Invesco Emerging Markets Sovereign Debt ETF (NYSEARCA:PCY) Sees Significant Increase in Short Interest

Invesco Emerging Markets Sovereign Debt ETF (NYSEARCA:PCY) saw a large growth in short interest during the month of July. As of July 15th, there was short interest totaling 328,205 shares, a growth of 423.0% from the June 30th total of 62,752 shares. Approximately 0.5% of the company’s shares are sold short. Based on an average daily volume of 309,238 shares, the days-to-cover ratio is currently 1.1 days.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in PCY. Sequent Planning LLC increased its stake in Invesco Emerging Markets Sovereign Debt ETF by 4.6% during the first quarter. Sequent Planning LLC now owns 10,474 shares of the company’s stock worth $219,000 after acquiring an additional 465 shares during the last quarter. Mercer Global Advisors Inc. ADV raised its position in Invesco Emerging Markets Sovereign Debt ETF by 5.5% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 10,852 shares of the company’s stock valued at $235,000 after purchasing an additional 570 shares during the period. IHT Wealth Management LLC lifted its stake in shares of Invesco Emerging Markets Sovereign Debt ETF by 5.4% in the 4th quarter. IHT Wealth Management LLC now owns 11,334 shares of the company’s stock valued at $245,000 after purchasing an additional 581 shares during the last quarter. Fifth Third Bancorp lifted its stake in shares of Invesco Emerging Markets Sovereign Debt ETF by 0.9% in the 1st quarter. Fifth Third Bancorp now owns 71,621 shares of the company’s stock valued at $1,497,000 after purchasing an additional 606 shares during the last quarter. Finally, Arete Wealth Advisors LLC grew its holdings in shares of Invesco Emerging Markets Sovereign Debt ETF by 7.5% during the 4th quarter. Arete Wealth Advisors LLC now owns 11,096 shares of the company’s stock worth $240,000 after purchasing an additional 771 shares during the period. 69.00% of the stock is currently owned by institutional investors and hedge funds.

Invesco Emerging Markets Sovereign Debt ETF Price Performance

Shares of Invesco Emerging Markets Sovereign Debt ETF stock remained flat at $20.97 during mid-day trading on Friday. 182,083 shares of the stock traded hands, compared to its average volume of 436,597. The firm’s 50-day simple moving average is $21.47 and its 200-day simple moving average is $21.51. Invesco Emerging Markets Sovereign Debt ETF has a twelve month low of $20.42 and a twelve month high of $22.18.

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.