Invesco Emerging Markets Sovereign Debt ETF (NYSEARCA:PCY) Sees Large Decrease in Short Interest

Invesco Emerging Markets Sovereign Debt ETF (NYSEARCA:PCY) was the target of a large drop in short interest during the month of July. As of July 31st, there was short interest totaling 25,292 shares, a drop of 92.3% from the July 15th total of 328,205 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily volume of 194,148 shares, the short-interest ratio is currently 0.1 days.

Hedge Funds Weigh In On Invesco Emerging Markets Sovereign Debt ETF

Several hedge funds and other institutional investors have recently modified their holdings of the company. Annex Advisory Services LLC grew its position in shares of Invesco Emerging Markets Sovereign Debt ETF by 5.3% during the second quarter. Annex Advisory Services LLC now owns 4,214,276 shares of the company’s stock worth $91,239,000 after acquiring an additional 211,608 shares during the last quarter. Sapient Capital LLC bought a new stake in Invesco Emerging Markets Sovereign Debt ETF in the 2nd quarter valued at about $207,000. Legacy Wealth Asset Management LLC boosted its stake in Invesco Emerging Markets Sovereign Debt ETF by 3.0% during the 2nd quarter. Legacy Wealth Asset Management LLC now owns 38,965 shares of the company’s stock valued at $844,000 after purchasing an additional 1,147 shares during the period. City Center Advisors LLC boosted its stake in Invesco Emerging Markets Sovereign Debt ETF by 22.1% during the 2nd quarter. City Center Advisors LLC now owns 47,928 shares of the company’s stock valued at $1,038,000 after purchasing an additional 8,681 shares during the period. Finally, Robinswood Financial LLC bought a new position in Invesco Emerging Markets Sovereign Debt ETF in the 1st quarter worth about $877,000. Institutional investors and hedge funds own 69.00% of the company’s stock.

Invesco Emerging Markets Sovereign Debt ETF Trading Up 0.7%

NYSEARCA:PCY traded up $0.14 during midday trading on Thursday, reaching $21.27. 158,578 shares of the company traded hands, compared to its average volume of 418,080. The company has a fifty day moving average price of $21.40 and a 200 day moving average price of $21.45. Invesco Emerging Markets Sovereign Debt ETF has a twelve month low of $20.46 and a twelve month high of $22.18.

About Invesco Emerging Markets Sovereign Debt ETF

The Invesco Emerging Markets Sovereign Debt ETF (PCY) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund tracks a tier-weighted index of US-dollar-denominated sovereign debt in emerging markets with at least 3 years to maturity. PCY was launched on Oct 11, 2007 and is managed by Invesco.