Invesco Global ex-US High Yield Corporate Bond ETF (NYSEARCA:PGHY) Short Interest Down 16.1% in January

Invesco Global ex-US High Yield Corporate Bond ETF (NYSEARCA:PGHY) was the target of a significant drop in short interest during the month of January. As of January 30th, there was short interest totaling 62,073 shares, a drop of 16.1% from the January 15th total of 74,023 shares. Based on an average daily trading volume, of 88,789 shares, the short-interest ratio is currently 0.7 days. Approximately 0.6% of the company’s shares are sold short. Approximately 0.6% of the company’s shares are sold short. Based on an average daily trading volume, of 88,789 shares, the short-interest ratio is currently 0.7 days.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Inspire Advisors LLC increased its stake in Invesco Global ex-US High Yield Corporate Bond ETF by 4.5% in the fourth quarter. Inspire Advisors LLC now owns 259,407 shares of the company’s stock valued at $5,161,000 after purchasing an additional 11,161 shares in the last quarter. Wells Fargo & Company MN acquired a new stake in shares of Invesco Global ex-US High Yield Corporate Bond ETF in the 4th quarter valued at about $161,000. Hazlett Burt & Watson Inc. increased its position in Invesco Global ex-US High Yield Corporate Bond ETF by 30.7% in the 4th quarter. Hazlett Burt & Watson Inc. now owns 2,184 shares of the company’s stock valued at $44,000 after buying an additional 513 shares in the last quarter. Baker Avenue Asset Management LP raised its stake in Invesco Global ex-US High Yield Corporate Bond ETF by 8.4% during the 4th quarter. Baker Avenue Asset Management LP now owns 345,008 shares of the company’s stock worth $6,864,000 after buying an additional 26,799 shares during the period. Finally, Kingsview Wealth Management LLC raised its stake in Invesco Global ex-US High Yield Corporate Bond ETF by 9.4% during the 4th quarter. Kingsview Wealth Management LLC now owns 133,467 shares of the company’s stock worth $2,655,000 after buying an additional 11,507 shares during the period.

Invesco Global ex-US High Yield Corporate Bond ETF Price Performance

PGHY stock opened at $19.98 on Monday. Invesco Global ex-US High Yield Corporate Bond ETF has a 1-year low of $18.75 and a 1-year high of $20.40. The stock has a 50-day moving average price of $19.96 and a 200-day moving average price of $19.97.

Invesco Global ex-US High Yield Corporate Bond ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, January 23rd. Shareholders of record on Tuesday, January 20th were issued a dividend of $0.1181 per share. This represents a c) dividend on an annualized basis and a dividend yield of 7.1%. The ex-dividend date was Tuesday, January 20th.

Invesco Global ex-US High Yield Corporate Bond ETF Company Profile

The Invesco Global Short Term High Yield Bond ETF (PGHY) is an exchange-traded fund that mostly invests in high yield fixed income. The fund tracks an equal-weighted index of short-term USD-denominated, high-yield corporate bonds issues by US and foreign corporations. PGHY was launched on Jun 20, 2013 and is managed by Invesco.