Invesco International Corporate Bond ETF (NYSEARCA:PICB) Sees Significant Growth in Short Interest

Invesco International Corporate Bond ETF (NYSEARCA:PICB) was the target of a significant growth in short interest in July. As of July 31st, there was short interest totaling 43,974 shares, a growth of 141.8% from the July 15th total of 18,187 shares. Currently, 0.3% of the company’s stock are sold short. Based on an average daily volume of 98,993 shares, the days-to-cover ratio is presently 0.4 days.

Invesco International Corporate Bond ETF Stock Up 0.1%

Shares of PICB opened at $23.24 on Friday. The company’s 50 day moving average price is $23.13 and its 200 day moving average price is $23.48. Invesco International Corporate Bond ETF has a 52 week low of $22.73 and a 52 week high of $24.56.

Hedge Funds Weigh In On Invesco International Corporate Bond ETF

Several institutional investors and hedge funds have recently modified their holdings of PICB. Cetera Investment Advisers acquired a new position in shares of Invesco International Corporate Bond ETF in the second quarter worth $206,000. Raymond James Financial Inc. acquired a new stake in Invesco International Corporate Bond ETF during the second quarter valued at $155,000. Jane Street Group LLC acquired a new stake in Invesco International Corporate Bond ETF during the second quarter valued at $972,000. Bank of America Corp DE grew its stake in Invesco International Corporate Bond ETF by 50.7% in the second quarter. Bank of America Corp DE now owns 19,459 shares of the company’s stock valued at $471,000 after purchasing an additional 6,548 shares in the last quarter. Finally, Captrust Financial Advisors purchased a new position in Invesco International Corporate Bond ETF in the second quarter valued at about $396,000.

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.