Invesco Global ex-US High Yield Corporate Bond ETF (NYSEARCA:PGHY) Sees Large Growth in Short Interest

Invesco Global ex-US High Yield Corporate Bond ETF (NYSEARCA:PGHY) was the recipient of a significant increase in short interest in the month of February. As of February 27th, there was short interest totaling 70,969 shares, an increase of 230.1% from the February 12th total of 21,496 shares. Based on an average daily volume of 62,179 shares, the days-to-cover ratio is presently 1.1 days. Currently, 0.7% of the company’s shares are sold short. Currently, 0.7% of the company’s shares are sold short. Based on an average daily volume of 62,179 shares, the days-to-cover ratio is presently 1.1 days.

Invesco Global ex-US High Yield Corporate Bond ETF Stock Performance

PGHY stock traded down $0.11 on Thursday, hitting $19.65. 73,082 shares of the company were exchanged, compared to its average volume of 97,343. Invesco Global ex-US High Yield Corporate Bond ETF has a twelve month low of $18.75 and a twelve month high of $20.40. The business’s fifty day moving average is $19.94 and its two-hundred day moving average is $19.96.

Invesco Global ex-US High Yield Corporate Bond ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, February 27th. Stockholders of record on Monday, February 23rd were paid a dividend of $0.1098 per share. The ex-dividend date of this dividend was Monday, February 23rd. This represents a c) annualized dividend and a dividend yield of 6.7%.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in PGHY. Stenger Family Office LLC grew its stake in Invesco Global ex-US High Yield Corporate Bond ETF by 23.0% during the fourth quarter. Stenger Family Office LLC now owns 174,827 shares of the company’s stock worth $3,185,000 after buying an additional 32,634 shares during the period. Guggenheim Capital LLC raised its stake in shares of Invesco Global ex-US High Yield Corporate Bond ETF by 7.1% in the 4th quarter. Guggenheim Capital LLC now owns 65,529 shares of the company’s stock valued at $1,304,000 after acquiring an additional 4,318 shares during the period. Cetera Investment Advisers lifted its holdings in shares of Invesco Global ex-US High Yield Corporate Bond ETF by 182.8% during the 4th quarter. Cetera Investment Advisers now owns 50,076 shares of the company’s stock valued at $996,000 after acquiring an additional 32,370 shares in the last quarter. Inspire Advisors LLC lifted its holdings in shares of Invesco Global ex-US High Yield Corporate Bond ETF by 4.5% during the 4th quarter. Inspire Advisors LLC now owns 259,407 shares of the company’s stock valued at $5,161,000 after acquiring an additional 11,161 shares in the last quarter. Finally, Wells Fargo & Company MN purchased a new stake in Invesco Global ex-US High Yield Corporate Bond ETF during the 4th quarter worth $161,000.

About Invesco Global ex-US High Yield Corporate Bond ETF

The Invesco Global Short Term High Yield Bond ETF (PGHY) is an exchange-traded fund that mostly invests in high yield fixed income. The fund tracks an equal-weighted index of short-term USD-denominated, high-yield corporate bonds issues by US and foreign corporations. PGHY was launched on Jun 20, 2013 and is managed by Invesco.