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

Invesco MSCI USA ETF (BATS:PBUS) was the recipient of a large increase in short interest during 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 volume of 217,528 shares, the days-to-cover ratio is currently 3.1 days. Currently, 0.5% of the shares of the company are short sold.

Invesco MSCI USA ETF Stock Down 0.3%

BATS:PBUS traded down $0.24 during trading hours on Tuesday, reaching $75.11. 193,094 shares of the company’s stock were exchanged, compared to its average volume of 372,607. The firm has a market capitalization of $10.46 billion, a price-to-earnings ratio of 24.03 and a beta of 1.02. The company has a 50-day moving average of $76.70 and a 200 day moving average of $73.24. Invesco MSCI USA ETF has a 1-year low of $63.03 and a 1-year high of $78.40.

Institutional Investors Weigh In On Invesco MSCI USA ETF

A number of institutional investors and hedge funds have recently made changes to their positions in PBUS. Retirement Planning Group LLC acquired a new stake in shares of Invesco MSCI USA ETF during the third quarter worth about $597,000. Bank of New York Mellon Corp acquired a new position in Invesco MSCI USA ETF in the 1st quarter valued at about $143,354,000. Envestnet Asset Management Inc. increased its position in Invesco MSCI USA ETF by 264.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 231,677 shares of the company’s stock valued at $17,339,000 after acquiring an additional 168,147 shares during the period. Mirae Asset Global Investments Co. Ltd. acquired a new position in Invesco MSCI USA ETF in the 3rd quarter valued at about $71,652,000. Finally, Cetera Investment Advisers raised its stake in Invesco MSCI USA ETF by 24.2% during 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 last quarter.

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.