Invesco International Corporate Bond ETF (NYSEARCA:PICB) Short Interest Down 96.5% in December

Invesco International Corporate Bond ETF (NYSEARCA:PICB) was the recipient of a large decrease in short interest in the month of December. As of December 15th, there was short interest totaling 8,529 shares, a decrease of 96.5% from the November 30th total of 245,682 shares. Based on an average daily volume of 88,605 shares, the short-interest ratio is currently 0.1 days. Currently, 0.1% of the company’s stock are short sold. Currently, 0.1% of the company’s stock are short sold. Based on an average daily volume of 88,605 shares, the short-interest ratio is currently 0.1 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Cape Investment Advisory Inc. acquired a new position in Invesco International Corporate Bond ETF during the second quarter worth about $31,000. Anderson Financial Strategies LLC acquired a new stake in shares of Invesco International Corporate Bond ETF during the first quarter valued at approximately $40,000. First United Bank & Trust purchased a new stake in shares of Invesco International Corporate Bond ETF in the second quarter valued at $50,000. Raymond James Financial Inc. purchased a new stake in Invesco International Corporate Bond ETF in the 2nd quarter worth about $155,000. Finally, Addison Advisors LLC purchased a new stake in shares of Invesco International Corporate Bond ETF in the second quarter worth approximately $203,000.

Invesco International Corporate Bond ETF Price Performance

NYSEARCA PICB traded up $0.02 during mid-day trading on Wednesday, reaching $23.94. 20,774 shares of the company’s stock traded hands, compared to its average volume of 59,417. The company has a fifty day simple moving average of $23.69 and a 200-day simple moving average of $23.76. Invesco International Corporate Bond ETF has a 1-year low of $20.99 and a 1-year high of $24.31.

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.