Short Interest in Invesco International Corporate Bond ETF (NYSEARCA:PICB) Grows By 143.0%

Invesco International Corporate Bond ETF (NYSEARCA:PICB) was the recipient of a significant increase in short interest in the month of January. As of January 15th, there was short interest totaling 80,860 shares, an increase of 143.0% from the December 31st total of 33,275 shares. Based on an average trading volume of 90,308 shares, the short-interest ratio is presently 0.9 days. Approximately 0.7% of the company’s shares are short sold. Approximately 0.7% of the company’s shares are short sold. Based on an average trading volume of 90,308 shares, the short-interest ratio is presently 0.9 days.

Hedge Funds Weigh In On Invesco International Corporate Bond ETF

Several hedge funds and other institutional investors have recently made changes to their positions in PICB. Cape Investment Advisory Inc. acquired a new stake in Invesco International Corporate Bond ETF in the 2nd quarter valued at $31,000. First United Bank & Trust purchased a new stake in shares of Invesco International Corporate Bond ETF in the second quarter worth about $50,000. Raymond James Financial Inc. acquired a new stake in shares of Invesco International Corporate Bond ETF in the second quarter valued at about $155,000. Fifth Third Securities Inc. purchased a new stake in shares of Invesco International Corporate Bond ETF during the 4th quarter valued at about $201,000. Finally, Addison Advisors LLC purchased a new stake in shares of Invesco International Corporate Bond ETF during the 2nd quarter valued at about $203,000.

Invesco International Corporate Bond ETF Stock Performance

Shares of NYSEARCA PICB traded down $0.20 during midday trading on Friday, hitting $24.25. The stock had a trading volume of 154,477 shares, compared to its average volume of 96,449. Invesco International Corporate Bond ETF has a 1-year low of $21.54 and a 1-year high of $24.56. The company has a fifty day moving average price of $23.86 and a 200 day moving average price of $23.77.

Invesco International Corporate Bond ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, January 23rd. Stockholders of record on Tuesday, January 20th were given a $0.0625 dividend. The ex-dividend date of this dividend was Tuesday, January 20th. This represents a c) annualized dividend and a dividend yield of 3.1%.

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.