Invesco S&P 500 BuyWrite ETF (BATS:PBP – Get Free Report) saw a large increase in short interest in the month of September. As of September 15th, there was short interest totaling 86,436 shares, an increase of 107.2% from the August 31st total of 41,717 shares. Approximately 0.6% of the shares of the company are short sold. Based on an average daily trading volume, of 49,122 shares, the short-interest ratio is currently 1.8 days.
Invesco S&P 500 BuyWrite ETF Trading Up 0.0%
Shares of PBP stock opened at $23.31 on Wednesday. The firm’s fifty day simple moving average is $23.25 and its 200 day simple moving average is $22.83. Invesco S&P 500 BuyWrite ETF has a 1 year low of $21.46 and a 1 year high of $23.57. The firm has a market capitalization of $361.31 million, a P/E ratio of 25.96 and a beta of 0.49.
Institutional Investors Weigh In On Invesco S&P 500 BuyWrite ETF
Several institutional investors and hedge funds have recently bought and sold shares of PBP. Nwam LLC bought a new position in shares of Invesco S&P 500 BuyWrite ETF during the 2nd quarter worth about $88,000. Strategic Advisors LLC bought a new stake in Invesco S&P 500 BuyWrite ETF in the second quarter valued at about $68,000. Advocacy Wealth Management LLC bought a new stake in Invesco S&P 500 BuyWrite ETF in the second quarter valued at about $2,939,000. BTG Pactual Asset Management US LLC acquired a new position in Invesco S&P 500 BuyWrite ETF in the second quarter worth about $28,000. Finally, Oarsman Capital Inc. acquired a new position in Invesco S&P 500 BuyWrite ETF in the second quarter worth about $5,404,000.
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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