Invesco S&P 500 BuyWrite ETF (BATS:PBP – Get Free Report) saw a significant increase in short interest during the month of October. As of October 15th, there was short interest totaling 79,709 shares, an increase of 198.4% from the September 30th total of 26,710 shares. Approximately 0.5% of the shares of the company are sold short. Based on an average trading volume of 62,612 shares, the days-to-cover ratio is presently 1.3 days.
Invesco S&P 500 BuyWrite ETF Stock Performance
PBP stock opened at $23.03 on Friday. Invesco S&P 500 BuyWrite ETF has a fifty-two week low of $21.46 and a fifty-two week high of $23.57. The business’s 50-day moving average is $23.32 and its two-hundred day moving average is $22.90. The company has a market cap of $356.96 million, a price-to-earnings ratio of 25.96 and a beta of 0.49.
Institutional Investors Weigh In On Invesco S&P 500 BuyWrite ETF
Hedge funds and other institutional investors have recently made changes to their positions in the business. Fifth Third Securities Inc. bought a new position in Invesco S&P 500 BuyWrite ETF in the 3rd quarter worth $6,175,000. Park Avenue Securities LLC purchased a new position in Invesco S&P 500 BuyWrite ETF during the third quarter valued at $5,899,000. Oarsman Capital Inc. purchased a new position in Invesco S&P 500 BuyWrite ETF during the second quarter valued at $5,404,000. Advocacy Wealth Management LLC bought a new stake in Invesco S&P 500 BuyWrite ETF during the second quarter valued at about $2,939,000. Finally, Rothschild Capital Partners LLC bought a new stake in Invesco S&P 500 BuyWrite ETF during the second quarter valued at about $1,301,000.
About Invesco S&P 500 BuyWrite ETF
The Invesco S&P 500 BuyWrite ETF (PBP) is an exchange-traded fund that is based on the Cboe S&P 500 BuyWrite index. The fund tracks an index that uses a covered-call strategy to provide long exposure to the S&P 500 and selling call options thereon. PBP was launched on Dec 20, 2007 and is managed by Invesco.
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