Invesco KBW Premium Yield Equity REIT ETF (NASDAQ:KBWY) Short Interest Up 241.3% in March

Invesco KBW Premium Yield Equity REIT ETF (NASDAQ:KBWY) saw a large increase in short interest in March. As of March 31st, there was short interest totalling 169,300 shares, an increase of 241.3% from the March 15th total of 49,600 shares. Currently, 1.3% of the company’s stock are sold short. Based on an average trading volume of 149,200 shares, the days-to-cover ratio is currently 1.1 days.

Invesco KBW Premium Yield Equity REIT ETF Price Performance

Shares of KBWY opened at $15.15 on Tuesday. The company’s fifty day moving average price is $16.73 and its 200 day moving average price is $18.32. Invesco KBW Premium Yield Equity REIT ETF has a one year low of $13.86 and a one year high of $21.86. The company has a market capitalization of $198.01 million, a PE ratio of 8.26 and a beta of 1.25.

Invesco KBW Premium Yield Equity REIT ETF Cuts Dividend

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

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in KBWY. Anderson Financial Strategies LLC bought a new position in shares of Invesco KBW Premium Yield Equity REIT ETF during the 4th quarter worth about $25,000. Synergy Asset Management LLC bought a new position in shares of Invesco KBW Premium Yield Equity REIT ETF in the fourth quarter valued at about $27,000. Crews Bank & Trust acquired a new position in shares of Invesco KBW Premium Yield Equity REIT ETF during the fourth quarter worth approximately $55,000. Jones Financial Companies Lllp boosted its position in Invesco KBW Premium Yield Equity REIT ETF by 85.2% in 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 last quarter. Finally, Jane Street Group LLC acquired a new stake in shares of Invesco KBW Premium Yield Equity REIT ETF in the 3rd quarter valued at $220,000.

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.