Invesco International Corporate Bond ETF (NYSEARCA:PICB) Short Interest Up 141.8% in July

Invesco International Corporate Bond ETF (NYSEARCA:PICB) was the target of a large increase in short interest during the month of July. As of July 31st, there was short interest totaling 43,974 shares, an increase of 141.8% from the July 15th total of 18,187 shares. Approximately 0.3% of the company’s shares are short sold. Based on an average trading volume of 98,993 shares, the short-interest ratio is currently 0.4 days.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Kestra Advisory Services LLC purchased a new stake in Invesco International Corporate Bond ETF in the 4th quarter worth approximately $43,000. SHP Wealth Management purchased a new position in shares of Invesco International Corporate Bond ETF during the fourth quarter valued at approximately $56,000. Raymond James Financial Inc. bought a new position in shares of Invesco International Corporate Bond ETF during the second quarter valued at approximately $155,000. Cetera Investment Advisers bought a new position in shares of Invesco International Corporate Bond ETF during the second quarter valued at approximately $206,000. Finally, Kingsview Wealth Management LLC raised its holdings in shares of Invesco International Corporate Bond ETF by 4.8% during the fourth quarter. Kingsview Wealth Management LLC now owns 9,342 shares of the company’s stock valued at $223,000 after acquiring an additional 430 shares in the last quarter.

Invesco International Corporate Bond ETF Price Performance

Shares of PICB stock traded up $0.03 during mid-day trading on Friday, reaching $23.24. The stock had a trading volume of 61,082 shares, compared to its average volume of 107,865. The stock’s 50-day moving average price is $23.13 and its two-hundred day moving average price is $23.48. Invesco International Corporate Bond ETF has a 52-week low of $22.73 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.