Invesco International Corporate Bond ETF (NYSEARCA:PICB) Short Interest Update

Invesco International Corporate Bond ETF (NYSEARCA:PICB) saw a large increase in short interest in the month of May. As of May 29th, there was short interest totaling 104,453 shares, an increase of 778.8% from the May 14th total of 11,886 shares. Currently, 0.7% of the company’s shares are short sold. Based on an average daily volume of 79,595 shares, the days-to-cover ratio is presently 1.3 days.

Institutional Investors Weigh In On Invesco International Corporate Bond ETF

Hedge funds have recently modified their holdings of the stock. Climber Capital SA purchased a new stake in shares of Invesco International Corporate Bond ETF during the 4th quarter valued at about $1,365,000. Dunhill Financial LLC purchased a new stake in shares of Invesco International Corporate Bond ETF during the 3rd quarter valued at about $763,000. Thrivent Financial for Lutherans purchased a new stake in shares of Invesco International Corporate Bond ETF during the 3rd quarter valued at about $1,414,000. Fortis Group Advisors LLC purchased a new stake in shares of Invesco International Corporate Bond ETF during the 3rd quarter valued at about $795,000. Finally, Tanager Wealth Management LLP raised its holdings in shares of Invesco International Corporate Bond ETF by 99.5% during the 4th quarter. Tanager Wealth Management LLP now owns 2,867,312 shares of the company’s stock valued at $68,470,000 after buying an additional 1,429,753 shares during the period.

Invesco International Corporate Bond ETF Stock Performance

Shares of Invesco International Corporate Bond ETF stock traded up $0.23 during trading hours on Thursday, reaching $23.46. The stock had a trading volume of 114,159 shares, compared to its average volume of 111,810. The firm has a 50 day simple moving average of $23.47 and a two-hundred day simple moving average of $23.70. Invesco International Corporate Bond ETF has a 1 year low of $22.75 and a 1 year high of $24.56.

About Invesco International Corporate Bond ETF

PowerShares International Corporate Bond Portfolio (the Fund) seeks investment results that correspond generally to the price and yield performance of an index called the S&P International Corporate Bond Index (the Index). The Fund will normally invest at least 80% of its total assets in the securities that comprise the Index. The Index measures the performance of investment grade corporate bonds issued by non-the United States issuers in the currencies: Australian Dollar, British Pound, Canadian Dollar, Euro, Japanese Yen, Swiss Franc, Danish Krone, New Zealand Dollar, Norwegian Krone and Swedish Krona.