Invesco International Corporate Bond ETF (NYSEARCA:PICB) Short Interest Down 72.5% in July

Invesco International Corporate Bond ETF (NYSEARCA:PICB) saw a large decline in short interest during the month of July. As of July 15th, there was short interest totaling 18,187 shares, a decline of 72.5% from the June 30th total of 66,072 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average trading volume of 84,974 shares, the short-interest ratio is currently 0.2 days.

Invesco International Corporate Bond ETF Price Performance

Shares of PICB stock traded up $0.06 during mid-day trading on Monday, hitting $22.86. 158,779 shares of the company’s stock were exchanged, compared to its average volume of 109,549. Invesco International Corporate Bond ETF has a fifty-two week low of $22.73 and a fifty-two week high of $24.56. The stock has a 50-day simple moving average of $23.21 and a two-hundred day simple moving average of $23.55.

Hedge Funds Weigh In On Invesco International Corporate Bond ETF

Several large investors have recently added to or reduced their stakes in the business. Kestra Advisory Services LLC purchased a new stake in shares of Invesco International Corporate Bond ETF during the 4th quarter valued at $43,000. SHP Wealth Management purchased a new position in shares of Invesco International Corporate Bond ETF in the 4th quarter worth $56,000. Raymond James Financial Inc. acquired a new position in Invesco International Corporate Bond ETF in the second quarter valued at $155,000. Fifth Third Securities Inc. acquired a new position in Invesco International Corporate Bond ETF in the fourth quarter valued at $201,000. Finally, Cetera Investment Advisers purchased a new stake in Invesco International Corporate Bond ETF during the second quarter valued at about $206,000.

About Invesco International Corporate Bond ETF

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.