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

Invesco International Corporate Bond ETF (NYSEARCA:PICB) was the target of a large decline in short interest during the month of August. As of August 14th, there was short interest totaling 26,302 shares, a decline of 40.2% from the July 30th total of 43,974 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average trading volume of 74,334 shares, the days-to-cover ratio is presently 0.4 days.

Hedge Funds Weigh In On Invesco International Corporate Bond ETF

A number of hedge funds have recently bought and sold shares of PICB. Kestra Advisory Services LLC bought a new position in shares of Invesco International Corporate Bond ETF during the fourth quarter worth approximately $43,000. SHP Wealth Management acquired a new stake in shares of Invesco International Corporate Bond ETF in the 4th quarter valued at $56,000. Raymond James Financial Inc. acquired a new stake in shares of Invesco International Corporate Bond ETF in the 2nd quarter valued at $155,000. Cetera Investment Advisers bought a new position in shares of Invesco International Corporate Bond ETF in the 2nd quarter valued at $206,000. Finally, Kingsview Wealth Management LLC grew its position in Invesco International Corporate Bond ETF by 4.8% in the fourth quarter. Kingsview Wealth Management LLC now owns 9,342 shares of the company’s stock valued at $223,000 after acquiring an additional 430 shares during the last quarter.

Invesco International Corporate Bond ETF Price Performance

Shares of PICB traded up $0.01 during trading hours on Monday, hitting $23.13. The company had a trading volume of 1,474 shares, compared to its average volume of 104,733. Invesco International Corporate Bond ETF has a 12 month low of $22.73 and a 12 month high of $24.56. The business has a fifty day moving average of $23.12 and a 200-day moving average of $23.41.

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.