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

Invesco International Corporate Bond ETF (NYSEARCA:PICB) saw a large decrease in short interest in August. As of August 14th, there was short interest totaling 26,302 shares, a decrease of 40.2% from the July 30th total of 43,974 shares. Currently, 0.2% of the shares of the company are short sold. Based on an average trading volume of 74,334 shares, the days-to-cover ratio is presently 0.4 days.

Invesco International Corporate Bond ETF Price Performance

NYSEARCA:PICB traded down $0.16 during trading hours on Tuesday, hitting $22.99. 72,969 shares of the stock traded hands, compared to its average volume of 104,741. Invesco International Corporate Bond ETF has a 1 year low of $22.73 and a 1 year high of $24.56. The stock has a 50 day moving average price of $23.12 and a 200 day moving average price of $23.40.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of PICB. Tanager Wealth Management LLP increased its stake in Invesco International Corporate Bond ETF by 22.4% in the 2nd quarter. Tanager Wealth Management LLP now owns 4,499,641 shares of the company’s stock worth $104,212,000 after buying an additional 823,441 shares in the last quarter. Urban Financial Advisory Corp lifted its position in shares of Invesco International Corporate Bond ETF by 0.4% in the fourth quarter. Urban Financial Advisory Corp now owns 908,572 shares of the company’s stock valued at $21,696,000 after acquiring an additional 3,241 shares in the last quarter. Thrivent Financial for Lutherans boosted its stake in shares of Invesco International Corporate Bond ETF by 687.4% in the fourth quarter. Thrivent Financial for Lutherans now owns 467,328 shares of the company’s stock worth $11,176,000 after acquiring an additional 407,974 shares during the period. Wells Fargo & Company MN boosted its stake in shares of Invesco International Corporate Bond ETF by 35.4% in the fourth quarter. Wells Fargo & Company MN now owns 416,917 shares of the company’s stock worth $9,956,000 after acquiring an additional 108,894 shares during the period. Finally, Walkner Condon Financial Advisors LLC grew its position in shares of Invesco International Corporate Bond ETF by 360.4% during the first quarter. Walkner Condon Financial Advisors LLC now owns 238,901 shares of the company’s stock worth $5,518,000 after purchasing an additional 187,010 shares in the last quarter.

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.