Short Interest in Invesco KBW Premium Yield Equity REIT ETF (NASDAQ:KBWY) Rises By 263.3%

Invesco KBW Premium Yield Equity REIT ETF (NASDAQ:KBWY) was the target of a large increase in short interest in July. As of July 31st, there was short interest totaling 344,646 shares, an increase of 263.3% from the July 15th total of 94,866 shares. Based on an average daily volume of 151,474 shares, the short-interest ratio is presently 2.3 days. Currently, 2.0% of the shares of the company are sold short.

Invesco KBW Premium Yield Equity REIT ETF Stock Down 0.7%

KBWY stock opened at $18.05 on Friday. The firm has a market cap of $307.75 million, a P/E ratio of 22.41 and a beta of 0.99. The company’s 50-day simple moving average is $18.42 and its 200-day simple moving average is $17.10. Invesco KBW Premium Yield Equity REIT ETF has a 52-week low of $14.81 and a 52-week high of $19.35.

Invesco KBW Premium Yield Equity REIT ETF Announces Dividend

The firm also recently disclosed a dividend, which was paid on Friday, July 24th. Investors of record on Monday, July 20th were paid a dividend of $0.12 per share. The ex-dividend date of this dividend was Monday, July 20th.

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

A number of hedge funds have recently modified their holdings of KBWY. Advisory Services Network LLC acquired a new position in Invesco KBW Premium Yield Equity REIT ETF in the third quarter valued at about $61,000. Fifth Third Bancorp acquired a new stake in Invesco KBW Premium Yield Equity REIT ETF in the 1st quarter valued at approximately $78,000. Royal Bank of Canada raised its position in 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 lifted its stake 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 purchasing an additional 974 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Invesco KBW Premium Yield Equity REIT ETF in the fourth quarter valued at $91,000.

About Invesco KBW Premium Yield Equity REIT ETF

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.