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

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

Institutional Investors Weigh In On Invesco MSCI USA ETF

A number of hedge funds have recently added to or reduced their stakes in PBUS. Morgan Stanley boosted its position in Invesco MSCI USA ETF by 19.6% in the 4th quarter. Morgan Stanley now owns 32,156,914 shares of the company’s stock valued at $2,201,141,000 after buying an additional 5,280,388 shares during the period. Bank of New York Mellon Corp purchased a new stake in shares of Invesco MSCI USA ETF during the first quarter worth $143,354,000. Raymond James Financial Inc. increased its position in shares of Invesco MSCI USA ETF by 4.6% during the fourth quarter. Raymond James Financial Inc. now owns 1,545,014 shares of the company’s stock worth $105,756,000 after acquiring an additional 67,908 shares during the period. Invesco Ltd. increased its position in shares of Invesco MSCI USA ETF by 141.0% during the third quarter. Invesco Ltd. now owns 1,294,760 shares of the company’s stock worth $86,814,000 after acquiring an additional 757,506 shares during the period. Finally, Ensign Peak Advisors Inc acquired a new stake in shares of Invesco MSCI USA ETF in the fourth quarter valued at $81,334,000.

Invesco MSCI USA ETF Stock Performance

BATS PBUS opened at $77.91 on Monday. The firm has a 50 day simple moving average of $75.10 and a 200-day simple moving average of $71.74. Invesco MSCI USA ETF has a one year low of $63.03 and a one year high of $78.22. The firm has a market cap of $10.32 billion, a price-to-earnings ratio of 26.20 and a beta of 1.03.

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.