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

Invesco MSCI USA ETF (BATS:PBUS) saw a large drop in short interest during the month of July. As of July 15th, there was short interest totaling 60,964 shares, a drop of 75.8% from the June 30th total of 252,333 shares. Based on an average daily trading volume, of 439,658 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the shares of the company are short sold.

Hedge Funds Weigh In On Invesco MSCI USA ETF

Several large investors have recently added to or reduced their stakes in PBUS. Geneos Wealth Management Inc. boosted its holdings in Invesco MSCI USA ETF by 110.4% in the second quarter. Geneos Wealth Management Inc. now owns 526 shares of the company’s stock worth $33,000 after purchasing an additional 276 shares during the period. Vestcor Inc lifted its position in shares of Invesco MSCI USA ETF by 0.6% in the 4th quarter. Vestcor Inc now owns 134,953 shares of the company’s stock worth $9,238,000 after buying an additional 780 shares during the last quarter. Bank of America Corp DE boosted its holdings in shares of Invesco MSCI USA ETF by 1,298.6% in the 3rd quarter. Bank of America Corp DE now owns 1,035 shares of the company’s stock valued at $69,000 after buying an additional 961 shares during the period. Altus Wealth Group LLC boosted its holdings in shares of Invesco MSCI USA ETF by 3.7% in the 1st quarter. Altus Wealth Group LLC now owns 37,267 shares of the company’s stock valued at $2,429,000 after buying an additional 1,339 shares during the period. Finally, MML Investors Services LLC grew its position in shares of Invesco MSCI USA ETF by 5.6% during the 2nd quarter. MML Investors Services LLC now owns 44,817 shares of the company’s stock valued at $2,787,000 after buying an additional 2,371 shares during the last quarter.

Invesco MSCI USA ETF Stock Up 0.2%

Shares of PBUS traded up $0.13 during mid-day trading on Monday, hitting $74.20. The stock had a trading volume of 27,410 shares, compared to its average volume of 372,601. The company has a market cap of $9.82 billion, a PE ratio of 26.20 and a beta of 1.03. The company’s fifty day simple moving average is $74.71 and its two-hundred day simple moving average is $71.00. Invesco MSCI USA ETF has a fifty-two week low of $62.30 and a fifty-two week high of $76.22.

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.