Invesco Emerging Markets Sovereign Debt ETF (NYSEARCA:PCY) Short Interest Up 471.3% in May

Invesco Emerging Markets Sovereign Debt ETF (NYSEARCA:PCY) was the target of a large increase in short interest in the month of May. As of May 15th, there was short interest totaling 322,681 shares, an increase of 471.3% from the April 30th total of 56,478 shares. Approximately 0.5% of the company’s shares are short sold. Based on an average trading volume of 254,309 shares, the short-interest ratio is currently 1.3 days.

Invesco Emerging Markets Sovereign Debt ETF Trading Up 0.2%

Shares of PCY stock traded up $0.05 during trading hours on Thursday, hitting $21.50. 423,199 shares of the company were exchanged, compared to its average volume of 487,397. Invesco Emerging Markets Sovereign Debt ETF has a 1 year low of $19.73 and a 1 year high of $22.18. The firm has a fifty day moving average of $21.30 and a 200 day moving average of $21.57.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Arete Wealth Advisors LLC raised its holdings in Invesco Emerging Markets Sovereign Debt ETF by 31.8% in the first quarter. Arete Wealth Advisors LLC now owns 14,621 shares of the company’s stock valued at $306,000 after buying an additional 3,525 shares during the period. Bank of America Corp DE raised its holdings 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 buying an additional 1,019,832 shares during the period. Royal Bank of Canada raised its holdings in Invesco Emerging Markets Sovereign Debt ETF by 27.1% in the first quarter. Royal Bank of Canada now owns 105,560 shares of the company’s stock valued at $2,205,000 after buying an additional 22,485 shares during the period. Cetera Investment Advisers raised its holdings in 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 buying an additional 347,944 shares during the period. Finally, Simon Quick Advisors LLC raised its holdings in Invesco Emerging Markets Sovereign Debt ETF by 2.4% in the first quarter. Simon Quick Advisors LLC now owns 80,398 shares of the company’s stock valued at $1,680,000 after buying an additional 1,900 shares during the period. 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.