Invesco Emerging Markets Sovereign Debt ETF (NYSEARCA:PCY) Sees Significant Drop in Short Interest

Invesco Emerging Markets Sovereign Debt ETF (NYSEARCA:PCY) saw a large drop in short interest in March. As of March 13th, there was short interest totaling 22,239 shares, a drop of 91.5% from the February 26th total of 260,481 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average trading volume of 487,624 shares, the days-to-cover ratio is currently 0.0 days. Based on an average trading volume of 487,624 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the shares of the company are short sold.

Invesco Emerging Markets Sovereign Debt ETF Price Performance

Shares of NYSEARCA PCY traded up $0.25 during trading on Wednesday, reaching $21.02. The stock had a trading volume of 175,064 shares, compared to its average volume of 586,996. Invesco Emerging Markets Sovereign Debt ETF has a one year low of $18.71 and a one year high of $22.18. The firm’s 50 day moving average price is $21.62 and its two-hundred day moving average price is $21.68.

Invesco Emerging Markets Sovereign Debt ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, February 27th. Stockholders of record on Monday, February 23rd were given a $0.1043 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 6.0%. The ex-dividend date was Monday, February 23rd.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Realta Investment Advisors grew its position in shares of Invesco Emerging Markets Sovereign Debt ETF by 104.9% during the 3rd quarter. Realta Investment Advisors now owns 1,164 shares of the company’s stock valued at $25,000 after buying an additional 596 shares during the last quarter. Qube Research & Technologies Ltd bought a new position in Invesco Emerging Markets Sovereign Debt ETF in the second quarter worth about $52,000. PNC Financial Services Group Inc. boosted its stake in Invesco Emerging Markets Sovereign Debt ETF by 29.1% in the fourth quarter. PNC Financial Services Group Inc. now owns 5,219 shares of the company’s stock valued at $113,000 after acquiring an additional 1,177 shares during the period. Sound Income Strategies LLC boosted its stake in Invesco Emerging Markets Sovereign Debt ETF by 60.0% in the third quarter. Sound Income Strategies LLC now owns 6,672 shares of the company’s stock valued at $144,000 after acquiring an additional 2,501 shares during the period. Finally, CoreCap Advisors LLC grew its holdings in shares of Invesco Emerging Markets Sovereign Debt ETF by 1,023.2% during the fourth quarter. CoreCap Advisors LLC now owns 7,447 shares of the company’s stock valued at $161,000 after purchasing an additional 6,784 shares during the last quarter. 69.00% of the stock is 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.