Invesco Global ex-US High Yield Corporate Bond ETF (NYSEARCA:PGHY) Sees Large Decline in Short Interest

Invesco Global ex-US High Yield Corporate Bond ETF (NYSEARCA:PGHY) was the target of a significant decrease in short interest in March. As of March 13th, there was short interest totaling 16,878 shares, a decrease of 76.2% from the February 26th total of 70,969 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average daily volume of 74,267 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Investors Weigh In On Invesco Global ex-US High Yield Corporate Bond ETF

Several hedge funds have recently bought and sold shares of the business. Stenger Family Office LLC increased its stake in shares of Invesco Global ex-US High Yield Corporate Bond ETF by 23.0% during the fourth quarter. Stenger Family Office LLC now owns 174,827 shares of the company’s stock valued at $3,185,000 after purchasing an additional 32,634 shares in the last quarter. Guggenheim Capital LLC grew its stake in shares of Invesco Global ex-US High Yield Corporate Bond ETF by 7.1% in the 4th quarter. Guggenheim Capital LLC now owns 65,529 shares of the company’s stock worth $1,304,000 after buying an additional 4,318 shares during the last quarter. Cetera Investment Advisers grew its stake in shares of Invesco Global ex-US High Yield Corporate Bond ETF by 182.8% in the 4th quarter. Cetera Investment Advisers now owns 50,076 shares of the company’s stock worth $996,000 after buying an additional 32,370 shares during the last quarter. Inspire Advisors LLC increased its position in Invesco Global ex-US High Yield Corporate Bond ETF by 4.5% during the 4th quarter. Inspire Advisors LLC now owns 259,407 shares of the company’s stock valued at $5,161,000 after buying an additional 11,161 shares in the last quarter. Finally, Wells Fargo & Company MN bought a new position in Invesco Global ex-US High Yield Corporate Bond ETF during the 4th quarter valued at approximately $161,000.

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

Invesco Global ex-US High Yield Corporate Bond ETF stock traded down $0.09 on Friday, hitting $19.31. 58,304 shares of the stock traded hands, compared to its average volume of 90,351. Invesco Global ex-US High Yield Corporate Bond ETF has a 1 year low of $18.75 and a 1 year high of $20.40. The business’s fifty day simple moving average is $19.85 and its 200 day simple moving average is $19.92.

Invesco Global ex-US High Yield Corporate Bond ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, February 27th. Investors of record on Monday, February 23rd were given a dividend of $0.1098 per share. This represents a c) dividend on an annualized basis and a yield of 6.8%. The ex-dividend date of this dividend was Monday, February 23rd.

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.