Invesco International Corporate Bond ETF (NYSEARCA:PICB) Shares Shorted: Short Interest Down 70.5% in October

Invesco International Corporate Bond ETF (NYSEARCA:PICB) was the target of a large drop in short interest in the month of October. As of October 15th, there was short interest totaling 4,479 shares, a drop of 70.5% from the September 30th total of 15,191 shares. Based on an average daily trading volume, of 53,137 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the company’s shares are short sold.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in PICB. William Mack & Associates Inc. purchased a new position in Invesco International Corporate Bond ETF during the 3rd quarter valued at $46,000. Integrated Wealth Concepts LLC purchased a new stake in shares of Invesco International Corporate Bond ETF in the 2nd quarter worth about $96,000. Lederer & Associates Investment Counsel CA purchased a new stake in shares of Invesco International Corporate Bond ETF in the 3rd quarter worth about $230,000. Cetera Investment Advisers lifted its position in shares of Invesco International Corporate Bond ETF by 19.3% in the 1st quarter. Cetera Investment Advisers now owns 14,854 shares of the company’s stock worth $343,000 after purchasing an additional 2,403 shares during the period. Finally, Bank of America Corp DE boosted its stake in shares of Invesco International Corporate Bond ETF by 9.2% during the 1st quarter. Bank of America Corp DE now owns 15,638 shares of the company’s stock valued at $361,000 after purchasing an additional 1,323 shares in the last quarter.

Invesco International Corporate Bond ETF Stock Performance

Shares of Invesco International Corporate Bond ETF stock opened at $22.17 on Wednesday. The business has a 50 day moving average of $22.64 and a 200 day moving average of $23.29. Invesco International Corporate Bond ETF has a 52 week low of $22.01 and a 52 week high of $24.56.

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.