Short Interest in Invesco International Corporate Bond ETF (NYSEARCA:PICB) Rises By 778.8%

Invesco International Corporate Bond ETF (NYSEARCA:PICB) was the recipient of a large increase in short interest during the month of May. As of May 29th, there was short interest totaling 104,453 shares, an increase of 778.8% from the May 14th total of 11,886 shares. Based on an average trading volume of 79,595 shares, the days-to-cover ratio is currently 1.3 days. Approximately 0.7% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Tanager Wealth Management LLP boosted its stake in shares of Invesco International Corporate Bond ETF by 28.2% in the 1st quarter. Tanager Wealth Management LLP now owns 3,676,200 shares of the company’s stock valued at $84,920,000 after purchasing an additional 808,888 shares during the last quarter. Urban Financial Advisory Corp boosted its stake in shares of Invesco International Corporate Bond ETF by 0.4% in the 4th quarter. Urban Financial Advisory Corp now owns 908,572 shares of the company’s stock valued at $21,696,000 after purchasing an additional 3,241 shares during the last quarter. Checchi Capital Advisers LLC boosted its stake in shares of Invesco International Corporate Bond ETF by 2.1% in the 4th quarter. Checchi Capital Advisers LLC now owns 879,424 shares of the company’s stock valued at $21,000,000 after purchasing an additional 18,507 shares during the last quarter. Thrivent Financial for Lutherans boosted its stake in shares of Invesco International Corporate Bond ETF by 687.4% in the 4th quarter. Thrivent Financial for Lutherans now owns 467,328 shares of the company’s stock valued at $11,176,000 after purchasing an additional 407,974 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its stake in shares of Invesco International Corporate Bond ETF by 35.4% in the 4th quarter. Wells Fargo & Company MN now owns 416,917 shares of the company’s stock valued at $9,956,000 after purchasing an additional 108,894 shares during the last quarter.

Invesco International Corporate Bond ETF Stock Down 0.0%

NYSEARCA:PICB traded down $0.01 during mid-day trading on Wednesday, reaching $23.28. 72,824 shares of the company were exchanged, compared to its average volume of 111,482. Invesco International Corporate Bond ETF has a 12 month low of $22.75 and a 12 month high of $24.56. The company has a fifty day moving average of $23.46 and a 200 day moving average of $23.70.

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.