Invesco Global ex-US High Yield Corporate Bond ETF (NYSEARCA:PGHY) Sees Large Growth in Short Interest

Invesco Global ex-US High Yield Corporate Bond ETF (NYSEARCA:PGHY) was the recipient of a large growth in short interest during the month of February. As of February 27th, there was short interest totaling 70,969 shares, a growth of 230.1% from the February 12th total of 21,496 shares. Currently, 0.7% of the shares of the company are sold short. Based on an average daily trading volume, of 62,179 shares, the days-to-cover ratio is currently 1.1 days. Based on an average daily trading volume, of 62,179 shares, the days-to-cover ratio is currently 1.1 days. Currently, 0.7% of the shares of the company are sold short.

Institutional Trading of Invesco Global ex-US High Yield Corporate Bond ETF

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Focus Partners Wealth acquired a new position in shares of Invesco Global ex-US High Yield Corporate Bond ETF during the first quarter valued at about $258,000. Kingsview Wealth Management LLC lifted its position in Invesco Global ex-US High Yield Corporate Bond ETF by 4.5% in the second quarter. Kingsview Wealth Management LLC now owns 118,851 shares of the company’s stock worth $2,362,000 after purchasing an additional 5,171 shares during the period. Inspire Advisors LLC acquired a new stake in Invesco Global ex-US High Yield Corporate Bond ETF during the second quarter worth $4,273,000. JPMorgan Chase & Co. increased its holdings in Invesco Global ex-US High Yield Corporate Bond ETF by 421.2% in the 2nd quarter. JPMorgan Chase & Co. now owns 4,618 shares of the company’s stock valued at $92,000 after buying an additional 3,732 shares during the period. Finally, Guggenheim Capital LLC increased its holdings in Invesco Global ex-US High Yield Corporate Bond ETF by 6.4% in the 2nd quarter. Guggenheim Capital LLC now owns 59,001 shares of the company’s stock valued at $1,172,000 after buying an additional 3,532 shares during the period.

Invesco Global ex-US High Yield Corporate Bond ETF Stock Down 0.2%

Shares of PGHY stock traded down $0.04 during trading hours on Wednesday, reaching $19.76. 73,375 shares of the company’s stock were exchanged, compared to its average volume of 97,861. Invesco Global ex-US High Yield Corporate Bond ETF has a fifty-two week low of $18.75 and a fifty-two week high of $20.40. The business has a fifty day moving average price of $19.95 and a 200-day moving average price of $19.97.

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

The business also recently announced a monthly dividend, which was paid on Friday, February 27th. Investors of record on Monday, February 23rd were given a dividend of $0.1098 per share. The ex-dividend date of this dividend was Monday, February 23rd. This represents a c) dividend on an annualized basis and a yield of 6.7%.

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.