Invesco S&P 500 BuyWrite ETF (BATS:PBP) Short Interest Update

Invesco S&P 500 BuyWrite ETF (BATS:PBP) was the target of a significant decline in short interest during the month of August. As of August 31st, there was short interest totaling 41,717 shares, a decline of 68.3% from the August 15th total of 131,600 shares. Based on an average trading volume of 62,834 shares, the short-interest ratio is presently 0.7 days. Currently, 0.3% of the company’s shares are short sold.

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

Several hedge funds have recently added to or reduced their stakes in the company. Kestra Advisory Services LLC boosted its position in Invesco S&P 500 BuyWrite ETF by 8.9% during the first quarter. Kestra Advisory Services LLC now owns 11,562 shares of the company’s stock valued at $254,000 after purchasing an additional 941 shares in the last quarter. Stifel Financial Corp grew its stake in Invesco S&P 500 BuyWrite ETF by 4.3% in the fourth quarter. Stifel Financial Corp now owns 25,232 shares of the company’s stock valued at $576,000 after purchasing an additional 1,045 shares during the last quarter. Rockefeller Capital Management L.P. raised its holdings 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 worth $35,000 after purchasing an additional 1,054 shares in the last quarter. BTG Pactual Asset Management US LLC bought a new position in Invesco S&P 500 BuyWrite ETF in the second quarter worth about $28,000. Finally, Envestnet Portfolio Solutions Inc. lifted its position in shares of Invesco S&P 500 BuyWrite ETF by 14.2% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 12,423 shares of the company’s stock valued at $284,000 after buying an additional 1,540 shares during the last quarter.

Invesco S&P 500 BuyWrite ETF Stock Performance

Shares of PBP opened at $23.35 on Monday. Invesco S&P 500 BuyWrite ETF has a twelve month low of $21.46 and a twelve month high of $23.57. The company has a market cap of $361.93 million, a P/E ratio of 25.96 and a beta of 0.49. The company’s fifty day simple moving average is $23.20 and its 200-day simple moving average is $22.79.

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.