Invesco MSCI USA ETF (BATS:PBUS) Sees Large Increase in Short Interest

Invesco MSCI USA ETF (BATS:PBUS) was the target of a significant increase in short interest in the month of June. As of June 30th, there was short interest totaling 252,333 shares, an increase of 435.7% from the June 15th total of 47,101 shares. Based on an average trading volume of 644,270 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.2% of the shares of the company are short sold.

Invesco MSCI USA ETF Stock Up 0.4%

BATS PBUS traded up $0.28 during trading hours on Friday, hitting $75.71. 39,732 shares of the stock were exchanged, compared to its average volume of 383,963. The company has a market cap of $10.02 billion, a price-to-earnings ratio of 26.20 and a beta of 1.03. Invesco MSCI USA ETF has a 12-month low of $62.14 and a 12-month high of $76.22. The stock has a 50-day moving average of $74.45 and a 200 day moving average of $70.57.

Hedge Funds Weigh In On Invesco MSCI USA ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in PBUS. Geneos Wealth Management Inc. raised its stake in shares of Invesco MSCI USA ETF by 110.4% during the 2nd quarter. Geneos Wealth Management Inc. now owns 526 shares of the company’s stock worth $33,000 after buying an additional 276 shares in the last quarter. Bank of America Corp DE grew its holdings in Invesco MSCI USA ETF by 1,298.6% during the third quarter. Bank of America Corp DE now owns 1,035 shares of the company’s stock worth $69,000 after acquiring an additional 961 shares during the period. Integrated Wealth Concepts LLC acquired a new stake in Invesco MSCI USA ETF in the first quarter valued at $203,000. Retirement Planning Group LLC purchased a new position in shares of Invesco MSCI USA ETF in the 1st quarter valued at about $332,000. Finally, Jane Street Group LLC purchased a new position in shares of Invesco MSCI USA ETF in the 2nd quarter valued at about $350,000.

Invesco MSCI USA ETF Company Profile

The Invesco PureBeta MSCI USA ETF (PBUS) is an exchange-traded fund that is based on the MSCI USA index. The fund tracks a market-cap-selected and -weighted index of mid and large-cap US stocks. PBUS was launched on Sep 22, 2017 and is managed by Invesco.