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) saw a significant growth in short interest in the month of July. As of July 31st, there was short interest totaling 14,817 shares, a growth of 614.4% from the July 15th total of 2,074 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily volume of 47,225 shares, the days-to-cover ratio is currently 0.3 days.

Hedge Funds Weigh In On Invesco Global ex-US High Yield Corporate Bond ETF

Several institutional investors and hedge funds have recently made changes to their positions in PGHY. Whitcomb & Hess Inc. lifted its holdings in Invesco Global ex-US High Yield Corporate Bond ETF by 3.0% during the 2nd quarter. Whitcomb & Hess Inc. now owns 737,661 shares of the company’s stock worth $14,532,000 after purchasing an additional 21,797 shares during the last quarter. Bank of America Corp DE increased its position in Invesco Global ex-US High Yield Corporate Bond ETF by 4.1% during the 1st quarter. Bank of America Corp DE now owns 256,140 shares of the company’s stock worth $4,972,000 after buying an additional 10,155 shares during the period. Cetera Investment Advisers lifted its holdings in shares of Invesco Global ex-US High Yield Corporate Bond ETF by 5.4% during the first quarter. Cetera Investment Advisers now owns 52,799 shares of the company’s stock worth $1,025,000 after buying an additional 2,723 shares in the last quarter. Kestra Advisory Services LLC lifted its holdings in shares of Invesco Global ex-US High Yield Corporate Bond ETF by 15.0% during the first quarter. Kestra Advisory Services LLC now owns 11,298 shares of the company’s stock worth $219,000 after buying an additional 1,470 shares in the last quarter. Finally, Sound Income Strategies LLC boosted its position in shares of Invesco Global ex-US High Yield Corporate Bond ETF by 4.6% in the first quarter. Sound Income Strategies LLC now owns 738,623 shares of the company’s stock valued at $14,440,000 after acquiring an additional 32,436 shares during the period.

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

Shares of PGHY stock remained flat at $19.71 during midday trading on Wednesday. 11,958 shares of the company traded hands, compared to its average volume of 68,370. Invesco Global ex-US High Yield Corporate Bond ETF has a 1-year low of $19.26 and a 1-year high of $20.40. The firm has a 50 day moving average price of $19.74 and a 200 day moving average price of $19.78.

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.