Invesco S&P 500 BuyWrite ETF (BATS:PBP) Sees Significant Increase in Short Interest

Invesco S&P 500 BuyWrite ETF (BATS:PBP) saw a large increase in short interest during the month of September. As of September 15th, there was short interest totaling 86,436 shares, an increase of 107.2% from the August 31st total of 41,717 shares. Based on an average daily trading volume, of 49,122 shares, the short-interest ratio is presently 1.8 days. Approximately 0.6% of the shares of the company are short sold.

Hedge Funds Weigh In On Invesco S&P 500 BuyWrite ETF

Hedge funds have recently added to or reduced their stakes in the business. Kestra Advisory Services LLC grew its stake in Invesco S&P 500 BuyWrite ETF by 8.9% during the 1st quarter. Kestra Advisory Services LLC now owns 11,562 shares of the company’s stock worth $254,000 after buying an additional 941 shares during the last quarter. Rockefeller Capital Management L.P. lifted its stake in Invesco S&P 500 BuyWrite ETF by 219.6% in the fourth quarter. Rockefeller Capital Management L.P. now owns 1,534 shares of the company’s stock valued at $35,000 after buying an additional 1,054 shares during the last quarter. BTG Pactual Asset Management US LLC bought a new stake in Invesco S&P 500 BuyWrite ETF in the second quarter valued at $28,000. Citizens Financial Group Inc. RI boosted its holdings in shares of Invesco S&P 500 BuyWrite ETF by 15.8% during the first quarter. Citizens Financial Group Inc. RI now owns 13,588 shares of the company’s stock valued at $299,000 after acquiring an additional 1,859 shares during the period. Finally, Western Wealth Management LLC acquired a new position in shares of Invesco S&P 500 BuyWrite ETF during the first quarter valued at $55,000.

Invesco S&P 500 BuyWrite ETF Trading Down 0.1%

Shares of PBP opened at $23.30 on Tuesday. Invesco S&P 500 BuyWrite ETF has a 52 week low of $21.46 and a 52 week high of $23.57. The firm has a market cap of $361.15 million, a price-to-earnings ratio of 25.96 and a beta of 0.49. The stock has a 50 day moving average of $23.25 and a 200-day moving average of $22.83.

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.