Invesco Global ex-US High Yield Corporate Bond ETF (NYSEARCA:PGHY) Short Interest Update

Invesco Global ex-US High Yield Corporate Bond ETF (NYSEARCA:PGHY) saw a large growth in short interest in May. As of May 29th, there was short interest totaling 29,122 shares, a growth of 282.9% from the May 14th total of 7,605 shares. Based on an average daily trading volume, of 53,387 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.3% of the company’s shares are sold short.

Invesco Global ex-US High Yield Corporate Bond ETF Trading Down 0.2%

PGHY traded down $0.03 on Friday, reaching $19.81. 46,120 shares of the company traded hands, compared to its average volume of 77,514. Invesco Global ex-US High Yield Corporate Bond ETF has a one year low of $19.26 and a one year high of $20.40. The firm has a fifty day simple moving average of $19.79 and a two-hundred day simple moving average of $19.84.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Sowell Financial Services LLC increased its position in Invesco Global ex-US High Yield Corporate Bond ETF by 3.6% during the 4th quarter. Sowell Financial Services LLC now owns 860,104 shares of the company’s stock valued at $17,112,000 after purchasing an additional 29,733 shares during the period. Sound Income Strategies LLC increased its position 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 purchasing an additional 32,436 shares during the period. Whitcomb & Hess Inc. increased its position in Invesco Global ex-US High Yield Corporate Bond ETF by 12.3% during the 4th quarter. Whitcomb & Hess Inc. now owns 697,871 shares of the company’s stock valued at $13,943,000 after purchasing an additional 76,266 shares during the period. Baker Avenue Asset Management LP increased its position in Invesco Global ex-US High Yield Corporate Bond ETF by 8.4% during the 4th quarter. Baker Avenue Asset Management LP now owns 345,008 shares of the company’s stock valued at $6,864,000 after purchasing an additional 26,799 shares during the period. Finally, Royal Fund Management LLC increased its position in Invesco Global ex-US High Yield Corporate Bond ETF by 193.7% during the 4th quarter. Royal Fund Management LLC now owns 264,012 shares of the company’s stock valued at $5,252,000 after purchasing an additional 174,118 shares during the period.

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.