Invesco Emerging Markets Sovereign Debt ETF (NYSEARCA:PCY) Stock Short Interest Falls 44.4%

Invesco Emerging Markets Sovereign Debt ETF (NYSEARCA:PCY) was the target of a significant decrease in short interest in September. As of September 15th, there was short interest totaling 97,272 shares, a decrease of 44.4% from the August 31st total of 174,797 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average daily volume of 234,933 shares, the days-to-cover ratio is currently 0.4 days.

Hedge Funds Weigh In On Invesco Emerging Markets Sovereign Debt ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in PCY. Bank of America Corp DE grew its stake in shares of Invesco Emerging Markets Sovereign Debt ETF by 4.5% in the first quarter. Bank of America Corp DE now owns 23,615,035 shares of the company’s stock worth $493,554,000 after acquiring an additional 1,019,832 shares in the last quarter. Annex Advisory Services LLC raised its stake in shares of Invesco Emerging Markets Sovereign Debt ETF by 5.3% in the second quarter. Annex Advisory Services LLC now owns 4,214,276 shares of the company’s stock valued at $91,239,000 after acquiring an additional 211,608 shares in the last quarter. Syon Capital LLC raised its stake in shares of Invesco Emerging Markets Sovereign Debt ETF by 0.9% in the fourth quarter. Syon Capital LLC now owns 1,308,476 shares of the company’s stock valued at $28,342,000 after acquiring an additional 11,744 shares in the last quarter. Advisors Preferred LLC boosted its holdings in Invesco Emerging Markets Sovereign Debt ETF by 314.5% in the first quarter. Advisors Preferred LLC now owns 511,065 shares of the company’s stock valued at $10,681,000 after purchasing an additional 387,756 shares during the period. Finally, Cetera Investment Advisers grew its stake in Invesco Emerging Markets Sovereign Debt ETF by 744.6% during the 1st quarter. Cetera Investment Advisers now owns 394,670 shares of the company’s stock worth $8,249,000 after purchasing an additional 347,944 shares in the last quarter. Hedge funds and other institutional investors own 69.00% of the company’s stock.

Invesco Emerging Markets Sovereign Debt ETF Trading Down 0.8%

Shares of PCY stock traded down $0.17 during trading on Wednesday, reaching $19.88. The company’s stock had a trading volume of 246,974 shares, compared to its average volume of 429,688. The stock’s 50-day moving average price is $20.93 and its 200 day moving average price is $21.24. Invesco Emerging Markets Sovereign Debt ETF has a 1-year low of $19.88 and a 1-year high of $22.18.

Invesco Emerging Markets Sovereign Debt ETF Company Profile

The Invesco Emerging Markets Sovereign Debt ETF (PCY) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund tracks a tier-weighted index of US-dollar-denominated sovereign debt in emerging markets with at least 3 years to maturity. PCY was launched on Oct 11, 2007 and is managed by Invesco.