Invesco Emerging Markets Sovereign Debt ETF (NYSEARCA:PCY) Sees Unusually-High Trading Volume – Here’s What Happened

Invesco Emerging Markets Sovereign Debt ETF (NYSEARCA:PCY) shares saw unusually-strong trading volume on Tuesday . 2,081,743 shares were traded during trading, an increase of 404% from the previous session’s volume of 412,686 shares.The stock last traded at $21.04 and had previously closed at $21.06.

Invesco Emerging Markets Sovereign Debt ETF Stock Down 0.1%

The stock’s fifty day simple moving average is $21.39 and its 200-day simple moving average is $21.45.

Hedge Funds Weigh In On Invesco Emerging Markets Sovereign Debt ETF

Several institutional investors and hedge funds have recently modified their holdings of PCY. Royal Bank of Canada boosted its holdings in shares of Invesco Emerging Markets Sovereign Debt ETF by 2.2% during the first quarter. Royal Bank of Canada now owns 79,446 shares of the company’s stock worth $1,602,000 after purchasing an additional 1,739 shares during the last quarter. Jones Financial Companies Lllp lifted its position in Invesco Emerging Markets Sovereign Debt ETF by 139.9% during the first quarter. Jones Financial Companies Lllp now owns 28,539 shares of the company’s stock worth $591,000 after buying an additional 16,642 shares during the period. Jane Street Group LLC boosted its stake in Invesco Emerging Markets Sovereign Debt ETF by 15.9% in the 1st quarter. Jane Street Group LLC now owns 121,867 shares of the company’s stock worth $2,458,000 after buying an additional 16,745 shares during the last quarter. Qube Research & Technologies Ltd acquired a new stake in Invesco Emerging Markets Sovereign Debt ETF in the 2nd quarter worth about $52,000. Finally, Quantinno Capital Management LP grew its holdings in Invesco Emerging Markets Sovereign Debt ETF by 83.8% in the 2nd quarter. Quantinno Capital Management LP now owns 22,594 shares of the company’s stock valued at $462,000 after buying an additional 10,300 shares during the period. Hedge funds and other institutional investors own 69.00% of the company’s stock.

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.