Short Interest in Invesco International Corporate Bond ETF (NYSEARCA:PICB) Declines By 72.5%

Invesco International Corporate Bond ETF (NYSEARCA:PICB) was the target of a large decrease in short interest in July. As of July 15th, there was short interest totaling 18,187 shares, a decrease of 72.5% from the June 30th total of 66,072 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily volume of 84,974 shares, the short-interest ratio is currently 0.2 days.

Invesco International Corporate Bond ETF Stock Up 0.0%

NYSEARCA PICB traded up $0.01 during trading hours on Friday, hitting $22.80. The company had a trading volume of 75,679 shares, compared to its average volume of 109,198. Invesco International Corporate Bond ETF has a 52 week low of $22.73 and a 52 week high of $24.56. The firm has a 50 day simple moving average of $23.22 and a 200 day simple moving average of $23.56.

Institutional Investors Weigh In On Invesco International Corporate Bond ETF

A number of institutional investors and hedge funds have recently modified their holdings of PICB. Insight Wealth Strategies LLC boosted its position in shares of Invesco International Corporate Bond ETF by 3.3% in the second quarter. Insight Wealth Strategies LLC now owns 17,487 shares of the company’s stock valued at $404,000 after acquiring an additional 559 shares during the period. Rathbones Group PLC increased its holdings in Invesco International Corporate Bond ETF by 17.6% during the 1st quarter. Rathbones Group PLC now owns 130,009 shares of the company’s stock worth $3,003,000 after acquiring an additional 19,501 shares during the period. Bank of America Corp DE increased its holdings in Invesco International Corporate Bond ETF by 9.2% during the 1st quarter. Bank of America Corp DE now owns 15,638 shares of the company’s stock worth $361,000 after acquiring an additional 1,323 shares during the period. Royal Bank of Canada lifted its stake in Invesco International Corporate Bond ETF by 4.0% in the 1st quarter. Royal Bank of Canada now owns 20,789 shares of the company’s stock worth $481,000 after purchasing an additional 795 shares in the last quarter. Finally, Cetera Investment Advisers lifted its stake in Invesco International Corporate Bond ETF by 19.3% in the 1st quarter. Cetera Investment Advisers now owns 14,854 shares of the company’s stock worth $343,000 after purchasing an additional 2,403 shares in the last quarter.

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.