Invesco International Corporate Bond ETF (NYSEARCA:PICB) Sees Large Decline in Short Interest
by Doug Wharley · The Cerbat GemInvesco International Corporate Bond ETF (NYSEARCA:PICB – Get Free Report) saw a significant drop in short interest in the month of March. As of March 31st, there was short interest totaling 27,918 shares, a drop of 84.2% from the March 15th total of 176,597 shares. Based on an average trading volume of 84,791 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.2% of the shares of the stock are sold short.
Invesco International Corporate Bond ETF Stock Performance
Invesco International Corporate Bond ETF stock traded down $0.03 during midday trading on Friday, reaching $23.60. 66,411 shares of the stock were exchanged, compared to its average volume of 129,208. Invesco International Corporate Bond ETF has a 52 week low of $22.75 and a 52 week high of $24.56. The company’s fifty day moving average is $23.72 and its 200-day moving average is $23.76.
Hedge Funds Weigh In On Invesco International Corporate Bond ETF
A number of institutional investors have recently added to or reduced their stakes in PICB. Kingsview Wealth Management LLC grew its position in 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 during the last quarter. Walkner Condon Financial Advisors LLC lifted its holdings in shares of Invesco International Corporate Bond ETF by 1.0% in the 4th quarter. Walkner Condon Financial Advisors LLC now owns 51,891 shares of the company’s stock worth $1,239,000 after acquiring an additional 490 shares during the last quarter. Insight Wealth Strategies LLC lifted its holdings in shares of Invesco International Corporate Bond ETF by 6.3% in the 4th quarter. Insight Wealth Strategies LLC now owns 15,249 shares of the company’s stock worth $364,000 after acquiring an additional 908 shares during the last quarter. Ausdal Financial Partners Inc. boosted its stake in shares of Invesco International Corporate Bond ETF by 7.8% in the 4th quarter. Ausdal Financial Partners Inc. now owns 13,746 shares of the company’s stock valued at $328,000 after purchasing an additional 995 shares in the last quarter. Finally, Pacifica Partners Inc. boosted its stake in shares of Invesco International Corporate Bond ETF by 8.2% in the 3rd quarter. Pacifica Partners Inc. now owns 15,790 shares of the company’s stock valued at $376,000 after purchasing an additional 1,190 shares in the last quarter.
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.