Invesco Emerging Markets Sovereign Debt ETF (NYSEARCA:PCY) Sees Unusually-High Trading Volume – Here’s Why

Invesco Emerging Markets Sovereign Debt ETF (NYSEARCA:PCY) saw strong trading volume on Thursday . 870,909 shares were traded during mid-day trading, an increase of 90% from the previous session’s volume of 457,719 shares.The stock last traded at $20.04 and had previously closed at $20.00.

Invesco Emerging Markets Sovereign Debt ETF Stock Performance

The firm’s 50 day moving average is $20.35 and its 200 day moving average is $20.66.

Hedge Funds Weigh In On Invesco Emerging Markets Sovereign Debt ETF

A number of large investors have recently made changes to their positions in PCY. Stifel Financial Corp raised its position in shares of Invesco Emerging Markets Sovereign Debt ETF by 6.1% in the 3rd quarter. Stifel Financial Corp now owns 92,757 shares of the company’s stock valued at $1,994,000 after purchasing an additional 5,365 shares during the last quarter. Citigroup Inc. increased its stake in Invesco Emerging Markets Sovereign Debt ETF by 3.2% during the 3rd quarter. Citigroup Inc. now owns 387,186 shares of the company’s stock valued at $8,324,000 after purchasing an additional 11,824 shares in the last quarter. Truist Financial Corp purchased a new position in shares of Invesco Emerging Markets Sovereign Debt ETF in the second quarter worth $202,000. B. Riley Wealth Advisors Inc. purchased a new position in shares of Invesco Emerging Markets Sovereign Debt ETF in the second quarter worth $336,000. Finally, Northwestern Mutual Wealth Management Co. lifted its stake in shares of Invesco Emerging Markets Sovereign Debt ETF by 15.8% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,799 shares of the company’s stock worth $76,000 after buying an additional 519 shares during the period.

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.