Invesco International Corporate Bond ETF (NYSEARCA:PICB) Shares Shorted: Short Interest Down 70.5% in October

Invesco International Corporate Bond ETF (NYSEARCA:PICB) was the recipient of a significant drop in short interest in the month of October. As of October 15th, there was short interest totaling 4,479 shares, a drop of 70.5% from the September 30th total of 15,191 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 53,137 shares, the short-interest ratio is presently 0.1 days.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Insight Wealth Strategies LLC increased its position in shares of Invesco International Corporate Bond ETF by 3.3% in the 2nd quarter. Insight Wealth Strategies LLC now owns 17,487 shares of the company’s stock valued at $404,000 after purchasing an additional 559 shares during the last quarter. Royal Bank of Canada raised its stake in Invesco International Corporate Bond ETF by 4.0% in the first quarter. Royal Bank of Canada now owns 20,789 shares of the company’s stock valued at $481,000 after buying an additional 795 shares in the last quarter. Private Advisor Group LLC lifted its holdings in Invesco International Corporate Bond ETF by 2.3% during the 1st quarter. Private Advisor Group LLC now owns 48,639 shares of the company’s stock worth $1,124,000 after buying an additional 1,102 shares during the last quarter. Bank of America Corp DE boosted its position in shares of Invesco International Corporate Bond ETF by 9.2% during the 1st quarter. Bank of America Corp DE now owns 15,638 shares of the company’s stock worth $361,000 after acquiring an additional 1,323 shares in the last quarter. Finally, Climber Capital SA boosted its position in shares of Invesco International Corporate Bond ETF by 2.2% during the 3rd quarter. Climber Capital SA now owns 61,539 shares of the company’s stock worth $1,297,000 after acquiring an additional 1,344 shares in the last quarter.

Invesco International Corporate Bond ETF Price Performance

NYSEARCA PICB traded up $0.10 during trading hours on Thursday, hitting $22.34. 72,961 shares of the company were exchanged, compared to its average volume of 94,180. The company has a 50 day moving average of $22.60 and a two-hundred day moving average of $23.28. Invesco International Corporate Bond ETF has a 52-week low of $22.01 and a 52-week high of $24.56.

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.