Invesco S&P 500 BuyWrite ETF (BATS:PBP – Get Free Report) was the target of a significant decrease in short interest in the month of August. As of August 31st, there was short interest totaling 41,717 shares, a decrease of 68.3% from the August 15th total of 131,600 shares. Based on an average daily trading volume, of 62,834 shares, the short-interest ratio is currently 0.7 days. Approximately 0.3% of the company’s shares are short sold.
Invesco S&P 500 BuyWrite ETF Trading Up 0.6%
Shares of BATS:PBP opened at $23.35 on Friday. The stock has a market capitalization of $361.93 million, a P/E ratio of 25.96 and a beta of 0.49. The stock’s 50-day moving average price is $23.20 and its 200-day moving average price is $22.79. Invesco S&P 500 BuyWrite ETF has a 12-month low of $21.46 and a 12-month high of $23.57.
Hedge Funds Weigh In On Invesco S&P 500 BuyWrite ETF
Several institutional investors and hedge funds have recently bought and sold shares of the stock. Oarsman Capital Inc. purchased a new position in Invesco S&P 500 BuyWrite ETF in the 2nd quarter worth approximately $5,404,000. Bank of America Corp DE boosted its stake in shares of Invesco S&P 500 BuyWrite ETF by 117.8% during the third quarter. Bank of America Corp DE now owns 177,914 shares of the company’s stock valued at $3,935,000 after purchasing an additional 96,213 shares during the period. Advocacy Wealth Management LLC purchased a new stake in shares of Invesco S&P 500 BuyWrite ETF during the second quarter valued at approximately $2,939,000. Raymond James Financial Inc. grew its holdings in shares of Invesco S&P 500 BuyWrite ETF by 6.4% in the second quarter. Raymond James Financial Inc. now owns 121,886 shares of the company’s stock worth $2,664,000 after purchasing an additional 7,281 shares during the last quarter. Finally, Thrivent Financial for Lutherans bought a new position in shares of Invesco S&P 500 BuyWrite ETF in the fourth quarter worth approximately $2,676,000.
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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