Invesco MSCI USA ETF (BATS:PBUS) Short Interest Up 435.7% in June

Invesco MSCI USA ETF (BATS:PBUS) saw a large increase in short interest in June. As of June 30th, there was short interest totaling 252,333 shares, an increase of 435.7% from the June 15th total of 47,101 shares. Approximately 0.2% of the company’s stock are sold short. Based on an average daily volume of 644,270 shares, the short-interest ratio is presently 0.4 days.

Invesco MSCI USA ETF Price Performance

PBUS stock traded up $0.28 during trading on Friday, hitting $75.71. 39,732 shares of the stock traded hands, compared to its average volume of 383,963. The firm’s 50 day moving average is $74.45 and its two-hundred day moving average is $70.57. Invesco MSCI USA ETF has a 1 year low of $62.14 and a 1 year high of $76.22. The stock has a market cap of $10.02 billion, a price-to-earnings ratio of 26.20 and a beta of 1.03.

Hedge Funds Weigh In On Invesco MSCI USA ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Integrated Wealth Concepts LLC purchased a new position in shares of Invesco MSCI USA ETF in the first quarter worth $203,000. Marshall Wace LLP purchased a new stake in shares of Invesco MSCI USA ETF during the second quarter valued at $1,090,000. Jane Street Group LLC purchased a new stake in shares of Invesco MSCI USA ETF during the second quarter valued at $350,000. MML Investors Services LLC increased its holdings in Invesco MSCI USA ETF by 5.6% in the 2nd quarter. MML Investors Services LLC now owns 44,817 shares of the company’s stock worth $2,787,000 after buying an additional 2,371 shares in the last quarter. Finally, Tower Research Capital LLC TRC bought a new stake in Invesco MSCI USA ETF in the 2nd quarter worth about $494,000.

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.