Short Interest in Invesco KBW Premium Yield Equity REIT ETF (NASDAQ:KBWY) Decreases By 23.5%

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

Invesco KBW Premium Yield Equity REIT ETF Stock Down 0.4 %

Invesco KBW Premium Yield Equity REIT ETF stock opened at $16.63 on Monday. Invesco KBW Premium Yield Equity REIT ETF has a 52-week low of $16.52 and a 52-week high of $21.86. The firm’s fifty day moving average is $17.30 and its 200 day moving average is $18.84. The company has a market cap of $207.54 million, a price-to-earnings ratio of 9.92 and a beta of 1.25.

Invesco KBW Premium Yield Equity REIT ETF Cuts Dividend

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Anderson Financial Strategies LLC purchased a new stake in Invesco KBW Premium Yield Equity REIT ETF during the fourth quarter valued at approximately $25,000. Synergy Asset Management LLC bought a new position in shares of Invesco KBW Premium Yield Equity REIT ETF during the 4th quarter valued at approximately $27,000. Jones Financial Companies Lllp raised its holdings in Invesco KBW Premium Yield Equity REIT ETF by 85.2% during the 4th quarter. Jones Financial Companies Lllp now owns 3,461 shares of the company’s stock valued at $62,000 after buying an additional 1,592 shares during the period. Crews Bank & Trust bought a new stake in Invesco KBW Premium Yield Equity REIT ETF in the fourth quarter worth $55,000. Finally, Jane Street Group LLC purchased a new position in Invesco KBW Premium Yield Equity REIT ETF during the third quarter worth $220,000.

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.