Invesco Emerging Markets Sovereign Debt ETF (NYSEARCA:PCY) Short Interest Up 832.9% in August

Invesco Emerging Markets Sovereign Debt ETF (NYSEARCA:PCY) saw a significant increase in short interest during the month of August. As of August 31st, there was short interest totaling 174,797 shares, an increase of 832.9% from the August 15th total of 18,736 shares. Approximately 0.3% of the shares of the stock are short sold. Based on an average daily volume of 720,148 shares, the short-interest ratio is presently 0.2 days.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Qube Research & Technologies Ltd bought a new stake in Invesco Emerging Markets Sovereign Debt ETF in the 2nd quarter worth $52,000. PNC Financial Services Group Inc. raised its holdings in Invesco Emerging Markets Sovereign Debt ETF by 29.1% in the 4th quarter. PNC Financial Services Group Inc. now owns 5,219 shares of the company’s stock worth $113,000 after purchasing an additional 1,177 shares in the last quarter. Kestra Private Wealth Services LLC purchased a new stake in shares of Invesco Emerging Markets Sovereign Debt ETF in the 3rd quarter worth about $201,000. Sapient Capital LLC bought a new stake in shares of Invesco Emerging Markets Sovereign Debt ETF during the 2nd quarter valued at about $207,000. Finally, Laurel Oak Wealth Management LLC bought a new stake in shares of Invesco Emerging Markets Sovereign Debt ETF during the fourth quarter valued at approximately $218,000. 69.00% of the stock is owned by hedge funds and other institutional investors.

Invesco Emerging Markets Sovereign Debt ETF Trading Up 0.0%

Invesco Emerging Markets Sovereign Debt ETF stock traded up $0.01 during mid-day trading on Friday, hitting $20.77. 72,041 shares of the company traded hands, compared to its average volume of 427,286. Invesco Emerging Markets Sovereign Debt ETF has a one year low of $20.46 and a one year high of $22.18. The stock has a fifty day moving average price of $21.15 and a 200-day moving average price of $21.35.

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.