Invesco Emerging Markets Sovereign Debt ETF (NYSEARCA:PCY) Sees Significant Drop in Short Interest

Invesco Emerging Markets Sovereign Debt ETF (NYSEARCA:PCY) was the target of a large decline in short interest in the month of April. As of April 30th, there was short interest totaling 56,478 shares, a decline of 65.2% from the April 15th total of 162,161 shares. Based on an average daily trading volume, of 278,722 shares, the short-interest ratio is currently 0.2 days. Currently, 0.1% of the shares of the company are sold short.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of PCY. Bank of America Corp DE lifted its position in Invesco Emerging Markets Sovereign Debt ETF by 4.2% in the 3rd quarter. Bank of America Corp DE now owns 22,132,281 shares of the company’s stock valued at $477,172,000 after purchasing an additional 898,078 shares during the last quarter. Invesco Ltd. lifted its position in Invesco Emerging Markets Sovereign Debt ETF by 25.0% in the 4th quarter. Invesco Ltd. now owns 2,599,005 shares of the company’s stock valued at $56,294,000 after purchasing an additional 519,300 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in Invesco Emerging Markets Sovereign Debt ETF by 3,421.8% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 440,755 shares of the company’s stock valued at $9,547,000 after purchasing an additional 428,240 shares during the last quarter. Financial & Tax Architects LLC lifted its position in Invesco Emerging Markets Sovereign Debt ETF by 181.0% in the 4th quarter. Financial & Tax Architects LLC now owns 645,169 shares of the company’s stock valued at $13,974,000 after purchasing an additional 415,580 shares during the last quarter. Finally, Advisors Preferred LLC lifted its position in Invesco Emerging Markets Sovereign Debt ETF by 314.5% in the 1st quarter. Advisors Preferred LLC now owns 511,065 shares of the company’s stock valued at $10,681,000 after purchasing an additional 387,756 shares during the last quarter. 69.00% of the stock is owned by institutional investors and hedge funds.

Invesco Emerging Markets Sovereign Debt ETF Trading Up 0.1%

Shares of NYSEARCA PCY traded up $0.02 during midday trading on Thursday, hitting $21.44. The company’s stock had a trading volume of 146,513 shares, compared to its average volume of 505,000. Invesco Emerging Markets Sovereign Debt ETF has a 1-year low of $19.42 and a 1-year high of $22.18. The firm’s fifty day moving average price is $21.34 and its 200-day moving average price is $21.62.

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.