significant decrease in short interest in the month of May. As of May 29th, there was short interest totaling 48,031 shares, a decrease of 48.7% from the May 14th total of 93,585 shares. Currently, 0.3% of the company’s stock are sold short. Based on an average daily volume of 92,385 shares, the days-to-cover ratio is presently 0.5 days.

Invesco KBW Premium Yield Equity REIT ETF Stock Performance

Shares of KBWY stock traded up $0.02 on Friday, hitting $18.37. The stock had a trading volume of 116,909 shares, compared to its average volume of 133,889. The firm has a market capitalization of $303.47 million, a price-to-earnings ratio of 22.41 and a beta of 1.01. The stock’s 50 day moving average is $16.96 and its 200-day moving average is $16.24. Invesco KBW Premium Yield Equity REIT ETF has a 52-week low of $14.81 and a 52-week high of $18.52.

Invesco KBW Premium Yield Equity REIT ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Friday, May 22nd. Stockholders of record on Monday, May 18th were paid a $0.1225 dividend. The ex-dividend date was Monday, May 18th. This represents a c) annualized dividend and a dividend yield of 8.0%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Advisory Services Network LLC purchased a new position in shares of Invesco KBW Premium Yield Equity REIT ETF in the third quarter valued at $61,000. Fifth Third Bancorp purchased a new position in shares of Invesco KBW Premium Yield Equity REIT ETF in the first quarter valued at $78,000. Royal Bank of Canada boosted its stake in shares of 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 period. Comerica Bank boosted its stake in Invesco KBW Premium Yield Equity REIT ETF by 22.8% during the 1st quarter. Comerica Bank now owns 5,241 shares of the company’s stock valued at $87,000 after acquiring an additional 974 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. bought a new position in Invesco KBW Premium Yield Equity REIT ETF during the 4th quarter valued at $91,000.

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.