Invesco International Corporate Bond ETF (NYSEARCA:PICB) Short Interest Update

Invesco International Corporate Bond ETF (NYSEARCA:PICB) was the recipient of a large increase in short interest during the month of June. As of June 30th, there was short interest totaling 66,072 shares, an increase of 1,735.8% from the June 15th total of 3,599 shares. Based on an average daily trading volume, of 134,786 shares, the short-interest ratio is currently 0.5 days. Approximately 0.4% of the company’s shares are short sold.

Institutional Investors Weigh In On Invesco International Corporate Bond ETF

Several hedge funds have recently modified their holdings of the stock. Kestra Advisory Services LLC acquired a new stake in shares of Invesco International Corporate Bond ETF in the fourth quarter worth $43,000. SHP Wealth Management acquired a new position in shares of Invesco International Corporate Bond ETF during the 4th quarter valued at $56,000. Cape Investment Advisory Inc. boosted its position in Invesco International Corporate Bond ETF by 224.9% during the 3rd quarter. Cape Investment Advisory Inc. now owns 4,100 shares of the company’s stock worth $98,000 after purchasing an additional 2,838 shares during the period. Raymond James Financial Inc. purchased a new stake in Invesco International Corporate Bond ETF during the 2nd quarter worth $155,000. Finally, Fifth Third Securities Inc. acquired a new stake in Invesco International Corporate Bond ETF in the 4th quarter valued at $201,000.

Invesco International Corporate Bond ETF Price Performance

PICB remained flat at $23.11 during midday trading on Friday. The company’s stock had a trading volume of 68,125 shares, compared to its average volume of 112,424. The firm has a 50-day simple moving average of $23.33 and a 200-day simple moving average of $23.62. Invesco International Corporate Bond ETF has a 52 week low of $22.75 and a 52 week high of $24.56.

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.