Invesco MSCI USA ETF (BATS:PBUS) Stock Short Interest Jumps 1,901.6%

Invesco MSCI USA ETF (BATS:PBUS – Get Free Report) was the recipient of a significant increase in short interest in the month of October. As of October 30th, there was short interest totaling 675,978 shares, an increase of 1,901.6% from the October 15th total of 33,772 shares. Currently, 0.5% of the shares of the company are sold short. Based on an average daily volume of 217,528 shares, the days-to-cover ratio is currently 3.1 days.

Invesco MSCI USA ETF Price Performance

Invesco MSCI USA ETF stock opened at $75.11 on Wednesday. Invesco MSCI USA ETF has a 12 month low of $63.03 and a 12 month high of $78.40. The company has a fifty day moving average price of $76.70 and a two-hundred day moving average price of $73.24. The company has a market cap of $10.46 billion, a PE ratio of 24.03 and a beta of 1.02.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Retirement Planning Group LLC bought a new stake in shares of Invesco MSCI USA ETF during the 3rd quarter valued at about $597,000. Bank of New York Mellon Corp bought a new position in Invesco MSCI USA ETF in the first quarter worth about $143,354,000. Mirae Asset Global Investments Co. Ltd. bought a new position in Invesco MSCI USA ETF in the third quarter worth about $71,652,000. Envestnet Asset Management Inc. lifted its holdings in Invesco MSCI USA ETF by 264.7% in the second quarter. Envestnet Asset Management Inc. now owns 231,677 shares of the company’s stock worth $17,339,000 after acquiring an additional 168,147 shares during the last quarter. Finally, Cetera Investment Advisers boosted its stake in Invesco MSCI USA ETF by 24.2% in the first quarter. Cetera Investment Advisers now owns 509,294 shares of the company’s stock valued at $33,191,000 after acquiring an additional 99,160 shares during the period.

About Invesco MSCI USA ETF

(Get Free Report)

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.

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