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

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of KBWY. Raymond James Financial Inc. purchased a new position in Invesco KBW Premium Yield Equity REIT ETF in the fourth quarter valued at approximately $2,729,000. Fifth Third Securities Inc. raised its stake in shares of Invesco KBW Premium Yield Equity REIT ETF by 80.2% in the fourth quarter. Fifth Third Securities Inc. now owns 217,040 shares of the company’s stock valued at $3,887,000 after buying an additional 96,603 shares during the period. RPS Advisory Solutions LLC purchased a new position in shares of Invesco KBW Premium Yield Equity REIT ETF during the 4th quarter valued at $1,651,000. Wells Fargo & Company MN grew its stake in shares of Invesco KBW Premium Yield Equity REIT ETF by 80.3% during the 4th quarter. Wells Fargo & Company MN now owns 153,326 shares of the company’s stock worth $2,746,000 after acquiring an additional 68,300 shares during the period. Finally, Two Sigma Investments LP increased its holdings in Invesco KBW Premium Yield Equity REIT ETF by 143.8% in the 4th quarter. Two Sigma Investments LP now owns 102,647 shares of the company’s stock worth $1,838,000 after acquiring an additional 60,547 shares during the last quarter.

Invesco KBW Premium Yield Equity REIT ETF Stock Performance

Shares of NASDAQ:KBWY remained flat at $16.69 during midday trading on Tuesday. 152,813 shares of the company were exchanged, compared to its average volume of 105,412. The stock has a market capitalization of $208.29 million, a PE ratio of 9.92 and a beta of 1.25. The stock has a 50-day simple moving average of $17.28 and a 200 day simple moving average of $18.81. Invesco KBW Premium Yield Equity REIT ETF has a 52 week low of $16.50 and a 52 week high of $21.86.

Invesco KBW Premium Yield Equity REIT ETF Cuts Dividend

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