Invesco Global ex-US High Yield Corporate Bond ETF (NYSEARCA:PGHY) Sees Large Decrease in Short Interest

Invesco Global ex-US High Yield Corporate Bond ETF (NYSEARCA:PGHY) was the target of a significant decline in short interest in the month of August. As of August 14th, there was short interest totaling 3,694 shares, a decline of 75.1% from the July 30th total of 14,817 shares. Based on an average trading volume of 32,364 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the shares of the company are short sold.

Invesco Global ex-US High Yield Corporate Bond ETF Price Performance

NYSEARCA:PGHY traded up $0.02 during mid-day trading on Thursday, reaching $19.69. The stock had a trading volume of 40,486 shares, compared to its average volume of 65,977. Invesco Global ex-US High Yield Corporate Bond ETF has a twelve month low of $19.26 and a twelve month high of $20.40. The business has a 50 day simple moving average of $19.71 and a 200 day simple moving average of $19.76.

Institutional Investors Weigh In On Invesco Global ex-US High Yield Corporate Bond ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Jane Street Group LLC purchased a new position in shares of Invesco Global ex-US High Yield Corporate Bond ETF during the 2nd quarter worth approximately $2,575,000. Stenger Family Office LLC lifted its stake in Invesco Global ex-US High Yield Corporate Bond ETF by 23.0% in the 4th quarter. Stenger Family Office LLC now owns 174,827 shares of the company’s stock valued at $3,185,000 after buying an additional 32,634 shares in the last quarter. Sound Income Strategies LLC grew its holdings in Invesco Global ex-US High Yield Corporate Bond ETF by 4.6% during the 1st quarter. Sound Income Strategies LLC now owns 738,623 shares of the company’s stock valued at $14,440,000 after buying an additional 32,436 shares during the last quarter. Cetera Investment Advisers grew its holdings in Invesco Global ex-US High Yield Corporate Bond ETF by 182.8% during the 4th quarter. Cetera Investment Advisers now owns 50,076 shares of the company’s stock valued at $996,000 after buying an additional 32,370 shares during the last quarter. Finally, Baker Avenue Asset Management LP increased its position in Invesco Global ex-US High Yield Corporate Bond ETF by 8.4% during the fourth quarter. Baker Avenue Asset Management LP now owns 345,008 shares of the company’s stock worth $6,864,000 after buying an additional 26,799 shares in the last quarter.

About Invesco Global ex-US High Yield Corporate Bond ETF

The Invesco Global Short Term High Yield Bond ETF (PGHY) is an exchange-traded fund that mostly invests in high yield fixed income. The fund tracks an equal-weighted index of short-term USD-denominated, high-yield corporate bonds issues by US and foreign corporations. PGHY was launched on Jun 20, 2013 and is managed by Invesco.