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

Invesco International Corporate Bond ETF (NYSEARCA:PICB) was the recipient of a significant growth in short interest in June. As of June 30th, there was short interest totaling 66,072 shares, a growth of 1,735.8% from the June 15th total of 3,599 shares. Approximately 0.4% of the shares of the company are sold short. Based on an average daily volume of 134,786 shares, the short-interest ratio is currently 0.5 days.

Invesco International Corporate Bond ETF Price Performance

NYSEARCA:PICB remained flat at $23.11 during mid-day trading on Friday. 68,125 shares of the company were exchanged, compared to its average volume of 112,424. 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 moving average price is $23.33 and its 200 day moving average price is $23.62.

Institutional Trading of Invesco International Corporate Bond ETF

A number of institutional investors have recently modified their holdings of PICB. Kestra Advisory Services LLC purchased a new position in Invesco International Corporate Bond ETF in the fourth quarter worth $43,000. SHP Wealth Management purchased a new stake in shares of Invesco International Corporate Bond ETF during the 4th quarter worth $56,000. Cape Investment Advisory Inc. grew its stake in shares of Invesco International Corporate Bond ETF by 224.9% during the 3rd quarter. Cape Investment Advisory Inc. now owns 4,100 shares of the company’s stock worth $98,000 after purchasing an additional 2,838 shares during the period. Raymond James Financial Inc. acquired a new position in shares of Invesco International Corporate Bond ETF during the 2nd quarter worth $155,000. Finally, Fifth Third Securities Inc. purchased a new position in shares of Invesco International Corporate Bond ETF in the 4th quarter valued at about $201,000.

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.