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

Invesco Global ex-US High Yield Corporate Bond ETF (NYSEARCA:PGHY) was the recipient of a large drop in short interest during the month of March. As of March 13th, there was short interest totaling 16,878 shares, a drop of 76.2% from the February 26th total of 70,969 shares. Based on an average daily volume of 74,267 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.2% of the shares of the company are short sold. Approximately 0.2% of the shares of the company are short sold. Based on an average daily volume of 74,267 shares, the days-to-cover ratio is presently 0.2 days.

Invesco Global ex-US High Yield Corporate Bond ETF Trading Up 0.2%

Shares of NYSEARCA PGHY traded up $0.04 during mid-day trading on Wednesday, reaching $19.52. 23,920 shares of the company’s stock were exchanged, compared to its average volume of 91,192. The firm has a 50-day moving average price of $19.88 and a two-hundred day moving average price of $19.93. Invesco Global ex-US High Yield Corporate Bond ETF has a 52 week low of $18.75 and a 52 week high of $20.40.

Invesco Global ex-US High Yield Corporate Bond ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, February 27th. Shareholders of record on Monday, February 23rd were given a $0.1098 dividend. The ex-dividend date of this dividend was Monday, February 23rd. This represents a c) annualized dividend and a yield of 6.8%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Royal Fund Management LLC increased its stake in shares of Invesco Global ex-US High Yield Corporate Bond ETF by 193.7% during the 4th quarter. Royal Fund Management LLC now owns 264,012 shares of the company’s stock worth $5,252,000 after purchasing an additional 174,118 shares during the last quarter. Diversify Advisory Services LLC purchased a new position in Invesco Global ex-US High Yield Corporate Bond ETF in the fourth quarter valued at approximately $2,642,000. Jane Street Group LLC purchased a new position in Invesco Global ex-US High Yield Corporate Bond ETF in the second quarter valued at approximately $2,575,000. Stenger Family Office LLC bought a new position in Invesco Global ex-US High Yield Corporate Bond ETF during the second quarter valued at $2,573,000. Finally, Sound Income Strategies LLC grew its holdings in Invesco Global ex-US High Yield Corporate Bond ETF by 14.9% during the fourth quarter. Sound Income Strategies LLC now owns 706,187 shares of the company’s stock valued at $14,141,000 after purchasing an additional 91,676 shares during the period.

About Invesco Global ex-US High Yield Corporate Bond ETF

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.