Invesco International Corporate Bond ETF (NYSEARCA:PICB) Short Interest Update

Invesco International Corporate Bond ETF (NYSEARCA:PICB) saw a large increase in short interest during the month of January. As of January 15th, there was short interest totaling 80,860 shares, an increase of 143.0% from the December 31st total of 33,275 shares. Currently, 0.7% of the company’s shares are short sold. Based on an average trading volume of 90,308 shares, the days-to-cover ratio is currently 0.9 days. Based on an average trading volume of 90,308 shares, the days-to-cover ratio is currently 0.9 days. Currently, 0.7% of the company’s shares are short sold.

Invesco International Corporate Bond ETF Price Performance

NYSEARCA PICB traded down $0.20 during trading hours on Friday, reaching $24.25. 154,477 shares of the company’s stock were exchanged, compared to its average volume of 96,449. The company’s 50-day moving average is $23.86 and its two-hundred day moving average is $23.78. Invesco International Corporate Bond ETF has a one year low of $21.54 and a one year high of $24.56.

Invesco International Corporate Bond ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Friday, January 23rd. Investors of record on Tuesday, January 20th were paid a $0.0625 dividend. The ex-dividend date of this dividend was Tuesday, January 20th. This represents a c) annualized dividend and a dividend yield of 3.1%.

Hedge Funds Weigh In On Invesco International Corporate Bond ETF

Institutional investors have recently bought and sold shares of the business. Kingsview Wealth Management LLC acquired a new position in Invesco International Corporate Bond ETF during the 2nd quarter worth approximately $208,000. Addison Advisors LLC acquired a new stake in Invesco International Corporate Bond ETF in the second quarter valued at approximately $203,000. 1 North Wealth Services LLC acquired a new stake in Invesco International Corporate Bond ETF in the second quarter valued at approximately $2,560,000. First United Bank & Trust bought a new stake in shares of Invesco International Corporate Bond ETF during the second quarter valued at approximately $50,000. Finally, Millington Financial Advisors LLC raised its position in shares of Invesco International Corporate Bond ETF by 21.1% during the second quarter. Millington Financial Advisors LLC now owns 28,710 shares of the company’s stock worth $688,000 after purchasing an additional 5,010 shares during the period.

Invesco International Corporate Bond ETF Company Profile

PowerShares International Corporate Bond Portfolio (the Fund) seeks investment results that correspond generally to the price and yield performance of an index called the S&P International Corporate Bond Index (the Index). The Fund will normally invest at least 80% of its total assets in the securities that comprise the Index. The Index measures the performance of investment grade corporate bonds issued by non-the United States issuers in the currencies: Australian Dollar, British Pound, Canadian Dollar, Euro, Japanese Yen, Swiss Franc, Danish Krone, New Zealand Dollar, Norwegian Krone and Swedish Krona.