Invesco Emerging Markets Sovereign Debt ETF (NYSEARCA:PCY) Sees Significant Decline in Short Interest

Invesco Emerging Markets Sovereign Debt ETF (NYSEARCA:PCY) saw a large drop in short interest in the month of April. As of April 30th, there was short interest totaling 56,478 shares, a drop of 65.2% from the April 15th total of 162,161 shares. Based on an average daily trading volume, of 278,722 shares, the short-interest ratio is presently 0.2 days. Approximately 0.1% of the company’s stock are sold short.

Hedge Funds Weigh In On Invesco Emerging Markets Sovereign Debt ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in PCY. Cetera Investment Advisers lifted its position in shares of Invesco Emerging Markets Sovereign Debt ETF by 744.6% during the 1st quarter. Cetera Investment Advisers now owns 394,670 shares of the company’s stock worth $8,249,000 after purchasing an additional 347,944 shares during the last quarter. Simon Quick Advisors LLC lifted its position in shares of Invesco Emerging Markets Sovereign Debt ETF by 2.4% during the 1st quarter. Simon Quick Advisors LLC now owns 80,398 shares of the company’s stock worth $1,680,000 after purchasing an additional 1,900 shares during the last quarter. Independent Financial Group LLC purchased a new stake in shares of Invesco Emerging Markets Sovereign Debt ETF during the 1st quarter worth $266,000. Bank of New York Mellon Corp lifted its position in shares of Invesco Emerging Markets Sovereign Debt ETF by 409.1% during the 1st quarter. Bank of New York Mellon Corp now owns 147,489 shares of the company’s stock worth $3,083,000 after purchasing an additional 118,521 shares during the last quarter. Finally, Advisors Preferred LLC lifted its position in shares of Invesco Emerging Markets Sovereign Debt ETF by 314.5% during the 1st quarter. Advisors Preferred LLC now owns 511,065 shares of the company’s stock worth $10,681,000 after purchasing an additional 387,756 shares during the last quarter. Hedge funds and other institutional investors own 69.00% of the company’s stock.

Invesco Emerging Markets Sovereign Debt ETF Stock Performance

PCY stock traded down $0.23 during midday trading on Friday, hitting $21.21. The company’s stock had a trading volume of 222,432 shares, compared to its average volume of 501,962. Invesco Emerging Markets Sovereign Debt ETF has a 52-week low of $19.42 and a 52-week high of $22.18. The firm has a 50-day simple moving average of $21.33 and a 200-day simple moving average of $21.61.

About Invesco Emerging Markets Sovereign Debt ETF

The Invesco Emerging Markets Sovereign Debt ETF (PCY) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund tracks a tier-weighted index of US-dollar-denominated sovereign debt in emerging markets with at least 3 years to maturity. PCY was launched on Oct 11, 2007 and is managed by Invesco.