Invesco KBW Premium Yield Equity REIT ETF (NASDAQ:KBWY) Shares Shorted: Short Interest Down 40.4% in September

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

Invesco KBW Premium Yield Equity REIT ETF Stock Down 0.1%

NASDAQ KBWY traded down $0.01 during trading hours on Friday, hitting $16.30. 305,130 shares of the stock were exchanged, compared to its average volume of 166,410. The company has a market cap of $287.86 million, a price-to-earnings ratio of 22.41 and a beta of 1.01. Invesco KBW Premium Yield Equity REIT ETF has a 12-month low of $14.81 and a 12-month high of $19.35. The stock has a 50-day moving average of $17.34 and a 200 day moving average of $17.49.

Invesco KBW Premium Yield Equity REIT ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, September 25th. Shareholders of record on Monday, September 21st were given a dividend of $0.1199 per share. This represents a $1.44 annualized dividend and a yield of 8.8%. 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.

Institutional Trading of Invesco KBW Premium Yield Equity REIT ETF

Hedge funds have recently modified their holdings of the business. Fifth Third Bancorp purchased a new stake in shares of Invesco KBW Premium Yield Equity REIT ETF in the first 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 worth $79,000 after acquiring an additional 1,632 shares in the last quarter. Integrated Wealth Concepts LLC purchased a new position in Invesco KBW Premium Yield Equity REIT ETF in the second quarter worth $132,000. Sound Income Strategies LLC acquired a new stake in Invesco KBW Premium Yield Equity REIT ETF in the third quarter valued at $1,531,000. Finally, Lmcg Investments LLC lifted its holdings in Invesco KBW Premium Yield Equity REIT ETF by 61.3% in the first quarter. Lmcg Investments LLC now owns 120,508 shares of the company’s stock valued at $1,841,000 after acquiring an additional 45,797 shares during the period.

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.