Invesco Emerging Markets Sovereign Debt ETF (NYSEARCA:PCY – Get Free Report) saw a large growth in short interest during the month of August. As of August 31st, there was short interest totaling 174,797 shares, a growth of 832.9% from the August 15th total of 18,736 shares. Based on an average daily volume of 720,148 shares, the short-interest ratio is currently 0.2 days. Currently, 0.3% of the shares of the company are short sold.
Invesco Emerging Markets Sovereign Debt ETF Price Performance
Shares of NYSEARCA:PCY traded down $0.04 on Friday, reaching $20.72. The company’s stock had a trading volume of 173,663 shares, compared to its average volume of 427,943. The stock’s 50-day moving average is $21.13 and its two-hundred day moving average is $21.35. Invesco Emerging Markets Sovereign Debt ETF has a 52-week low of $20.46 and a 52-week high of $22.18.
Hedge Funds Weigh In On Invesco Emerging Markets Sovereign Debt ETF
Institutional investors have recently added to or reduced their stakes in the stock. Bank of America Corp DE lifted its position in Invesco Emerging Markets Sovereign Debt ETF by 4.5% during the 1st quarter. Bank of America Corp DE now owns 23,615,035 shares of the company’s stock worth $493,554,000 after acquiring an additional 1,019,832 shares during the period. Annex Advisory Services LLC increased its holdings in shares of Invesco Emerging Markets Sovereign Debt ETF by 5.3% in the second quarter. Annex Advisory Services LLC now owns 4,214,276 shares of the company’s stock valued at $91,239,000 after purchasing an additional 211,608 shares during the period. Invesco Ltd. raised its stake in shares of Invesco Emerging Markets Sovereign Debt ETF by 25.0% during the fourth quarter. Invesco Ltd. now owns 2,599,005 shares of the company’s stock worth $56,294,000 after purchasing an additional 519,300 shares during the last quarter. Syon Capital LLC raised its stake in shares of Invesco Emerging Markets Sovereign Debt ETF by 0.9% during the fourth quarter. Syon Capital LLC now owns 1,308,476 shares of the company’s stock worth $28,342,000 after purchasing an additional 11,744 shares during the last quarter. Finally, LPL Financial LLC lifted its holdings in shares of Invesco Emerging Markets Sovereign Debt ETF by 7.0% during the fourth quarter. LPL Financial LLC now owns 841,399 shares of the company’s stock worth $18,225,000 after purchasing an additional 54,927 shares during the period. Institutional investors and hedge funds own 69.00% of the company’s stock.
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.
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