Invesco International Corporate Bond ETF (NYSEARCA:PICB) Sees Large Increase in Short Interest

Invesco International Corporate Bond ETF (NYSEARCA:PICB) was the recipient of a significant growth in short interest in February. As of February 27th, there was short interest totaling 133,749 shares, a growth of 75.3% from the February 12th total of 76,283 shares. Approximately 1.2% of the shares of the company are sold short. Based on an average daily volume of 194,454 shares, the short-interest ratio is currently 0.7 days. Based on an average daily volume of 194,454 shares, the short-interest ratio is currently 0.7 days. Approximately 1.2% of the shares of the company are sold short.

Invesco International Corporate Bond ETF Stock Performance

Shares of NYSEARCA:PICB opened at $23.08 on Friday. Invesco International Corporate Bond ETF has a 52 week low of $22.08 and a 52 week high of $24.56. The company has a 50-day moving average price of $24.02 and a 200 day moving average price of $23.85.

Invesco International Corporate Bond ETF Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Friday, February 27th. Stockholders of record on Monday, February 23rd were issued a $0.0625 dividend. This represents a c) annualized dividend and a dividend yield of 3.2%. The ex-dividend date of this dividend was Monday, February 23rd.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of PICB. Kingsview Wealth Management LLC lifted its holdings in Invesco International Corporate Bond ETF by 4.8% in the fourth quarter. Kingsview Wealth Management LLC now owns 9,342 shares of the company’s stock valued at $223,000 after acquiring an additional 430 shares during the period. Walkner Condon Financial Advisors LLC boosted its position in shares of Invesco International Corporate Bond ETF by 1.0% during the 4th quarter. Walkner Condon Financial Advisors LLC now owns 51,891 shares of the company’s stock worth $1,239,000 after purchasing an additional 490 shares in the last quarter. Insight Wealth Strategies LLC grew its stake in shares of Invesco International Corporate Bond ETF by 6.3% during the 4th quarter. Insight Wealth Strategies LLC now owns 15,249 shares of the company’s stock worth $364,000 after purchasing an additional 908 shares during the period. Ausdal Financial Partners Inc. grew its stake in shares of Invesco International Corporate Bond ETF by 7.8% during the 4th quarter. Ausdal Financial Partners Inc. now owns 13,746 shares of the company’s stock worth $328,000 after purchasing an additional 995 shares during the period. Finally, Pacifica Partners Inc. grew its stake in shares of Invesco International Corporate Bond ETF by 8.2% during the 3rd quarter. Pacifica Partners Inc. now owns 15,790 shares of the company’s stock worth $376,000 after purchasing an additional 1,190 shares during the period.

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. 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.