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

Invesco KBW Premium Yield Equity REIT ETF (NASDAQ:KBWY) saw a large decrease in short interest in March. As of March 15th, there was short interest totalling 49,600 shares, a decrease of 23.5% from the February 28th total of 64,800 shares. Based on an average daily trading volume, of 140,400 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.4% of the shares of the company are sold short.

Institutional Trading of Invesco KBW Premium Yield Equity REIT ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Jane Street Group LLC bought a new position in Invesco KBW Premium Yield Equity REIT ETF in the 3rd quarter worth about $220,000. MassMutual Private Wealth & Trust FSB boosted its holdings in Invesco KBW Premium Yield Equity REIT ETF by 801.0% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 12,308 shares of the company’s stock valued at $220,000 after purchasing an additional 10,942 shares during the period. Lmcg Investments LLC grew its position in shares of Invesco KBW Premium Yield Equity REIT ETF by 54.7% during the 4th quarter. Lmcg Investments LLC now owns 32,346 shares of the company’s stock valued at $579,000 after purchasing an additional 11,438 shares in the last quarter. Synergy Asset Management LLC purchased a new position in shares of Invesco KBW Premium Yield Equity REIT ETF during the 4th quarter valued at $27,000. Finally, Crews Bank & Trust bought a new position in shares of Invesco KBW Premium Yield Equity REIT ETF in the fourth quarter worth $55,000.

Invesco KBW Premium Yield Equity REIT ETF Stock Performance

KBWY remained flat at $16.69 on Tuesday. 152,813 shares of the company traded hands, compared to its average volume of 105,412. Invesco KBW Premium Yield Equity REIT ETF has a 52 week low of $16.50 and a 52 week high of $21.86. The stock has a market cap of $208.29 million, a price-to-earnings ratio of 9.92 and a beta of 1.25. The stock’s 50 day simple moving average is $17.28 and its 200 day simple moving average is $18.81.

Invesco KBW Premium Yield Equity REIT ETF Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, March 28th. Stockholders of record on Monday, March 24th were issued a $0.1262 dividend. The ex-dividend date of this dividend was Monday, March 24th.

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.