Invesco Global ex-US High Yield Corporate Bond ETF (NYSEARCA:PGHY) Sees Significant Decline in Short Interest

Invesco Global ex-US High Yield Corporate Bond ETF (NYSEARCA:PGHY) saw a large decline in short interest during the month of August. As of August 14th, there was short interest totaling 3,694 shares, a decline of 75.1% from the July 30th total of 14,817 shares. Based on an average daily volume of 32,364 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are sold short.

Invesco Global ex-US High Yield Corporate Bond ETF Price Performance

Shares of PGHY traded down $0.06 during midday trading on Friday, hitting $19.63. The company had a trading volume of 34,951 shares, compared to its average volume of 65,789. The company’s 50 day moving average price is $19.70 and its 200 day moving average price is $19.76. Invesco Global ex-US High Yield Corporate Bond ETF has a 52 week low of $19.26 and a 52 week high of $20.40.

Hedge Funds Weigh In On Invesco Global ex-US High Yield Corporate Bond ETF

Large investors have recently added to or reduced their stakes in the company. Sound Income Strategies LLC raised its stake in Invesco Global ex-US High Yield Corporate Bond ETF by 4.6% during the first quarter. Sound Income Strategies LLC now owns 738,623 shares of the company’s stock worth $14,440,000 after acquiring an additional 32,436 shares during the period. Whitcomb & Hess Inc. grew its holdings in shares of Invesco Global ex-US High Yield Corporate Bond ETF by 3.0% during the second quarter. Whitcomb & Hess Inc. now owns 737,661 shares of the company’s stock valued at $14,532,000 after purchasing an additional 21,797 shares during the last quarter. Baker Avenue Asset Management LP grew its holdings in shares of Invesco Global ex-US High Yield Corporate Bond ETF by 8.4% during the fourth quarter. Baker Avenue Asset Management LP now owns 345,008 shares of the company’s stock valued at $6,864,000 after purchasing an additional 26,799 shares during the last quarter. Inspire Advisors LLC grew its holdings in shares of Invesco Global ex-US High Yield Corporate Bond ETF by 4.5% during the fourth quarter. Inspire Advisors LLC now owns 259,407 shares of the company’s stock valued at $5,161,000 after purchasing an additional 11,161 shares during the last quarter. Finally, Bank of America Corp DE raised its position in shares of Invesco Global ex-US High Yield Corporate Bond ETF by 4.1% during the 1st quarter. Bank of America Corp DE now owns 256,140 shares of the company’s stock worth $4,972,000 after purchasing an additional 10,155 shares during the period.

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.