Invesco S&P 500 BuyWrite ETF (BATS:PBP – Get Free Report) was the recipient of a large drop in short interest in August. As of August 31st, there was short interest totaling 41,717 shares, a drop of 68.3% from the August 15th total of 131,600 shares. Approximately 0.3% of the shares of the stock are short sold. Based on an average daily volume of 62,834 shares, the days-to-cover ratio is currently 0.7 days.
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of the company. Thrivent Financial for Lutherans bought a new stake in Invesco S&P 500 BuyWrite ETF in the fourth quarter worth about $2,676,000. Oarsman Capital Inc. acquired a new stake in Invesco S&P 500 BuyWrite ETF in the 2nd quarter valued at about $5,404,000. Rothschild Capital Partners LLC bought a new position in shares of Invesco S&P 500 BuyWrite ETF during the 2nd quarter valued at about $1,301,000. Cullen Frost Bankers Inc. boosted its position in shares of Invesco S&P 500 BuyWrite ETF by 30.5% during the 4th quarter. Cullen Frost Bankers Inc. now owns 101,771 shares of the company’s stock valued at $2,323,000 after purchasing an additional 23,806 shares in the last quarter. Finally, Advocacy Wealth Management LLC bought a new position in shares of Invesco S&P 500 BuyWrite ETF during the 2nd quarter valued at about $2,939,000.
Invesco S&P 500 BuyWrite ETF Stock Performance
Shares of PBP stock opened at $23.35 on Friday. Invesco S&P 500 BuyWrite ETF has a 1 year low of $21.46 and a 1 year high of $23.57. The business’s fifty day moving average is $23.20 and its 200-day moving average is $22.79. The stock has a market cap of $361.93 million, a PE ratio of 25.96 and a beta of 0.49.
Invesco S&P 500 BuyWrite ETF Company Profile
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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