Invesco S&P 500 BuyWrite ETF (BATS:PBP – Get Free Report) saw a significant growth in short interest in October. As of October 15th, there was short interest totaling 79,709 shares, a growth of 198.4% from the September 30th total of 26,710 shares. Based on an average daily trading volume, of 62,612 shares, the short-interest ratio is currently 1.3 days. Currently, 0.5% of the shares of the company are short sold.
Invesco S&P 500 BuyWrite ETF Price Performance
Shares of PBP stock opened at $23.35 on Friday. The company has a market cap of $361.93 million, a price-to-earnings ratio of 25.96 and a beta of 0.49. The stock has a 50 day simple moving average of $23.32 and a 200-day simple moving average of $22.89. Invesco S&P 500 BuyWrite ETF has a 1-year low of $21.46 and a 1-year high of $23.57.
Institutional Trading of Invesco S&P 500 BuyWrite ETF
A number of hedge funds have recently bought and sold shares of the business. Oarsman Capital Inc. purchased a new position in shares of Invesco S&P 500 BuyWrite ETF during the 2nd quarter worth $5,404,000. Rothschild Capital Partners LLC acquired a new stake in shares of Invesco S&P 500 BuyWrite ETF during the 2nd quarter worth about $1,301,000. Fifth Third Securities Inc. purchased a new stake in Invesco S&P 500 BuyWrite ETF in the 3rd quarter valued at about $6,175,000. Advocacy Wealth Management LLC purchased a new stake in Invesco S&P 500 BuyWrite ETF in the 2nd quarter valued at about $2,939,000. Finally, Park Avenue Securities LLC purchased a new stake in Invesco S&P 500 BuyWrite ETF in the 3rd quarter valued at about $5,899,000.
Invesco S&P 500 BuyWrite ETF Company Profile
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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