Invesco International Corporate Bond ETF (NYSEARCA:PICB) Sees Significant Decrease in Short Interest

Invesco International Corporate Bond ETF (NYSEARCA:PICB) was the target of a significant decrease in short interest during the month of June. As of June 15th, there was short interest totaling 3,599 shares, a decrease of 96.6% from the May 31st total of 104,453 shares. Based on an average trading volume of 88,815 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the company’s stock are sold short.

Institutional Investors Weigh In On Invesco International Corporate Bond ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in PICB. Cetera Investment Advisers bought a new stake in shares of Invesco International Corporate Bond ETF in the 2nd quarter valued at approximately $206,000. Raymond James Financial Inc. acquired a new stake in Invesco International Corporate Bond ETF in the second quarter valued at approximately $155,000. Jane Street Group LLC bought a new stake in Invesco International Corporate Bond ETF in the second quarter worth approximately $972,000. Bank of America Corp DE grew its position in Invesco International Corporate Bond ETF by 50.7% in the second quarter. Bank of America Corp DE now owns 19,459 shares of the company’s stock worth $471,000 after acquiring an additional 6,548 shares in the last quarter. Finally, Captrust Financial Advisors acquired a new position in shares of Invesco International Corporate Bond ETF during the 2nd quarter worth $396,000.

Invesco International Corporate Bond ETF Stock Performance

Shares of NYSEARCA:PICB remained flat at $23.06 during midday trading on Friday. The company had a trading volume of 74,376 shares, compared to its average volume of 112,831. Invesco International Corporate Bond ETF has a twelve month low of $22.75 and a twelve month high of $24.56. The stock’s 50-day moving average is $23.44 and its two-hundred day moving average is $23.67.

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.