Invesco S&P 500 BuyWrite ETF (BATS:PBP – Get Free Report) was the target of a significant drop in short interest in September. As of September 30th, there was short interest totaling 26,710 shares, a drop of 69.1% from the September 15th total of 86,436 shares. Based on an average daily volume of 108,149 shares, the short-interest ratio is currently 0.2 days. Approximately 0.2% of the company’s stock are sold short.
Invesco S&P 500 BuyWrite ETF Stock Performance
PBP stock opened at $23.53 on Tuesday. The firm has a 50 day moving average price of $23.34 and a 200-day moving average price of $22.91. 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 capitalization of $364.71 million, a price-to-earnings ratio of 25.96 and a beta of 0.49.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Oarsman Capital Inc. purchased a new stake in shares of Invesco S&P 500 BuyWrite ETF in the second quarter worth $5,404,000. Rothschild Capital Partners LLC bought a new position in shares of Invesco S&P 500 BuyWrite ETF during the second quarter valued at $1,301,000. Advocacy Wealth Management LLC bought a new position in shares of Invesco S&P 500 BuyWrite ETF during the second quarter valued at $2,939,000. BTG Pactual Asset Management US LLC bought a new position in shares of Invesco S&P 500 BuyWrite ETF during the second quarter valued at $28,000. Finally, Headlands Technologies LLC purchased a new position in shares of Invesco S&P 500 BuyWrite ETF in the 2nd quarter worth about $389,000.
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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