Short Interest in Invesco MSCI USA ETF (BATS:PBUS) Drops By 58.5%

Invesco MSCI USA ETF (BATS:PBUS) was the recipient of a significant decline in short interest in July. As of July 31st, there was short interest totaling 25,329 shares, a decline of 58.5% from the July 15th total of 60,964 shares. Based on an average daily trading volume, of 234,697 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the shares of the stock are sold short.

Invesco MSCI USA ETF Stock Performance

PBUS opened at $77.91 on Friday. The stock has a market capitalization of $10.32 billion, a price-to-earnings ratio of 26.20 and a beta of 1.03. The company has a fifty day moving average of $75.10 and a 200 day moving average of $71.72. Invesco MSCI USA ETF has a fifty-two week low of $63.03 and a fifty-two week high of $78.22.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Geneos Wealth Management Inc. boosted its holdings in shares of Invesco MSCI USA ETF by 110.4% during the 2nd quarter. Geneos Wealth Management Inc. now owns 526 shares of the company’s stock valued at $33,000 after purchasing an additional 276 shares during the last quarter. Vestcor Inc increased its holdings in shares of Invesco MSCI USA ETF by 0.6% in the fourth quarter. Vestcor Inc now owns 134,953 shares of the company’s stock worth $9,238,000 after purchasing an additional 780 shares during the last quarter. Bank of America Corp DE increased its holdings in shares of Invesco MSCI USA ETF by 1,298.6% in the third quarter. Bank of America Corp DE now owns 1,035 shares of the company’s stock worth $69,000 after purchasing an additional 961 shares during the last quarter. Altus Wealth Group LLC lifted its position in shares of Invesco MSCI USA ETF by 3.7% in the first quarter. Altus Wealth Group LLC now owns 37,267 shares of the company’s stock worth $2,429,000 after buying an additional 1,339 shares in the last quarter. Finally, MML Investors Services LLC lifted its position in shares of Invesco MSCI USA ETF by 5.6% in the second quarter. MML Investors Services LLC now owns 44,817 shares of the company’s stock worth $2,787,000 after buying an additional 2,371 shares in the last quarter.

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.