Invesco S&P 500 BuyWrite ETF (BATS:PBP – Get Free Report) saw a significant decline in short interest in the month of October. As of October 30th, there was short interest totaling 37,518 shares, a decline of 52.9% from the October 15th total of 79,709 shares. Based on an average daily volume of 67,838 shares, the days-to-cover ratio is currently 0.6 days. Approximately 0.2% of the company’s shares are short sold.
Institutional Trading of Invesco S&P 500 BuyWrite ETF
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Sumitomo Life Insurance Co. acquired a new stake in shares of Invesco S&P 500 BuyWrite ETF in the third quarter valued at $144,864,000. Fifth Third Securities Inc. acquired a new stake in Invesco S&P 500 BuyWrite ETF during the third quarter worth approximately $6,175,000. Park Avenue Securities LLC purchased a new stake in Invesco S&P 500 BuyWrite ETF in the third quarter valued at $5,899,000. Oarsman Capital Inc. purchased a new stake in shares of Invesco S&P 500 BuyWrite ETF in the 2nd quarter valued at about $5,404,000. Finally, Advocacy Wealth Management LLC purchased a new stake in Invesco S&P 500 BuyWrite ETF in the second quarter valued at approximately $2,939,000.
Invesco S&P 500 BuyWrite ETF Stock Performance
BATS:PBP remained flat at $23.15 on Friday. The company’s stock had a trading volume of 17,515 shares, compared to its average volume of 56,989. Invesco S&P 500 BuyWrite ETF has a 12 month low of $21.46 and a 12 month high of $23.57. The company has a 50-day moving average of $23.26 and a 200 day moving average of $22.90. The firm has a market capitalization of $392.39 million, a price-to-earnings ratio of 23.05 and a beta of 0.46.
About Invesco S&P 500 BuyWrite ETF
The Invesco S&P 500 BuyWrite ETF (PBP) is an exchange-traded fund that is based on the Cboe S&P 500 BuyWrite index. The fund tracks an index that uses a covered-call strategy to provide long exposure to the S&P 500 and selling call options thereon. PBP was launched on Dec 20, 2007 and is managed by Invesco.
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