Invesco Emerging Markets Sovereign Debt ETF (NYSEARCA:PCY) Sees Significant Decline in Short Interest

Invesco Emerging Markets Sovereign Debt ETF (NYSEARCA:PCY) was the recipient of a large decline in short interest in June. As of June 15th, there was short interest totaling 92,671 shares, a decline of 59.8% from the May 31st total of 230,394 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average daily volume of 314,490 shares, the short-interest ratio is currently 0.3 days.

Invesco Emerging Markets Sovereign Debt ETF Stock Up 0.3%

Shares of PCY stock traded up $0.07 during trading hours on Monday, reaching $21.74. The company had a trading volume of 814,975 shares, compared to its average volume of 463,700. Invesco Emerging Markets Sovereign Debt ETF has a 12 month low of $20.12 and a 12 month high of $22.18. The business has a fifty day simple moving average of $21.53 and a 200-day simple moving average of $21.55.

Hedge Funds Weigh In On Invesco Emerging Markets Sovereign Debt ETF

A number of hedge funds have recently bought and sold shares of PCY. Qube Research & Technologies Ltd purchased a new stake in shares of Invesco Emerging Markets Sovereign Debt ETF in the second quarter valued at about $52,000. PNC Financial Services Group Inc. lifted its position in shares of Invesco Emerging Markets Sovereign Debt ETF by 29.1% during the fourth quarter. PNC Financial Services Group Inc. now owns 5,219 shares of the company’s stock valued at $113,000 after purchasing an additional 1,177 shares in the last quarter. CoreCap Advisors LLC boosted its holdings in Invesco Emerging Markets Sovereign Debt ETF by 1,023.2% during the fourth quarter. CoreCap Advisors LLC now owns 7,447 shares of the company’s stock worth $161,000 after purchasing an additional 6,784 shares during the last quarter. Kestra Private Wealth Services LLC purchased a new position in Invesco Emerging Markets Sovereign Debt ETF during the third quarter worth about $201,000. Finally, Park Avenue Securities LLC bought a new stake in Invesco Emerging Markets Sovereign Debt ETF in the 4th quarter worth about $205,000. 69.00% of the stock is owned by hedge funds and other institutional investors.

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.