Short Interest in Invesco Global ex-US High Yield Corporate Bond ETF (NYSEARCA:PGHY) Grows By 614.4%

Invesco Global ex-US High Yield Corporate Bond ETF (NYSEARCA:PGHY) was the target of a significant increase in short interest in the month of July. As of July 31st, there was short interest totaling 14,817 shares, an increase of 614.4% from the July 15th total of 2,074 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average trading volume of 47,225 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Focus Partners Wealth purchased a new position in shares of Invesco Global ex-US High Yield Corporate Bond ETF in the first quarter worth $258,000. JPMorgan Chase & Co. grew its stake in Invesco Global ex-US High Yield Corporate Bond ETF by 421.2% during the second quarter. JPMorgan Chase & Co. now owns 4,618 shares of the company’s stock valued at $92,000 after acquiring an additional 3,732 shares in the last quarter. Jane Street Group LLC bought a new stake in Invesco Global ex-US High Yield Corporate Bond ETF in the 2nd quarter valued at $2,575,000. Bank of America Corp DE increased its holdings in Invesco Global ex-US High Yield Corporate Bond ETF by 5.0% in the 2nd quarter. Bank of America Corp DE now owns 197,264 shares of the company’s stock valued at $3,920,000 after acquiring an additional 9,328 shares during the last quarter. Finally, Osaic Holdings Inc. increased its holdings in Invesco Global ex-US High Yield Corporate Bond ETF by 5.2% in the 2nd quarter. Osaic Holdings Inc. now owns 47,714 shares of the company’s stock valued at $948,000 after acquiring an additional 2,360 shares during the last quarter.

Invesco Global ex-US High Yield Corporate Bond ETF Price Performance

Shares of Invesco Global ex-US High Yield Corporate Bond ETF stock traded up $0.04 during trading hours on Thursday, hitting $19.76. The company’s stock had a trading volume of 9,951 shares, compared to its average volume of 68,111. The business has a 50 day moving average price of $19.73 and a two-hundred day moving average price of $19.78. Invesco Global ex-US High Yield Corporate Bond ETF has a 12-month low of $19.26 and a 12-month high of $20.40.

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.