Invesco Emerging Markets Sovereign Debt ETF (NYSEARCA:PCY) Shares Shorted: Short Interest Down 82.1% in October

Invesco Emerging Markets Sovereign Debt ETF (NYSEARCA:PCY) was the recipient of a large drop in short interest in October. As of October 15th, there was short interest totaling 41,733 shares, a drop of 82.1% from the September 30th total of 233,234 shares. Based on an average trading volume of 325,787 shares, the short-interest ratio is currently 0.1 days. Currently, 0.1% of the company’s shares are sold short.

Institutional Investors Weigh In On Invesco Emerging Markets Sovereign Debt ETF

Several large investors have recently added to or reduced their stakes in PCY. Bank of America Corp DE increased 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 worth $493,554,000 after purchasing an additional 1,019,832 shares in the last quarter. Advisors Preferred LLC boosted its holdings in shares of Invesco Emerging Markets Sovereign Debt ETF by 314.5% during the 1st quarter. Advisors Preferred LLC now owns 511,065 shares of the company’s stock worth $10,681,000 after buying an additional 387,756 shares in the last quarter. Vontobel Holding Ltd. acquired a new stake in shares of Invesco Emerging Markets Sovereign Debt ETF during the 3rd quarter worth approximately $7,171,000. Cetera Investment Advisers grew its position in shares of Invesco Emerging Markets Sovereign Debt ETF by 744.6% during the 1st quarter. Cetera Investment Advisers now owns 394,670 shares of the company’s stock worth $8,249,000 after buying an additional 347,944 shares during the period. Finally, Towercrest Capital Management acquired a new stake in shares of Invesco Emerging Markets Sovereign Debt ETF during the 3rd quarter worth approximately $4,342,000. Institutional investors and hedge funds own 69.00% of the company’s stock.

Invesco Emerging Markets Sovereign Debt ETF Stock Performance

Shares of PCY stock traded down $0.08 during mid-day trading on Wednesday, hitting $20.21. The company’s stock had a trading volume of 217,544 shares, compared to its average volume of 416,794. The company’s fifty day simple moving average is $20.52 and its 200-day simple moving average is $21.22. Invesco Emerging Markets Sovereign Debt ETF has a 52 week low of $19.68 and a 52 week high of $22.18.

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.