Invesco MSCI USA ETF (BATS:PBUS – Get Free Report) saw a significant increase in short interest in the month of October. As of October 30th, there was short interest totaling 675,978 shares, an increase of 1,901.6% from the October 15th total of 33,772 shares. Based on an average daily trading volume, of 217,528 shares, the days-to-cover ratio is presently 3.1 days. Approximately 0.5% of the company’s shares are short sold.
Invesco MSCI USA ETF Stock Up 1.3%
BATS:PBUS opened at $76.12 on Thursday. Invesco MSCI USA ETF has a twelve month low of $63.03 and a twelve month high of $78.40. The company has a fifty day moving average of $76.70 and a 200-day moving average of $73.28. The firm has a market capitalization of $10.60 billion, a P/E ratio of 24.03 and a beta of 1.02.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently added to or reduced their stakes in PBUS. Integrated Wealth Concepts LLC purchased a new position in Invesco MSCI USA ETF in the second quarter worth $39,000. TOP Private Wealth LLC. purchased a new position in shares of Invesco MSCI USA ETF in the 2nd quarter worth about $90,000. Bank of America Corp DE boosted its holdings in shares of Invesco MSCI USA ETF by 225.1% in the 1st quarter. Bank of America Corp DE now owns 4,164 shares of the company’s stock worth $271,000 after buying an additional 2,883 shares during the last quarter. Retirement Planning Group LLC bought a new position in Invesco MSCI USA ETF during the first quarter valued at about $332,000. Finally, IAG Wealth Partners LLC grew its position in Invesco MSCI USA ETF by 1.3% during the third quarter. IAG Wealth Partners LLC now owns 16,042 shares of the company’s stock valued at $1,228,000 after buying an additional 209 shares during the period.
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.
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