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 target of a large increase in short interest during 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 short-interest ratio is presently 1.1 days. Approximately 0.7% of the company’s stock are short sold. Approximately 0.7% of the company’s stock are short sold. Based on an average daily volume of 62,179 shares, the short-interest ratio is presently 1.1 days.

Invesco Global ex-US High Yield Corporate Bond ETF Trading Down 0.2%

NYSEARCA:PGHY traded down $0.04 during trading hours on Wednesday, reaching $19.76. The company’s stock had a trading volume of 73,375 shares, compared to its average volume of 97,861. Invesco Global ex-US High Yield Corporate Bond ETF has a one year low of $18.75 and a one year high of $20.40. The business’s 50-day moving average is $19.95 and its 200-day moving average is $19.97.

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

The business also recently declared 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. This represents a c) annualized dividend and a dividend yield of 6.7%. The ex-dividend date was Monday, February 23rd.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Inspire Advisors LLC acquired a new position in Invesco Global ex-US High Yield Corporate Bond ETF during the 2nd quarter worth $4,273,000. Royal Fund Management LLC grew its position in shares of Invesco Global ex-US High Yield Corporate Bond ETF by 193.7% in the fourth quarter. Royal Fund Management LLC now owns 264,012 shares of the company’s stock valued at $5,252,000 after purchasing an additional 174,118 shares during the last quarter. Diversify Advisory Services LLC acquired a new stake in shares of Invesco Global ex-US High Yield Corporate Bond ETF in the fourth quarter valued at about $2,642,000. Jane Street Group LLC bought a new position in shares of Invesco Global ex-US High Yield Corporate Bond ETF in the second quarter worth about $2,575,000. Finally, Stenger Family Office LLC acquired a new position in shares of Invesco Global ex-US High Yield Corporate Bond ETF during the 2nd quarter worth about $2,573,000.

Invesco Global ex-US High Yield Corporate Bond ETF Company Profile

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.