Short Interest in Invesco International Corporate Bond ETF (NYSEARCA:PICB) Declines By 58.5%

Invesco International Corporate Bond ETF (NYSEARCA:PICB) was the recipient of a significant drop in short interest during the month of May. As of May 15th, there was short interest totaling 11,886 shares, a drop of 58.5% from the April 30th total of 28,644 shares. Based on an average daily trading volume, of 81,931 shares, the short-interest ratio is presently 0.1 days. Currently, 0.1% of the company’s shares are sold short.

Invesco International Corporate Bond ETF Price Performance

Shares of Invesco International Corporate Bond ETF stock traded up $0.07 during trading on Friday, hitting $23.65. 72,399 shares of the company were exchanged, compared to its average volume of 113,882. The firm’s fifty day moving average price is $23.42 and its 200 day moving average price is $23.71. Invesco International Corporate Bond ETF has a 1-year low of $22.75 and a 1-year high of $24.56.

Institutional Investors Weigh In On Invesco International Corporate Bond ETF

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

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.