Invesco Emerging Markets Sovereign Debt ETF (NYSEARCA:PCY) Stock Short Interest Declines 82.1%

Invesco Emerging Markets Sovereign Debt ETF (NYSEARCA:PCY) was the target of a large drop in short interest in the month of October. As of October 15th, there was short interest totaling 41,733 shares, a drop of 82.1% from the September 30th total of 233,234 shares. Based on an average trading volume of 325,787 shares, the short-interest ratio is presently 0.1 days. Approximately 0.1% of the company’s shares are short sold.

Invesco Emerging Markets Sovereign Debt ETF Price Performance

Shares of NYSEARCA PCY traded up $0.04 on Tuesday, hitting $20.21. The company had a trading volume of 31,083 shares, compared to its average volume of 416,897. Invesco Emerging Markets Sovereign Debt ETF has a 12-month low of $19.68 and a 12-month high of $22.18. The business has a 50 day moving average of $20.55 and a two-hundred day moving average of $21.24.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in PCY. Sapient Capital LLC acquired a new stake in Invesco Emerging Markets Sovereign Debt ETF during the 2nd quarter valued at $207,000. Axxcess Wealth Management LLC acquired a new position in Invesco Emerging Markets Sovereign Debt ETF in the 3rd quarter worth $207,000. First Citizens Bank & Trust Co. acquired a new position in Invesco Emerging Markets Sovereign Debt ETF in the 3rd quarter worth $209,000. B. Riley Wealth Advisors Inc. acquired a new position in Invesco Emerging Markets Sovereign Debt ETF in the 3rd quarter worth $210,000. Finally, Rockland Trust Co. purchased a new position in Invesco Emerging Markets Sovereign Debt ETF in the 3rd quarter valued at about $263,000. 69.00% of the stock is owned by institutional investors and hedge funds.

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.