Short Interest in Invesco International Corporate Bond ETF (NYSEARCA:PICB) Grows By 143.0%

Invesco International Corporate Bond ETF (NYSEARCA:PICB) was the target of a large increase in short interest in the month of January. As of January 15th, there was short interest totaling 80,860 shares, an increase of 143.0% from the December 31st total of 33,275 shares. Based on an average trading volume of 90,308 shares, the short-interest ratio is presently 0.9 days. Approximately 0.7% of the shares of the company are short sold. Approximately 0.7% of the shares of the company are short sold. Based on an average trading volume of 90,308 shares, the short-interest ratio is presently 0.9 days.

Institutional Investors Weigh In On Invesco International Corporate Bond ETF

A number of hedge funds and other institutional investors have recently modified their holdings of PICB. Cape Investment Advisory Inc. bought a new stake in shares of Invesco International Corporate Bond ETF during the 2nd quarter worth about $31,000. First United Bank & Trust acquired a new position in shares of Invesco International Corporate Bond ETF during the second quarter valued at approximately $50,000. Raymond James Financial Inc. bought a new stake in Invesco International Corporate Bond ETF during the second quarter worth approximately $155,000. Fifth Third Securities Inc. acquired a new stake in Invesco International Corporate Bond ETF in the fourth quarter worth approximately $201,000. Finally, Addison Advisors LLC bought a new stake in Invesco International Corporate Bond ETF in the second quarter worth about $203,000.

Invesco International Corporate Bond ETF Stock Performance

Shares of PICB traded down $0.20 during mid-day trading on Friday, reaching $24.25. 154,477 shares of the company’s stock traded hands, compared to its average volume of 96,449. The business’s 50-day moving average price is $23.86 and its 200-day moving average price is $23.77. Invesco International Corporate Bond ETF has a 12 month low of $21.54 and a 12 month high of $24.56.

Invesco International Corporate Bond ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, January 23rd. Shareholders of record on Tuesday, January 20th were given a dividend of $0.0625 per share. This represents a c) dividend on an annualized basis and a yield of 3.1%. The ex-dividend date was Tuesday, January 20th.

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.