Invesco S&P 500 BuyWrite ETF (BATS:PBP – Get Free Report) saw a large decline in short interest in September. As of September 30th, there was short interest totaling 26,710 shares, a decline of 69.1% from the September 15th total of 86,436 shares. Approximately 0.2% of the shares of the stock are short sold. Based on an average trading volume of 108,149 shares, the days-to-cover ratio is presently 0.2 days.
Hedge Funds Weigh In On Invesco S&P 500 BuyWrite ETF
Several hedge funds and other institutional investors have recently modified their holdings of PBP. Roan Capital Partners acquired a new stake in Invesco S&P 500 BuyWrite ETF in the 3rd quarter valued at about $247,000. Nwam LLC purchased a new stake in shares of Invesco S&P 500 BuyWrite ETF in the second quarter valued at about $88,000. Strategic Advisors LLC acquired a new position in Invesco S&P 500 BuyWrite ETF in the 2nd quarter valued at about $68,000. Advocacy Wealth Management LLC purchased a new stake in shares of Invesco S&P 500 BuyWrite ETF in the 2nd quarter valued at approximately $2,939,000. Finally, BTG Pactual Asset Management US LLC purchased a new stake in shares of Invesco S&P 500 BuyWrite ETF during the 2nd quarter valued at approximately $28,000.
Invesco S&P 500 BuyWrite ETF Stock Down 0.0%
Shares of BATS PBP opened at $23.52 on Wednesday. The firm has a market cap of $364.56 million, a price-to-earnings ratio of 25.96 and a beta of 0.49. Invesco S&P 500 BuyWrite ETF has a 52-week low of $21.46 and a 52-week high of $23.57. The company’s 50-day simple moving average is $23.34 and its 200-day simple moving average is $22.92.
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.
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