Invesco MSCI USA ETF (BATS:PBUS) Short Interest Update

Invesco MSCI USA ETF (BATS:PBUS) was the target of a significant decline in short interest in the month of May. As of May 29th, there was short interest totaling 29,157 shares, a decline of 76.7% from the May 14th total of 124,940 shares. Based on an average trading volume of 272,244 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the shares of the company are short sold.

Invesco MSCI USA ETF Stock Down 0.3%

Shares of Invesco MSCI USA ETF stock opened at $73.88 on Wednesday. Invesco MSCI USA ETF has a 52-week low of $59.51 and a 52-week high of $76.22. The company’s 50-day simple moving average is $71.79 and its 200-day simple moving average is $69.55. The firm has a market cap of $9.78 billion, a price-to-earnings ratio of 26.20 and a beta of 1.03.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in PBUS. Geneos Wealth Management Inc. increased its stake in shares of Invesco MSCI USA ETF by 110.4% during the second quarter. Geneos Wealth Management Inc. now owns 526 shares of the company’s stock worth $33,000 after acquiring an additional 276 shares during the period. Bank of America Corp DE increased its stake in shares of Invesco MSCI USA ETF by 1,298.6% during the third quarter. Bank of America Corp DE now owns 1,035 shares of the company’s stock worth $69,000 after acquiring an additional 961 shares during the period. Integrated Wealth Concepts LLC acquired a new position in shares of Invesco MSCI USA ETF during the first quarter worth about $203,000. Retirement Planning Group LLC acquired a new position in shares of Invesco MSCI USA ETF during the first quarter worth about $332,000. Finally, Jane Street Group LLC acquired a new position in shares of Invesco MSCI USA ETF during the second quarter worth about $350,000.

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.