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

Invesco KBW Premium Yield Equity REIT ETF (NASDAQ:KBWY) saw a significant 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. Currently, 2.0% of the shares of the company are sold short. Based on an average daily volume of 151,474 shares, the days-to-cover ratio is presently 2.3 days.

Invesco KBW Premium Yield Equity REIT ETF Stock Performance

NASDAQ:KBWY opened at $17.98 on Thursday. The business’s fifty day moving average is $18.41 and its 200 day moving average is $17.08. The firm has a market cap of $306.56 million, a price-to-earnings ratio of 22.41 and a beta of 0.99. 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 Dividend Announcement

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

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

Institutional investors and hedge funds have recently modified their holdings of the company. Advisory Services Network LLC bought a new position in shares of Invesco KBW Premium Yield Equity REIT ETF in the third quarter valued at approximately $61,000. Fifth Third Bancorp bought a new stake in Invesco KBW Premium Yield Equity REIT ETF during the 1st quarter worth approximately $78,000. Royal Bank of Canada increased its holdings in Invesco KBW Premium Yield Equity REIT ETF by 45.8% during the 1st 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 period. Comerica Bank increased its holdings in 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. purchased a new stake in Invesco KBW Premium Yield Equity REIT ETF in the 4th quarter worth approximately $91,000.

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.