Invesco Emerging Markets Sovereign Debt ETF (NYSEARCA:PCY – Get Free Report) saw a significant drop in short interest in the month of September. As of September 15th, there was short interest totaling 97,272 shares, a drop of 44.4% from the August 31st total of 174,797 shares. Approximately 0.2% of the company’s shares are sold short. Based on an average daily trading volume, of 234,933 shares, the days-to-cover ratio is presently 0.4 days.
Invesco Emerging Markets Sovereign Debt ETF Price Performance
Shares of PCY traded down $0.17 during trading on Wednesday, reaching $19.88. 246,974 shares of the company traded hands, compared to its average volume of 429,688. The stock has a 50-day simple moving average of $20.93 and a 200-day simple moving average of $21.24. Invesco Emerging Markets Sovereign Debt ETF has a twelve month low of $19.88 and a twelve month high of $22.18.
Institutional Trading of Invesco Emerging Markets Sovereign Debt ETF
Several institutional investors have recently added to or reduced their stakes in PCY. Envestnet Asset Management Inc. raised its position in Invesco Emerging Markets Sovereign Debt ETF by 12.6% in the second quarter. Envestnet Asset Management Inc. now owns 158,385 shares of the company’s stock valued at $3,429,000 after purchasing an additional 17,703 shares during the period. Waverly Advisors LLC boosted its position in shares of Invesco Emerging Markets Sovereign Debt ETF by 0.8% during the second quarter. Waverly Advisors LLC now owns 338,938 shares of the company’s stock worth $7,338,000 after buying an additional 2,562 shares during the period. Sapient Capital LLC acquired a new stake in shares of Invesco Emerging Markets Sovereign Debt ETF in the second quarter valued at $207,000. Concurrent Investment Advisors LLC raised its holdings in shares of Invesco Emerging Markets Sovereign Debt ETF by 3.0% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 61,344 shares of the company’s stock valued at $1,328,000 after buying an additional 1,779 shares during the period. Finally, Annex Advisory Services LLC raised its holdings in shares of Invesco Emerging Markets Sovereign Debt ETF by 5.3% in the 2nd quarter. Annex Advisory Services LLC now owns 4,214,276 shares of the company’s stock valued at $91,239,000 after buying an additional 211,608 shares during the period. Institutional investors and hedge funds own 69.00% of the company’s stock.
About Invesco Emerging Markets Sovereign Debt ETF
The Invesco Emerging Markets Sovereign Debt ETF (PCY) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund tracks a tier-weighted index of US-dollar-denominated sovereign debt in emerging markets with at least 3 years to maturity. PCY was launched on Oct 11, 2007 and is managed by Invesco.
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