Invesco International Corporate Bond ETF (NYSEARCA:PICB) Shares Shorted: Short Interest Down 70.5% in October

Invesco International Corporate Bond ETF (NYSEARCA:PICB) was the target of a large decline in short interest in the month of October. As of October 15th, there was short interest totaling 4,479 shares, a decline of 70.5% from the September 30th total of 15,191 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 53,137 shares, the short-interest ratio is currently 0.1 days.

Invesco International Corporate Bond ETF Stock Performance

Shares of Invesco International Corporate Bond ETF stock opened at $22.17 on Wednesday. Invesco International Corporate Bond ETF has a 52-week low of $22.01 and a 52-week high of $24.56. The company’s 50 day moving average price is $22.64 and its 200-day moving average price is $23.29.

Institutional Investors Weigh In On Invesco International Corporate Bond ETF

Several institutional investors have recently added to or reduced their stakes in PICB. Tanager Wealth Management LLP increased its position in shares of Invesco International Corporate Bond ETF by 12.0% in the third quarter. Tanager Wealth Management LLP now owns 5,041,629 shares of the company’s stock valued at $112,100,000 after acquiring an additional 541,988 shares during the period. The Manufacturers Life Insurance Company purchased a new stake in shares of Invesco International Corporate Bond ETF during the second quarter worth about $28,902,000. Walkner Condon Financial Advisors LLC boosted its holdings in shares of Invesco International Corporate Bond ETF by 360.4% during the first quarter. Walkner Condon Financial Advisors LLC now owns 238,901 shares of the company’s stock worth $5,518,000 after purchasing an additional 187,010 shares during the period. Rathbones Group PLC grew its stake in shares of Invesco International Corporate Bond ETF by 17.6% in the first quarter. Rathbones Group PLC now owns 130,009 shares of the company’s stock worth $3,003,000 after purchasing an additional 19,501 shares during the last quarter. Finally, Climber Capital SA grew its stake in shares of Invesco International Corporate Bond ETF by 2.2% in the third quarter. Climber Capital SA now owns 61,539 shares of the company’s stock worth $1,297,000 after purchasing an additional 1,344 shares during the last quarter.

Invesco International Corporate Bond ETF Company Profile

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.