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

Invesco MSCI USA ETF (BATS:PBUS) was the recipient of a large drop in short interest during the month of 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. Approximately 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 272,244 shares, the days-to-cover ratio is presently 0.1 days.

Invesco MSCI USA ETF Stock Up 0.6%

BATS:PBUS traded up $0.44 during mid-day trading on Friday, reaching $74.37. 17,519 shares of the stock were exchanged, compared to its average volume of 341,739. The company has a 50 day simple moving average of $72.15 and a 200-day simple moving average of $69.66. The stock has a market capitalization of $9.85 billion, a P/E ratio of 26.20 and a beta of 1.03. Invesco MSCI USA ETF has a 1 year low of $59.51 and a 1 year high of $76.22.

Institutional Trading of Invesco MSCI USA ETF

A number of hedge funds have recently added to or reduced their stakes in PBUS. Morgan Stanley lifted its position in Invesco MSCI USA ETF by 19.6% during the 4th 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 period. Bank of New York Mellon Corp acquired a new stake in Invesco MSCI USA ETF during the 1st quarter worth approximately $143,354,000. Ensign Peak Advisors Inc acquired a new stake in Invesco MSCI USA ETF during the 4th quarter worth approximately $81,334,000. Raymond James Financial Inc. lifted its position in Invesco MSCI USA ETF by 200.8% during the 3rd quarter. Raymond James Financial Inc. now owns 1,477,106 shares of the company’s stock worth $99,040,000 after acquiring an additional 986,113 shares during the period. Finally, Invesco Ltd. lifted its position in Invesco MSCI USA ETF by 141.0% during the 3rd quarter. Invesco Ltd. now owns 1,294,760 shares of the company’s stock worth $86,814,000 after acquiring an additional 757,506 shares during the period.

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.