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

Invesco International Corporate Bond ETF (NYSEARCA:PICB) saw a significant drop in short interest in February. As of February 13th, there was short interest totaling 76,283 shares, a drop of 66.9% from the January 29th total of 230,313 shares. Approximately 0.7% of the shares of the company are short sold. Based on an average trading volume of 220,177 shares, the days-to-cover ratio is currently 0.3 days. Based on an average trading volume of 220,177 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.7% of the shares of the company are short sold.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Tanager Wealth Management LLP grew its position in shares of Invesco International Corporate Bond ETF by 99.5% during the 4th 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. Urban Financial Advisory Corp boosted its position in Invesco International Corporate Bond ETF by 0.4% during the fourth quarter. Urban Financial Advisory Corp now owns 908,572 shares of the company’s stock worth $21,696,000 after purchasing an additional 3,241 shares in the last quarter. Checchi Capital Advisers LLC boosted its position in Invesco International Corporate Bond ETF by 2.1% during the fourth quarter. Checchi Capital Advisers LLC now owns 879,424 shares of the company’s stock worth $21,000,000 after purchasing an additional 18,507 shares in the last quarter. Thrivent Financial for Lutherans grew its holdings in Invesco International Corporate Bond ETF by 687.4% in the fourth quarter. Thrivent Financial for Lutherans now owns 467,328 shares of the company’s stock valued at $11,176,000 after purchasing an additional 407,974 shares during the period. Finally, Wells Fargo & Company MN increased its position in shares of Invesco International Corporate Bond ETF by 35.4% in the fourth quarter. Wells Fargo & Company MN now owns 416,917 shares of the company’s stock valued at $9,956,000 after buying an additional 108,894 shares in the last quarter.

Invesco International Corporate Bond ETF Trading Up 0.3%

Invesco International Corporate Bond ETF stock traded up $0.07 during mid-day trading on Friday, hitting $24.30. The company had a trading volume of 222,422 shares, compared to its average volume of 150,767. Invesco International Corporate Bond ETF has a 12-month low of $21.84 and a 12-month high of $24.56. The company’s fifty day moving average is $24.07 and its 200-day moving average is $23.85.

Invesco International Corporate Bond ETF Announces Dividend

The company also recently declared a monthly dividend, which was paid on Friday, February 27th. Investors of record on Monday, February 23rd were issued a dividend of $0.0625 per share. The ex-dividend date of this dividend was Monday, February 23rd. This represents a c) dividend on an annualized basis and a yield of 3.1%.

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.