Invesco International Corporate Bond ETF (NYSEARCA:PICB) Short Interest Up 290.1% in December

Invesco International Corporate Bond ETF (NYSEARCA:PICB) was the recipient of a large growth in short interest in December. As of December 31st, there was short interest totaling 33,275 shares, a growth of 290.1% from the December 15th total of 8,529 shares. Based on an average trading volume of 69,424 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.3% of the company’s stock are short sold. Currently, 0.3% of the company’s stock are short sold. Based on an average trading volume of 69,424 shares, the days-to-cover ratio is presently 0.5 days.

Invesco International Corporate Bond ETF Stock Performance

NYSEARCA PICB traded down $0.04 during trading hours on Tuesday, hitting $23.83. The company had a trading volume of 33,049 shares, compared to its average volume of 78,766. The business has a 50 day moving average of $23.71 and a 200-day moving average of $23.77. Invesco International Corporate Bond ETF has a 1-year low of $21.10 and a 1-year high of $24.31.

Hedge Funds Weigh In On Invesco International Corporate Bond ETF

A number of hedge funds have recently modified their holdings of the business. Cape Investment Advisory Inc. purchased a new position in Invesco International Corporate Bond ETF during the 2nd quarter worth $31,000. First United Bank & Trust acquired a new stake in shares of Invesco International Corporate Bond ETF during the second quarter worth about $50,000. Raymond James Financial Inc. purchased a new position in shares of Invesco International Corporate Bond ETF during the second quarter worth about $155,000. Addison Advisors LLC purchased a new position in shares of Invesco International Corporate Bond ETF during the second quarter worth about $203,000. Finally, Cetera Investment Advisers acquired a new position in Invesco International Corporate Bond ETF in the 2nd quarter valued at about $206,000.

About Invesco International Corporate Bond ETF

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.