Invesco KBW Premium Yield Equity REIT ETF (NASDAQ:KBWY) Sees Significant Growth in Short Interest

Invesco KBW Premium Yield Equity REIT ETF (NASDAQ:KBWY) saw a significant growth in short interest in the month of September. As of September 15th, there was short interest totalling 30,800 shares, a growth of 47.4% from the August 31st total of 20,900 shares. Based on an average daily trading volume, of 91,700 shares, the days-to-cover ratio is currently 0.3 days.

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

A number of institutional investors and hedge funds have recently made changes to their positions in KBWY. Lmcg Investments LLC boosted its stake in Invesco KBW Premium Yield Equity REIT ETF by 24.9% in the 2nd quarter. Lmcg Investments LLC now owns 19,551 shares of the company’s stock worth $349,000 after purchasing an additional 3,897 shares in the last quarter. TAP Consulting LLC lifted its stake in shares of Invesco KBW Premium Yield Equity REIT ETF by 7.2% in the second quarter. TAP Consulting LLC now owns 328,692 shares of the company’s stock worth $5,861,000 after buying an additional 21,974 shares in the last quarter. Fifth Third Securities Inc. bought a new position in shares of Invesco KBW Premium Yield Equity REIT ETF in the second quarter worth approximately $2,334,000. Clear Creek Financial Management LLC increased its position in shares of Invesco KBW Premium Yield Equity REIT ETF by 120.2% during the first quarter. Clear Creek Financial Management LLC now owns 26,414 shares of the company’s stock valued at $477,000 after acquiring an additional 14,419 shares in the last quarter. Finally, Sandbox Financial Partners LLC purchased a new position in Invesco KBW Premium Yield Equity REIT ETF in the 1st quarter worth approximately $192,000.

Invesco KBW Premium Yield Equity REIT ETF Trading Up 0.3 %

KBWY traded up $0.06 during trading on Friday, reaching $21.09. The stock had a trading volume of 115,893 shares, compared to its average volume of 84,593. The company has a market capitalization of $229.46 million, a price-to-earnings ratio of 17.25 and a beta of 1.25. The stock’s 50 day moving average is $20.24 and its two-hundred day moving average is $18.57. Invesco KBW Premium Yield Equity REIT ETF has a one year low of $15.93 and a one year high of $21.86.

Invesco KBW Premium Yield Equity REIT ETF Cuts Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, September 27th. Investors of record on Monday, September 23rd will be given a dividend of $0.13 per share. The ex-dividend date of this dividend is Monday, September 23rd. This represents a $1.56 dividend on an annualized basis and a yield of 7.40%.

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.