Invesco MSCI USA ETF (BATS:PBUS) Sees Large Drop in Short Interest

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

Institutional Investors Weigh In On Invesco MSCI USA ETF

Hedge funds have recently bought and sold shares of the company. Morgan Stanley lifted its position in Invesco MSCI USA ETF by 19.6% during the fourth quarter. Morgan Stanley now owns 32,156,914 shares of the company’s stock worth $2,201,141,000 after acquiring an additional 5,280,388 shares during the last quarter. Bank of New York Mellon Corp bought a new position in Invesco MSCI USA ETF in the first quarter valued at approximately $143,354,000. Raymond James Financial Inc. increased its stake in Invesco MSCI USA ETF by 4.6% in the fourth quarter. Raymond James Financial Inc. now owns 1,545,014 shares of the company’s stock valued at $105,756,000 after acquiring an additional 67,908 shares during the last quarter. Invesco Ltd. increased its stake in Invesco MSCI USA ETF by 141.0% in the third quarter. Invesco Ltd. now owns 1,294,760 shares of the company’s stock valued at $86,814,000 after acquiring an additional 757,506 shares during the last quarter. Finally, Ensign Peak Advisors Inc bought a new position in Invesco MSCI USA ETF in the fourth quarter valued at approximately $81,334,000.

Invesco MSCI USA ETF Stock Performance

Shares of BATS:PBUS opened at $72.64 on Thursday. Invesco MSCI USA ETF has a 52-week low of $59.51 and a 52-week high of $76.22. The company has a market capitalization of $9.62 billion, a P/E ratio of 26.20 and a beta of 1.03. The company has a 50-day simple moving average of $71.98 and a 200 day simple moving average of $69.60.

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.