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

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

Institutional Investors Weigh In On Invesco KBW Premium Yield Equity REIT ETF

Large investors have recently modified their holdings of the business. Advisory Services Network LLC purchased a new stake in shares of Invesco KBW Premium Yield Equity REIT ETF during the third quarter worth about $61,000. Fifth Third Bancorp purchased a new stake in shares of Invesco KBW Premium Yield Equity REIT ETF during the first quarter worth about $78,000. Royal Bank of Canada grew its stake in shares of Invesco KBW Premium Yield Equity REIT ETF by 45.8% during 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 during the last quarter. Comerica Bank grew its stake in shares of 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 acquiring an additional 974 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. purchased a new stake in shares of Invesco KBW Premium Yield Equity REIT ETF during the fourth quarter worth about $91,000.

Invesco KBW Premium Yield Equity REIT ETF Stock Performance

Shares of KBWY stock opened at $18.19 on Tuesday. Invesco KBW Premium Yield Equity REIT ETF has a fifty-two week low of $14.81 and a fifty-two week high of $18.52. The firm has a market capitalization of $300.50 million, a price-to-earnings ratio of 22.41 and a beta of 1.01. The stock’s 50-day simple moving average is $17.02 and its 200-day simple moving average is $16.27.

Invesco KBW Premium Yield Equity REIT ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, May 22nd. Stockholders of record on Monday, May 18th were paid a dividend of $0.1225 per share. The ex-dividend date was Monday, May 18th. This represents a c) dividend on an annualized basis and a dividend yield of 8.1%.

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.