Invesco International Corporate Bond ETF (NYSEARCA:PICB) Sees Significant Decline in Short Interest

Invesco International Corporate Bond ETF (NYSEARCA:PICB) was the target of a significant decline in short interest in the month of October. As of October 15th, there was short interest totaling 39,600 shares, a decline of 28.6% from the September 30th total of 55,500 shares. Based on an average daily volume of 74,600 shares, the short-interest ratio is currently 0.5 days. Approximately 0.4% of the shares of the company are sold short. Approximately 0.4% of the shares of the company are sold short. Based on an average daily volume of 74,600 shares, the short-interest ratio is currently 0.5 days.

Hedge Funds Weigh In On Invesco International Corporate Bond ETF

Hedge funds have recently made changes to their positions in the business. Millington Financial Advisors LLC boosted its stake in Invesco International Corporate Bond ETF by 9.7% during the third quarter. Millington Financial Advisors LLC now owns 31,491 shares of the company’s stock valued at $744,000 after buying an additional 2,781 shares during the last quarter. Grey Fox Wealth Advisors LLC bought a new position in Invesco International Corporate Bond ETF during the third quarter valued at approximately $240,000. Walkner Condon Financial Advisors LLC boosted its stake in Invesco International Corporate Bond ETF by 1.9% during the third quarter. Walkner Condon Financial Advisors LLC now owns 51,401 shares of the company’s stock valued at $1,225,000 after buying an additional 958 shares during the last quarter. Sequoia Financial Advisors LLC bought a new position in Invesco International Corporate Bond ETF during the third quarter valued at approximately $252,000. Finally, First United Bank & Trust boosted its stake in Invesco International Corporate Bond ETF by 133.9% during the third quarter. First United Bank & Trust now owns 4,795 shares of the company’s stock valued at $114,000 after buying an additional 2,745 shares during the last quarter.

Invesco International Corporate Bond ETF Stock Performance

NYSEARCA:PICB traded down $0.05 during mid-day trading on Monday, hitting $23.59. 82,096 shares of the company traded hands, compared to its average volume of 54,989. The stock’s fifty day moving average price is $23.80 and its 200-day moving average price is $23.67. Invesco International Corporate Bond ETF has a one year low of $20.99 and a one year high of $24.31.

Invesco International Corporate Bond ETF Company Profile

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.