Invesco International Corporate Bond ETF (NYSEARCA:PICB) Short Interest Update

Invesco International Corporate Bond ETF (NYSEARCA:PICB) was the recipient of a significant decline in short interest in May. As of May 15th, there was short interest totaling 11,886 shares, a decline of 58.5% from the April 30th total of 28,644 shares. Based on an average daily trading volume, of 81,931 shares, the short-interest ratio is presently 0.1 days. Approximately 0.1% of the shares of the company are short sold.

Invesco International Corporate Bond ETF Trading Up 0.3%

Shares of PICB stock traded up $0.07 during mid-day trading on Friday, reaching $23.65. The company’s stock had a trading volume of 72,399 shares, compared to its average volume of 113,882. Invesco International Corporate Bond ETF has a 1-year low of $22.75 and a 1-year high of $24.56. The firm’s 50-day moving average is $23.42 and its two-hundred day moving average is $23.71.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in PICB. Kestra Advisory Services LLC acquired a new position in shares of Invesco International Corporate Bond ETF in the 4th quarter worth approximately $43,000. SHP Wealth Management acquired a new stake in Invesco International Corporate Bond ETF in the 4th quarter valued at $56,000. Cape Investment Advisory Inc. grew its position in Invesco International Corporate Bond ETF by 224.9% in the third quarter. Cape Investment Advisory Inc. now owns 4,100 shares of the company’s stock valued at $98,000 after acquiring an additional 2,838 shares during the period. Raymond James Financial Inc. bought a new stake in Invesco International Corporate Bond ETF in the second quarter valued at $155,000. Finally, Fifth Third Securities Inc. acquired a new position in Invesco International Corporate Bond ETF during the fourth quarter worth $201,000.

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.