Invesco Emerging Markets Sovereign Debt ETF (NYSEARCA:PCY) Short Interest Down 51.2% in January

Invesco Emerging Markets Sovereign Debt ETF (NYSEARCA:PCY) saw a significant drop in short interest in January. As of January 15th, there was short interest totaling 45,578 shares, a drop of 51.2% from the December 31st total of 93,357 shares. Based on an average daily volume of 518,533 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.1% of the company’s stock are short sold. Currently, 0.1% of the company’s stock are short sold. Based on an average daily volume of 518,533 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in PCY. Crabel Capital Management LLC purchased a new position in shares of Invesco Emerging Markets Sovereign Debt ETF during the second quarter worth about $430,000. Total Clarity Wealth Management Inc. lifted its position in Invesco Emerging Markets Sovereign Debt ETF by 52.7% during the 2nd quarter. Total Clarity Wealth Management Inc. now owns 33,786 shares of the company’s stock worth $690,000 after acquiring an additional 11,659 shares during the period. Mainstay Capital Management LLC ADV acquired a new stake in Invesco Emerging Markets Sovereign Debt ETF during the 2nd quarter worth approximately $302,000. Rockefeller Capital Management L.P. grew its stake in shares of Invesco Emerging Markets Sovereign Debt ETF by 84.9% in the 2nd quarter. Rockefeller Capital Management L.P. now owns 37,235 shares of the company’s stock valued at $761,000 after purchasing an additional 17,102 shares during the last quarter. Finally, Janney Montgomery Scott LLC acquired a new position in shares of Invesco Emerging Markets Sovereign Debt ETF in the second quarter valued at approximately $213,000. Institutional investors and hedge funds own 69.00% of the company’s stock.

Invesco Emerging Markets Sovereign Debt ETF Stock Performance

Shares of Invesco Emerging Markets Sovereign Debt ETF stock opened at $21.58 on Thursday. The company has a fifty day simple moving average of $21.71 and a 200-day simple moving average of $21.42. Invesco Emerging Markets Sovereign Debt ETF has a 12-month low of $18.71 and a 12-month high of $22.07.

Invesco Emerging Markets Sovereign Debt ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Friday, January 23rd. Stockholders of record on Tuesday, January 20th were issued a $0.1084 dividend. This represents a c) annualized dividend and a dividend yield of 6.0%. The ex-dividend date of this dividend was Tuesday, January 20th. This is an increase from Invesco Emerging Markets Sovereign Debt ETF’s previous monthly dividend of $0.11.

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.