Short Interest in Invesco International Corporate Bond ETF (NYSEARCA:PICB) Declines By 58.5%

Invesco International Corporate Bond ETF (NYSEARCA:PICB) saw a significant decline in short interest in the month of May. As of May 15th, there was short interest totaling 11,886 shares, a decline of 58.5% from the April 30th total of 28,644 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 81,931 shares, the days-to-cover ratio is presently 0.1 days.

Invesco International Corporate Bond ETF Price Performance

NYSEARCA:PICB traded down $0.08 on Tuesday, reaching $23.57. 36,083 shares of the company’s stock traded hands, compared to its average volume of 113,126. The stock has a 50-day simple moving average of $23.43 and a 200-day simple moving average of $23.71. Invesco International Corporate Bond ETF has a 12 month low of $22.75 and a 12 month high of $24.56.

Hedge Funds Weigh In On Invesco International Corporate Bond ETF

Several hedge funds have recently modified their holdings of PICB. Tanager Wealth Management LLP lifted its holdings in shares of Invesco International Corporate Bond ETF by 99.5% in the fourth quarter. Tanager Wealth Management LLP now owns 2,867,312 shares of the company’s stock worth $68,470,000 after buying an additional 1,429,753 shares in the last quarter. Thrivent Financial for Lutherans increased its position in Invesco International Corporate Bond ETF by 687.4% during the fourth quarter. Thrivent Financial for Lutherans now owns 467,328 shares of the company’s stock valued at $11,176,000 after acquiring an additional 407,974 shares during the last quarter. Walkner Condon Financial Advisors LLC increased its position in Invesco International Corporate Bond ETF by 360.4% during the first quarter. Walkner Condon Financial Advisors LLC now owns 238,901 shares of the company’s stock valued at $5,518,000 after acquiring an additional 187,010 shares during the last quarter. Wells Fargo & Company MN increased its position in Invesco International Corporate Bond ETF by 35.4% during the fourth quarter. Wells Fargo & Company MN now owns 416,917 shares of the company’s stock valued at $9,956,000 after acquiring an additional 108,894 shares during the last quarter. Finally, Bristlecone Value Partners LLC bought a new position in Invesco International Corporate Bond ETF during the fourth quarter valued at $2,011,000.

Invesco International Corporate Bond ETF Company Profile

PowerShares International Corporate Bond Portfolio (the Fund) seeks investment results that correspond generally to the price and yield performance of an index called the S&P International Corporate Bond Index (the Index). The Fund will normally invest at least 80% of its total assets in the securities that comprise the Index. The Index measures the performance of investment grade corporate bonds issued by non-the United States issuers in the currencies: Australian Dollar, British Pound, Canadian Dollar, Euro, Japanese Yen, Swiss Franc, Danish Krone, New Zealand Dollar, Norwegian Krone and Swedish Krona.