Short Interest in Invesco International Corporate Bond ETF (NYSEARCA:PICB) Rises By 778.8%

Invesco International Corporate Bond ETF (NYSEARCA:PICB) was the target of a significant increase in short interest in the month of May. As of May 29th, there was short interest totaling 104,453 shares, an increase of 778.8% from the May 14th total of 11,886 shares. Currently, 0.7% of the company’s stock are short sold. Based on an average daily volume of 79,595 shares, the days-to-cover ratio is presently 1.3 days.

Invesco International Corporate Bond ETF Stock Performance

NYSEARCA:PICB traded down $0.01 during midday trading on Wednesday, reaching $23.28. The stock had a trading volume of 72,824 shares, compared to its average volume of 111,482. Invesco International Corporate Bond ETF has a 1-year low of $22.75 and a 1-year high of $24.56. The firm’s fifty day simple moving average is $23.46 and its 200-day simple moving average is $23.70.

Institutional Investors Weigh In On Invesco International Corporate Bond ETF

Several institutional investors and hedge funds have recently bought and sold shares of the business. Tanager Wealth Management LLP grew its holdings in shares of Invesco International Corporate Bond ETF by 99.5% in the 4th quarter. Tanager Wealth Management LLP now owns 2,867,312 shares of the company’s stock worth $68,470,000 after purchasing an additional 1,429,753 shares during the last quarter. Thrivent Financial for Lutherans grew its holdings in shares of Invesco International Corporate Bond ETF by 687.4% in the 4th quarter. Thrivent Financial for Lutherans now owns 467,328 shares of the company’s stock worth $11,176,000 after purchasing an additional 407,974 shares during the last quarter. Walkner Condon Financial Advisors LLC grew its holdings in shares of Invesco International Corporate Bond ETF by 360.4% in the 1st quarter. Walkner Condon Financial Advisors LLC now owns 238,901 shares of the company’s stock worth $5,518,000 after purchasing an additional 187,010 shares during the last quarter. Wells Fargo & Company MN grew its holdings in shares of Invesco International Corporate Bond ETF by 35.4% in the 4th quarter. Wells Fargo & Company MN now owns 416,917 shares of the company’s stock worth $9,956,000 after purchasing an additional 108,894 shares during the last quarter. Finally, Bristlecone Value Partners LLC bought a new stake in shares of Invesco International Corporate Bond ETF in the 4th quarter worth about $2,011,000.

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.