Short Interest in Invesco International Corporate Bond ETF (NYSEARCA:PICB) Rises By 1,735.8%

Invesco International Corporate Bond ETF (NYSEARCA:PICB) saw a significant growth in short interest in the month of June. As of June 30th, there was short interest totaling 66,072 shares, a growth of 1,735.8% from the June 15th total of 3,599 shares. Based on an average daily volume of 134,786 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.4% of the company’s stock are short sold.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Kestra Advisory Services LLC purchased a new position in Invesco International Corporate Bond ETF in the fourth quarter worth $43,000. SHP Wealth Management purchased a new stake in shares of Invesco International Corporate Bond ETF during the 4th quarter valued at $56,000. Cape Investment Advisory Inc. raised its stake in shares of Invesco International Corporate Bond ETF by 224.9% during the 3rd quarter. Cape Investment Advisory Inc. now owns 4,100 shares of the company’s stock worth $98,000 after purchasing an additional 2,838 shares during the period. Raymond James Financial Inc. bought a new stake in shares of Invesco International Corporate Bond ETF during the 2nd quarter worth $155,000. Finally, Fifth Third Securities Inc. purchased a new position in shares of Invesco International Corporate Bond ETF in the 4th quarter worth about $201,000.

Invesco International Corporate Bond ETF Price Performance

Shares of PICB remained flat at $23.11 on Friday. 68,125 shares of the company were exchanged, compared to its average volume of 112,424. Invesco International Corporate Bond ETF has a 12 month low of $22.75 and a 12 month high of $24.56. The company has a fifty day moving average of $23.33 and a two-hundred day moving average of $23.62.

About Invesco International Corporate Bond ETF

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.