Invesco International Corporate Bond ETF (NYSEARCA:PICB) Sees Large Increase in Short Interest

Invesco International Corporate Bond ETF (NYSEARCA:PICB) was the target of a significant increase in short interest in July. As of July 31st, there was short interest totaling 43,974 shares, an increase of 141.8% from the July 15th total of 18,187 shares. Based on an average daily trading volume, of 98,993 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.3% of the shares of the company are sold short.

Institutional Trading of Invesco International Corporate Bond ETF

Institutional investors and hedge funds have recently modified their holdings of the company. Tanager Wealth Management LLP lifted its position in Invesco International Corporate Bond ETF by 28.2% in the first quarter. Tanager Wealth Management LLP now owns 3,676,200 shares of the company’s stock worth $84,920,000 after purchasing an additional 808,888 shares during the period. Urban Financial Advisory Corp raised its stake in shares of Invesco International Corporate Bond ETF by 0.4% in the 4th quarter. Urban Financial Advisory Corp now owns 908,572 shares of the company’s stock valued at $21,696,000 after buying an additional 3,241 shares in the last quarter. Checchi Capital Advisers LLC raised its stake in shares of Invesco International Corporate Bond ETF by 2.1% in the 4th quarter. Checchi Capital Advisers LLC now owns 879,424 shares of the company’s stock valued at $21,000,000 after buying an additional 18,507 shares in the last quarter. Thrivent Financial for Lutherans lifted its holdings in shares of Invesco International Corporate Bond ETF by 687.4% during the 4th quarter. Thrivent Financial for Lutherans now owns 467,328 shares of the company’s stock worth $11,176,000 after acquiring an additional 407,974 shares during the period. Finally, Wells Fargo & Company MN lifted its holdings in shares of Invesco International Corporate Bond ETF by 35.4% during the 4th quarter. Wells Fargo & Company MN now owns 416,917 shares of the company’s stock worth $9,956,000 after acquiring an additional 108,894 shares during the period.

Invesco International Corporate Bond ETF Trading Up 0.1%

PICB traded up $0.03 on Friday, hitting $23.24. 61,082 shares of the stock traded hands, compared to its average volume of 107,865. The business has a fifty day moving average price of $23.13 and a two-hundred day moving average price of $23.49. Invesco International Corporate Bond ETF has a 52 week low of $22.73 and a 52 week high of $24.56.

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.