Invesco Emerging Markets Sovereign Debt ETF (NYSEARCA:PCY) Shares Shorted: Short Interest Down 44.4% in September

Invesco Emerging Markets Sovereign Debt ETF (NYSEARCA:PCY) saw a significant decline in short interest in the month of September. As of September 15th, there was short interest totaling 97,272 shares, a decline of 44.4% from the August 31st total of 174,797 shares. Currently, 0.2% of the shares of the company are short sold. Based on an average daily volume of 234,933 shares, the days-to-cover ratio is currently 0.4 days.

Invesco Emerging Markets Sovereign Debt ETF Trading Down 0.3%

NYSEARCA PCY traded down $0.06 during trading hours on Thursday, hitting $19.82. 691,090 shares of the stock were exchanged, compared to its average volume of 431,078. The stock has a 50-day moving average of $20.88 and a 200 day moving average of $21.22. Invesco Emerging Markets Sovereign Debt ETF has a 12-month low of $19.68 and a 12-month high of $22.18.

Institutional Investors Weigh In On Invesco Emerging Markets Sovereign Debt ETF

A number of large investors have recently modified their holdings of the stock. HighTower Advisors LLC purchased a new position in shares of Invesco Emerging Markets Sovereign Debt ETF during the 4th quarter valued at approximately $895,000. Robinswood Financial LLC bought a new stake in Invesco Emerging Markets Sovereign Debt ETF in the first quarter valued at $877,000. Cetera Investment Advisers increased its stake in shares of Invesco Emerging Markets Sovereign Debt ETF by 744.6% in the first quarter. Cetera Investment Advisers now owns 394,670 shares of the company’s stock valued at $8,249,000 after purchasing an additional 347,944 shares during the period. Bank of New York Mellon Corp grew its stake in shares of Invesco Emerging Markets Sovereign Debt ETF by 409.1% in the first quarter. Bank of New York Mellon Corp now owns 147,489 shares of the company’s stock worth $3,083,000 after purchasing an additional 118,521 shares in the last quarter. Finally, Annex Advisory Services LLC lifted its stake in shares of Invesco Emerging Markets Sovereign Debt ETF by 5.3% in the 2nd quarter. Annex Advisory Services LLC now owns 4,214,276 shares of the company’s stock worth $91,239,000 after acquiring an additional 211,608 shares during the period. Institutional investors and hedge funds own 69.00% of the company’s stock.

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.