Invesco International Corporate Bond ETF (NYSEARCA:PICB – Get Free Report) saw a large drop in short interest in the month of July. As of July 15th, there was short interest totaling 18,187 shares, a drop of 72.5% from the June 30th total of 66,072 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily volume of 84,974 shares, the days-to-cover ratio is currently 0.2 days.
Invesco International Corporate Bond ETF Stock Up 0.3%
NYSEARCA PICB traded up $0.06 during trading hours on Tuesday, reaching $22.92. The company’s stock had a trading volume of 46,471 shares, compared to its average volume of 109,087. The firm’s 50-day moving average price is $23.21 and its 200-day moving average price is $23.55. Invesco International Corporate Bond ETF has a 1 year low of $22.73 and a 1 year high of $24.56.
Hedge Funds Weigh In On Invesco International Corporate Bond ETF
A number of hedge funds and other institutional investors have recently modified their holdings of PICB. Tanager Wealth Management LLP increased its holdings in Invesco International Corporate Bond ETF by 28.2% in the 1st quarter. Tanager Wealth Management LLP now owns 3,676,200 shares of the company’s stock valued at $84,920,000 after acquiring an additional 808,888 shares during the last quarter. Urban Financial Advisory Corp boosted its holdings in shares of Invesco International Corporate Bond ETF by 0.4% during the 4th quarter. Urban Financial Advisory Corp now owns 908,572 shares of the company’s stock valued at $21,696,000 after purchasing an additional 3,241 shares during the last quarter. Checchi Capital Advisers LLC grew its position in shares of Invesco International Corporate Bond ETF by 2.1% during the fourth quarter. Checchi Capital Advisers LLC now owns 879,424 shares of the company’s stock valued at $21,000,000 after purchasing an additional 18,507 shares in the last quarter. Thrivent Financial for Lutherans grew its position in shares of Invesco International Corporate Bond ETF by 687.4% during the fourth quarter. Thrivent Financial for Lutherans now owns 467,328 shares of the company’s stock valued at $11,176,000 after purchasing an additional 407,974 shares in the last quarter. Finally, Wells Fargo & Company MN increased its holdings in shares of Invesco International Corporate Bond ETF by 35.4% in the fourth quarter. Wells Fargo & Company MN now owns 416,917 shares of the company’s stock worth $9,956,000 after purchasing an additional 108,894 shares during 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.
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