Invesco 0-5 Yr US TIPS ETF (BATS:PBTP – Get Free Report) was the recipient of a significant growth in short interest in the month of May. As of May 29th, there was short interest totaling 15,790 shares, a growth of 189.7% from the May 14th total of 5,450 shares. Based on an average trading volume of 23,512 shares, the days-to-cover ratio is presently 0.7 days. Currently, 0.6% of the company’s shares are sold short.
Invesco 0-5 Yr US TIPS ETF Stock Performance
PBTP stock opened at $26.38 on Friday. The firm’s 50-day moving average price is $26.34 and its two-hundred day moving average price is $26.17. Invesco 0-5 Yr US TIPS ETF has a 12-month low of $25.87 and a 12-month high of $26.49.
Hedge Funds Weigh In On Invesco 0-5 Yr US TIPS ETF
A number of hedge funds have recently modified their holdings of PBTP. Kestra Advisory Services LLC purchased a new position in shares of Invesco 0-5 Yr US TIPS ETF during the fourth quarter valued at about $42,000. Jane Street Group LLC purchased a new position in shares of Invesco 0-5 Yr US TIPS ETF during the second quarter valued at about $239,000. Citadel Advisors LLC purchased a new position in shares of Invesco 0-5 Yr US TIPS ETF during the third quarter valued at about $291,000. MML Investors Services LLC increased its position in shares of Invesco 0-5 Yr US TIPS ETF by 9.3% during the fourth quarter. MML Investors Services LLC now owns 13,518 shares of the company’s stock valued at $350,000 after buying an additional 1,152 shares during the period. Finally, Triad Wealth Partners LLC purchased a new position in shares of Invesco 0-5 Yr US TIPS ETF during the fourth quarter valued at about $380,000.
About Invesco 0-5 Yr US TIPS ETF
The Invesco PureBeta 0-5 Yr US TIPS ETF (PBTP) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a market-value-weighted index of US Treasury inflation-protected securities with up to five years remaining to maturity. PBTP was launched on Sep 22, 2017 and is managed by Invesco.
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