Short Interest in Invesco Emerging Markets Sovereign Debt ETF (NYSEARCA:PCY) Increases By 423.0%

Invesco Emerging Markets Sovereign Debt ETF (NYSEARCA:PCY) saw a significant growth in short interest in July. As of July 15th, there was short interest totaling 328,205 shares, a growth of 423.0% from the June 30th total of 62,752 shares. Based on an average daily trading volume, of 309,238 shares, the days-to-cover ratio is currently 1.1 days. Currently, 0.5% of the company’s shares are sold short.

Invesco Emerging Markets Sovereign Debt ETF Stock Up 0.6%

Invesco Emerging Markets Sovereign Debt ETF stock opened at $21.10 on Monday. The company has a 50 day moving average price of $21.47 and a 200 day moving average price of $21.50. Invesco Emerging Markets Sovereign Debt ETF has a 52 week low of $20.43 and a 52 week high of $22.18.

Hedge Funds Weigh In On Invesco Emerging Markets Sovereign Debt ETF

Several institutional investors and hedge funds have recently modified their holdings of the stock. Bank of America Corp DE grew its stake in Invesco Emerging Markets Sovereign Debt ETF by 4.5% in the first quarter. Bank of America Corp DE now owns 23,615,035 shares of the company’s stock valued at $493,554,000 after purchasing an additional 1,019,832 shares in the last quarter. Annex Advisory Services LLC increased its holdings in 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 worth $91,239,000 after buying an additional 211,608 shares during the last quarter. Invesco Ltd. raised its position in 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 valued at $56,294,000 after acquiring an additional 519,300 shares in the last quarter. Syon Capital LLC raised its position in 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 valued at $28,342,000 after acquiring an additional 11,744 shares in the last quarter. Finally, LPL Financial LLC lifted its stake in Invesco Emerging Markets Sovereign Debt ETF by 7.0% in the fourth quarter. LPL Financial LLC now owns 841,399 shares of the company’s stock valued at $18,225,000 after acquiring an additional 54,927 shares during the last quarter. 69.00% of the stock is currently owned by hedge funds and other institutional investors.

Invesco Emerging Markets Sovereign Debt ETF Company Profile

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.