Invesco MSCI USA ETF (BATS:PBUS) Stock Short Interest Rises 1,901.6%

Invesco MSCI USA ETF (BATS:PBUS) was the recipient of a significant 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 trading volume of 217,528 shares, the short-interest ratio is presently 3.1 days. Approximately 0.5% of the shares of the company are sold short.

Invesco MSCI USA ETF Stock Performance

Shares of PBUS stock traded down $0.24 during mid-day trading on Tuesday, hitting $75.11. 193,094 shares of the stock were exchanged, compared to its average volume of 372,607. The stock’s fifty day simple moving average is $76.70 and its two-hundred day simple moving average is $73.24. The stock has a market capitalization of $10.46 billion, a price-to-earnings ratio of 24.03 and a beta of 1.02. Invesco MSCI USA ETF has a 12-month low of $63.03 and a 12-month high of $78.40.

Institutional Trading of Invesco MSCI USA ETF

Large investors have recently made changes to their positions in the company. Integrated Wealth Concepts LLC acquired a new stake in shares of Invesco MSCI USA ETF in the 2nd quarter valued at about $39,000. TOP Private Wealth LLC. acquired a new position in Invesco MSCI USA ETF during the second quarter worth approximately $90,000. Bank of America Corp DE increased its position in Invesco MSCI USA ETF by 225.1% during the first 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 period. Retirement Planning Group LLC purchased a new stake in Invesco MSCI USA ETF in the first quarter valued at approximately $332,000. Finally, IAG Wealth Partners LLC lifted its stake in Invesco MSCI USA ETF by 1.3% in 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 last quarter.

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.