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

Invesco International Corporate Bond ETF (NYSEARCA:PICB) was the recipient of a significant increase in short interest in the month of July. As of July 31st, there was short interest totaling 43,974 shares, an increase of 141.8% from the July 15th total of 18,187 shares. Approximately 0.3% of the shares of the stock are short sold. Based on an average daily volume of 98,993 shares, the short-interest ratio is presently 0.4 days.

Hedge Funds Weigh In On Invesco International Corporate Bond ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. Tanager Wealth Management LLP grew its position in Invesco International Corporate Bond ETF by 99.5% in the fourth quarter. Tanager Wealth Management LLP now owns 2,867,312 shares of the company’s stock valued at $68,470,000 after acquiring an additional 1,429,753 shares during the period. Thrivent Financial for Lutherans lifted its holdings in shares of Invesco International Corporate Bond ETF by 687.4% during the fourth quarter. Thrivent Financial for Lutherans now owns 467,328 shares of the company’s stock valued at $11,176,000 after acquiring an additional 407,974 shares during the period. Walkner Condon Financial Advisors LLC boosted its stake in shares of Invesco International Corporate Bond ETF by 360.4% in the 1st quarter. Walkner Condon Financial Advisors LLC now owns 238,901 shares of the company’s stock valued at $5,518,000 after purchasing an additional 187,010 shares in the last quarter. Wells Fargo & Company MN grew its holdings in shares of Invesco International Corporate Bond ETF by 35.4% in the 4th quarter. Wells Fargo & Company MN now owns 416,917 shares of the company’s stock worth $9,956,000 after purchasing an additional 108,894 shares during the last quarter. Finally, Bristlecone Value Partners LLC bought a new stake in shares of Invesco International Corporate Bond ETF in the 4th quarter worth about $2,011,000.

Invesco International Corporate Bond ETF Stock Up 0.1%

NYSEARCA PICB traded up $0.03 during trading on Friday, reaching $23.24. 61,082 shares of the company traded hands, compared to its average volume of 107,865. The stock’s 50 day moving average price is $23.13 and its two-hundred day moving average price is $23.49. Invesco International Corporate Bond ETF has a 1-year low of $22.73 and a 1-year high of $24.56.

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.