Invesco Emerging Markets Sovereign Debt ETF (NYSEARCA:PCY) Sees Large Drop in Short Interest

Invesco Emerging Markets Sovereign Debt ETF (NYSEARCA:PCY) was the target of a significant drop in short interest in July. As of July 31st, there was short interest totaling 25,292 shares, a drop of 92.3% from the July 15th total of 328,205 shares. Based on an average daily trading volume, of 194,148 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the shares of the stock are short sold.

Institutional Trading of Invesco Emerging Markets Sovereign Debt ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Qube Research & Technologies Ltd bought a new stake in Invesco Emerging Markets Sovereign Debt ETF during the second quarter worth approximately $52,000. PNC Financial Services Group Inc. increased its holdings in shares of Invesco Emerging Markets Sovereign Debt ETF by 29.1% in the fourth quarter. PNC Financial Services Group Inc. now owns 5,219 shares of the company’s stock valued at $113,000 after buying an additional 1,177 shares in the last quarter. Kestra Private Wealth Services LLC acquired a new stake in shares of Invesco Emerging Markets Sovereign Debt ETF during the 3rd quarter valued at $201,000. Sapient Capital LLC acquired a new stake in shares of Invesco Emerging Markets Sovereign Debt ETF during the 2nd quarter valued at $207,000. Finally, Community Bank & Trust Waco Texas bought a new stake in shares of Invesco Emerging Markets Sovereign Debt ETF during the 1st quarter worth $212,000. 69.00% of the stock is currently owned by institutional investors.

Invesco Emerging Markets Sovereign Debt ETF Price Performance

NYSEARCA:PCY traded up $0.04 during mid-day trading on Wednesday, reaching $21.15. 84,976 shares of the stock were exchanged, compared to its average volume of 419,211. The business has a fifty day moving average price of $21.41 and a 200 day moving average price of $21.46. Invesco Emerging Markets Sovereign Debt ETF has a 1-year low of $20.46 and a 1-year high of $22.18.

Invesco Emerging Markets Sovereign Debt ETF Company Profile

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.