Invesco MSCI USA ETF (BATS:PBUS) Sees Significant Decrease in Short Interest

Invesco MSCI USA ETF (BATS:PBUS) was the recipient of a large decrease in short interest during the month of August. As of August 31st, there was short interest totaling 17,749 shares, a decrease of 51.5% from the August 15th total of 36,562 shares. Based on an average trading volume of 181,828 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the company’s stock are sold short.

Invesco MSCI USA ETF Stock Down 0.7%

Shares of PBUS opened at $76.17 on Tuesday. Invesco MSCI USA ETF has a twelve month low of $63.03 and a twelve month high of $78.22. The stock has a market capitalization of $10.09 billion, a P/E ratio of 26.20 and a beta of 1.03. The company has a 50 day moving average of $76.16 and a 200-day moving average of $72.90.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Integrated Wealth Concepts LLC bought a new position in shares of Invesco MSCI USA ETF in the 2nd quarter valued at about $39,000. TOP Private Wealth LLC. acquired a new position in shares of Invesco MSCI USA ETF during the 2nd quarter worth approximately $90,000. Bank of America Corp DE raised its position in shares of Invesco MSCI USA ETF by 225.1% in the first quarter. Bank of America Corp DE now owns 4,164 shares of the company’s stock valued at $271,000 after purchasing an additional 2,883 shares during the period. Cetera Investment Advisers raised its holdings in Invesco MSCI USA ETF by 24.2% in the 1st quarter. Cetera Investment Advisers now owns 509,294 shares of the company’s stock valued at $33,191,000 after acquiring an additional 99,160 shares during the period. Finally, Bank of New York Mellon Corp bought a new position in shares of Invesco MSCI USA ETF during the first quarter worth approximately $143,354,000.

About Invesco MSCI USA ETF

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.