Invesco Emerging Markets Sovereign Debt ETF (NYSEARCA:PCY) Sees Unusually-High Trading Volume – Time to Buy?

Shares of Invesco Emerging Markets Sovereign Debt ETF (NYSEARCA:PCY) saw unusually-high trading volume on Tuesday. 2,111,992 shares traded hands during trading, an increase of 405% from the previous session’s volume of 418,375 shares. The stock last traded at $20.0150 and had previously closed at $20.10.

Invesco Emerging Markets Sovereign Debt ETF Price Performance

The business has a 50-day moving average of $20.95 and a 200 day moving average of $21.25.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Bank of America Corp DE boosted its stake in Invesco Emerging Markets Sovereign Debt ETF by 4.5% in the first quarter. Bank of America Corp DE now owns 23,615,035 shares of the company’s stock valued at $493,554,000 after acquiring an additional 1,019,832 shares during the last quarter. Advisors Preferred LLC grew its position in shares of Invesco Emerging Markets Sovereign Debt ETF by 314.5% during the 1st quarter. Advisors Preferred LLC now owns 511,065 shares of the company’s stock valued at $10,681,000 after acquiring an additional 387,756 shares during the period. Cetera Investment Advisers increased its stake in shares of Invesco Emerging Markets Sovereign Debt ETF by 744.6% during the 1st quarter. Cetera Investment Advisers now owns 394,670 shares of the company’s stock worth $8,249,000 after purchasing an additional 347,944 shares during the last quarter. Annex Advisory Services LLC increased its stake in shares of Invesco Emerging Markets Sovereign Debt ETF by 5.3% during the 2nd quarter. Annex Advisory Services LLC now owns 4,214,276 shares of the company’s stock worth $91,239,000 after purchasing an additional 211,608 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in shares of Invesco Emerging Markets Sovereign Debt ETF by 409.1% in the 1st quarter. Bank of New York Mellon Corp now owns 147,489 shares of the company’s stock worth $3,083,000 after purchasing an additional 118,521 shares during the period. 69.00% of the stock is currently owned by institutional investors and hedge funds.

Invesco Emerging Markets Sovereign Debt ETF Company Profile

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.