Invesco Emerging Markets Sovereign Debt ETF (NYSEARCA:PCY) Sees Significant Decline in Short Interest

Invesco Emerging Markets Sovereign Debt ETF (NYSEARCA:PCY) was the recipient of a significant drop in short interest in the month of January. As of January 15th, there was short interest totaling 45,578 shares, a drop of 51.2% from the December 31st total of 93,357 shares. Based on an average daily volume of 518,533 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.1% of the shares of the company are short sold. Approximately 0.1% of the shares of the company are short sold. Based on an average daily volume of 518,533 shares, the days-to-cover ratio is currently 0.1 days.

Invesco Emerging Markets Sovereign Debt ETF Price Performance

Shares of PCY opened at $21.58 on Thursday. Invesco Emerging Markets Sovereign Debt ETF has a 1 year low of $18.71 and a 1 year high of $22.07. The company’s fifty day moving average is $21.71 and its two-hundred day moving average is $21.42.

Invesco Emerging Markets Sovereign Debt ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Friday, January 23rd. Stockholders of record on Tuesday, January 20th were paid a dividend of $0.1084 per share. This represents a c) dividend on an annualized basis and a dividend yield of 6.0%. This is a positive change from Invesco Emerging Markets Sovereign Debt ETF’s previous monthly dividend of $0.11. The ex-dividend date was Tuesday, January 20th.

Hedge Funds Weigh In On Invesco Emerging Markets Sovereign Debt ETF

A number of large investors have recently made changes to their positions in PCY. Realta Investment Advisors boosted its holdings in Invesco Emerging Markets Sovereign Debt ETF by 104.9% during the third quarter. Realta Investment Advisors now owns 1,164 shares of the company’s stock worth $25,000 after buying an additional 596 shares in the last quarter. CWM LLC grew its holdings in shares of Invesco Emerging Markets Sovereign Debt ETF by 528.3% in the 2nd quarter. CWM LLC now owns 1,596 shares of the company’s stock worth $33,000 after acquiring an additional 1,342 shares during the period. Qube Research & Technologies Ltd purchased a new position in Invesco Emerging Markets Sovereign Debt ETF in the 2nd quarter valued at approximately $52,000. Sound Income Strategies LLC raised its holdings in Invesco Emerging Markets Sovereign Debt ETF by 60.0% during the third quarter. Sound Income Strategies LLC now owns 6,672 shares of the company’s stock worth $144,000 after purchasing an additional 2,501 shares during the last quarter. Finally, CoreCap Advisors LLC raised its holdings in Invesco Emerging Markets Sovereign Debt ETF by 1,023.2% during the fourth quarter. CoreCap Advisors LLC now owns 7,447 shares of the company’s stock worth $161,000 after purchasing an additional 6,784 shares during the last quarter. Hedge funds and other institutional investors own 69.00% of the company’s stock.

About Invesco Emerging Markets Sovereign Debt ETF

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.