Invesco Global ex-US High Yield Corporate Bond ETF (NYSEARCA:PGHY – Get Free Report) saw a significant increase in short interest in May. As of May 29th, there was short interest totaling 29,122 shares, an increase of 282.9% from the May 14th total of 7,605 shares. Currently, 0.3% of the shares of the company are sold short. Based on an average daily volume of 53,387 shares, the days-to-cover ratio is presently 0.5 days.
Hedge Funds Weigh In On Invesco Global ex-US High Yield Corporate Bond ETF
Hedge funds and other institutional investors have recently modified their holdings of the company. Royal Fund Management LLC grew its stake in shares of Invesco Global ex-US High Yield Corporate Bond ETF by 193.7% in the 4th quarter. Royal Fund Management LLC now owns 264,012 shares of the company’s stock worth $5,252,000 after buying an additional 174,118 shares during the last quarter. Diversify Advisory Services LLC purchased a new position in Invesco Global ex-US High Yield Corporate Bond ETF during the fourth quarter valued at $2,642,000. Jane Street Group LLC purchased a new position in Invesco Global ex-US High Yield Corporate Bond ETF during the second quarter valued at $2,575,000. Sound Income Strategies LLC lifted its position in Invesco Global ex-US High Yield Corporate Bond ETF by 14.9% during the fourth quarter. Sound Income Strategies LLC now owns 706,187 shares of the company’s stock valued at $14,141,000 after purchasing an additional 91,676 shares in the last quarter. Finally, Whitcomb & Hess Inc. lifted its position in Invesco Global ex-US High Yield Corporate Bond ETF by 12.3% during the fourth quarter. Whitcomb & Hess Inc. now owns 697,871 shares of the company’s stock valued at $13,943,000 after purchasing an additional 76,266 shares in the last quarter.
Invesco Global ex-US High Yield Corporate Bond ETF Price Performance
Shares of NYSEARCA PGHY traded down $0.03 during mid-day trading on Friday, hitting $19.81. The company had a trading volume of 46,120 shares, compared to its average volume of 77,514. Invesco Global ex-US High Yield Corporate Bond ETF has a 1 year low of $19.26 and a 1 year high of $20.40. The stock’s 50-day moving average price is $19.79 and its 200-day moving average price is $19.84.
Invesco Global ex-US High Yield Corporate Bond ETF Company Profile
The Invesco Global Short Term High Yield Bond ETF (PGHY) is an exchange-traded fund that mostly invests in high yield fixed income. The fund tracks an equal-weighted index of short-term USD-denominated, high-yield corporate bonds issues by US and foreign corporations. PGHY was launched on Jun 20, 2013 and is managed by Invesco.
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