Invesco KBW Premium Yield Equity REIT ETF (NASDAQ:KBWY) Short Interest Down 46.3% in July

Invesco KBW Premium Yield Equity REIT ETF (NASDAQ:KBWY) saw a large drop in short interest during the month of July. As of July 15th, there was short interest totaling 94,866 shares, a drop of 46.3% from the June 30th total of 176,762 shares. Based on an average daily volume of 151,726 shares, the days-to-cover ratio is currently 0.6 days. Approximately 0.6% of the shares of the company are sold short.

Invesco KBW Premium Yield Equity REIT ETF Stock Performance

KBWY traded down $0.02 during trading on Wednesday, hitting $18.83. The stock had a trading volume of 143,067 shares, compared to its average volume of 138,474. Invesco KBW Premium Yield Equity REIT ETF has a twelve month low of $14.81 and a twelve month high of $19.35. The company’s 50-day moving average price is $18.23 and its 200 day moving average price is $16.93. The firm has a market capitalization of $320.30 million, a P/E ratio of 22.41 and a beta of 1.00.

Invesco KBW Premium Yield Equity REIT ETF Announces Dividend

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

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

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Advisory Services Network LLC acquired a new position in shares of Invesco KBW Premium Yield Equity REIT ETF during the 3rd quarter worth $61,000. Fifth Third Bancorp purchased a new stake in Invesco KBW Premium Yield Equity REIT ETF in the 1st quarter worth approximately $78,000. Royal Bank of Canada increased its stake 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 last quarter. Comerica Bank lifted its holdings in shares of 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 worth $87,000 after acquiring an additional 974 shares during the period. Finally, Northwestern Mutual Wealth Management Co. acquired a new position in shares of Invesco KBW Premium Yield Equity REIT ETF in the 4th 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.