Short Interest in Invesco Emerging Markets Sovereign Debt ETF (NYSEARCA:PCY) Drops By 53.6%

Invesco Emerging Markets Sovereign Debt ETF (NYSEARCA:PCY) was the recipient of a significant drop in short interest in February. As of February 27th, there was short interest totaling 260,481 shares, a drop of 53.6% from the February 12th total of 560,877 shares. Approximately 0.4% of the shares of the stock are short sold. Based on an average daily volume of 1,028,661 shares, the short-interest ratio is presently 0.3 days. Based on an average daily volume of 1,028,661 shares, the short-interest ratio is presently 0.3 days. Approximately 0.4% of the shares of the stock are short sold.

Invesco Emerging Markets Sovereign Debt ETF Stock Down 0.8%

Shares of PCY traded down $0.16 during mid-day trading on Friday, hitting $21.09. 901,838 shares of the stock were exchanged, compared to its average volume of 610,221. Invesco Emerging Markets Sovereign Debt ETF has a 52-week low of $18.71 and a 52-week high of $22.18. The firm has a 50-day moving average of $21.70 and a two-hundred day moving average of $21.66.

Invesco Emerging Markets Sovereign Debt ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, February 27th. Investors of record on Monday, February 23rd were given a $0.1043 dividend. This represents a c) annualized dividend and a yield of 5.9%. The ex-dividend date was Monday, February 23rd.

Institutional Investors Weigh In On Invesco Emerging Markets Sovereign Debt ETF

A number of hedge funds have recently bought and sold shares of the business. Royal Bank of Canada increased its holdings in shares of Invesco Emerging Markets Sovereign Debt ETF by 2.2% in the 1st quarter. Royal Bank of Canada now owns 79,446 shares of the company’s stock worth $1,602,000 after buying an additional 1,739 shares during the last quarter. Jones Financial Companies Lllp lifted its holdings in shares of Invesco Emerging Markets Sovereign Debt ETF by 139.9% in the 1st quarter. Jones Financial Companies Lllp now owns 28,539 shares of the company’s stock valued at $591,000 after acquiring an additional 16,642 shares during the last quarter. Jane Street Group LLC grew its position in Invesco Emerging Markets Sovereign Debt ETF by 15.9% in the first quarter. Jane Street Group LLC now owns 121,867 shares of the company’s stock worth $2,458,000 after acquiring an additional 16,745 shares in the last quarter. Rockefeller Capital Management L.P. grew its position in Invesco Emerging Markets Sovereign Debt ETF by 84.9% in the second quarter. Rockefeller Capital Management L.P. now owns 37,235 shares of the company’s stock worth $761,000 after acquiring an additional 17,102 shares in the last quarter. Finally, Fortress Financial Solutions LLC increased its stake in Invesco Emerging Markets Sovereign Debt ETF by 3.4% during the second quarter. Fortress Financial Solutions LLC now owns 23,162 shares of the company’s stock worth $473,000 after acquiring an additional 767 shares during the last quarter. Hedge funds and other institutional investors own 69.00% of the company’s stock.

About Invesco Emerging Markets Sovereign Debt ETF

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.