Invesco International Corporate Bond ETF (NYSEARCA:PICB – Get Free Report) was the target of a significant drop in short interest in October. As of October 15th, there was short interest totaling 4,479 shares, a drop of 70.5% from the September 30th total of 15,191 shares. Based on an average daily trading volume, of 53,137 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the shares of the stock are short sold.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently modified their holdings of the business. William Mack & Associates Inc. acquired a new position in shares of Invesco International Corporate Bond ETF during the third quarter valued at $46,000. Lederer & Associates Investment Counsel CA acquired a new position in Invesco International Corporate Bond ETF in the 3rd quarter worth $230,000. Climber Capital SA lifted its stake in Invesco International Corporate Bond ETF by 2.2% in the 3rd quarter. Climber Capital SA now owns 61,539 shares of the company’s stock valued at $1,297,000 after acquiring an additional 1,344 shares in the last quarter. Tanager Wealth Management LLP boosted its stake in shares of Invesco International Corporate Bond ETF by 12.0% during the 3rd quarter. Tanager Wealth Management LLP now owns 5,041,629 shares of the company’s stock worth $112,100,000 after buying an additional 541,988 shares during the last quarter. Finally, Vontobel Holding Ltd. acquired a new stake in shares of Invesco International Corporate Bond ETF in the 3rd quarter valued at approximately $690,000.
Invesco International Corporate Bond ETF Trading Up 0.2%
Shares of NYSEARCA:PICB traded up $0.04 during trading on Friday, reaching $22.38. 34,655 shares of the company traded hands, compared to its average volume of 93,891. The firm has a fifty day simple moving average of $22.60 and a 200 day simple moving average of $23.28. Invesco International Corporate Bond ETF has a 1-year low of $22.01 and a 1-year high of $24.56.
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.
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