Invesco Global ex-US High Yield Corporate Bond ETF (NYSEARCA:PGHY) Sees Significant Decline in Short Interest

Invesco Global ex-US High Yield Corporate Bond ETF (NYSEARCA:PGHY) was the target of a large drop in short interest during the month of March. As of March 13th, there was short interest totaling 16,878 shares, a drop of 76.2% from the February 26th total of 70,969 shares. Approximately 0.2% of the company’s shares are short sold. Based on an average trading volume of 74,267 shares, the short-interest ratio is currently 0.2 days.

Institutional Investors Weigh In On Invesco Global ex-US High Yield Corporate Bond ETF

Institutional investors and hedge funds have recently bought and sold shares of the business. Farther Finance Advisors LLC bought a new position in shares of Invesco Global ex-US High Yield Corporate Bond ETF during the third quarter valued at approximately $27,000. Hazlett Burt & Watson Inc. grew its holdings in Invesco Global ex-US High Yield Corporate Bond ETF by 30.7% in the fourth quarter. Hazlett Burt & Watson Inc. now owns 2,184 shares of the company’s stock worth $44,000 after purchasing an additional 513 shares during the period. JPMorgan Chase & Co. increased its position in Invesco Global ex-US High Yield Corporate Bond ETF by 421.2% during the 2nd quarter. JPMorgan Chase & Co. now owns 4,618 shares of the company’s stock valued at $92,000 after buying an additional 3,732 shares in the last quarter. Wells Fargo & Company MN bought a new position in shares of Invesco Global ex-US High Yield Corporate Bond ETF during the fourth quarter valued at $161,000. Finally, Endowment Wealth Management Inc. increased its stake in Invesco Global ex-US High Yield Corporate Bond ETF by 17.5% during the 4th quarter. Endowment Wealth Management Inc. now owns 12,723 shares of the company’s stock valued at $253,000 after purchasing an additional 1,898 shares in the last quarter.

Invesco Global ex-US High Yield Corporate Bond ETF Price Performance

Shares of PGHY stock traded down $0.12 during mid-day trading on Thursday, reaching $19.40. The stock had a trading volume of 74,512 shares, compared to its average volume of 90,904. The stock’s 50-day moving average price is $19.86 and its two-hundred day moving average price is $19.93. Invesco Global ex-US High Yield Corporate Bond ETF has a 52-week low of $18.75 and a 52-week high of $20.40.

Invesco Global ex-US High Yield Corporate Bond 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 issued a dividend of $0.1098 per share. This represents a c) dividend on an annualized basis and a yield of 6.8%. The ex-dividend date was Monday, February 23rd.

About Invesco Global ex-US High Yield Corporate Bond ETF

The Invesco Global Short Term High Yield Bond ETF (PGHY) is an exchange-traded fund that mostly invests in high yield fixed income. The fund tracks an equal-weighted index of short-term USD-denominated, high-yield corporate bonds issues by US and foreign corporations. PGHY was launched on Jun 20, 2013 and is managed by Invesco.