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

Invesco International Corporate Bond ETF (NYSEARCA:PICB) was the target of a large decrease in short interest in August. As of August 14th, there was short interest totaling 26,302 shares, a decrease of 40.2% from the July 30th total of 43,974 shares. Based on an average daily volume of 74,334 shares, the short-interest ratio is presently 0.4 days. Currently, 0.2% of the shares of the stock are short sold.

Invesco International Corporate Bond ETF Stock Performance

Shares of Invesco International Corporate Bond ETF stock traded up $0.01 on Monday, hitting $23.13. The stock had a trading volume of 1,474 shares, compared to its average volume of 104,733. Invesco International Corporate Bond ETF has a twelve month low of $22.73 and a twelve month high of $24.56. The stock has a 50 day moving average of $23.12 and a 200 day moving average of $23.41.

Institutional Trading of Invesco International Corporate Bond ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Tanager Wealth Management LLP boosted its position in Invesco International Corporate Bond ETF by 22.4% during the second quarter. Tanager Wealth Management LLP now owns 4,499,641 shares of the company’s stock valued at $104,212,000 after acquiring an additional 823,441 shares during the last quarter. Insight Wealth Strategies LLC increased its stake in Invesco International Corporate Bond ETF by 3.3% in the second quarter. Insight Wealth Strategies LLC now owns 17,487 shares of the company’s stock valued at $404,000 after purchasing an additional 559 shares in the last quarter. Rathbones Group PLC raised its stake in Invesco International Corporate Bond ETF by 17.6% during the 1st quarter. Rathbones Group PLC now owns 130,009 shares of the company’s stock worth $3,003,000 after buying an additional 19,501 shares during the period. Bank of America Corp DE raised its position in shares of Invesco International Corporate Bond ETF by 9.2% during the first quarter. Bank of America Corp DE now owns 15,638 shares of the company’s stock worth $361,000 after purchasing an additional 1,323 shares during the period. Finally, Royal Bank of Canada raised its holdings in Invesco International Corporate Bond ETF by 4.0% during the first quarter. Royal Bank of Canada now owns 20,789 shares of the company’s stock worth $481,000 after buying an additional 795 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.