Invesco Emerging Markets Sovereign Debt ETF (NYSEARCA:PCY) Short Interest Update

Invesco Emerging Markets Sovereign Debt ETF (NYSEARCA:PCY) was the target of a significant decrease in short interest during the month of June. As of June 15th, there was short interest totaling 92,671 shares, a decrease of 59.8% from the May 31st total of 230,394 shares. Based on an average daily volume of 314,490 shares, the short-interest ratio is currently 0.3 days. Approximately 0.1% of the shares of the company are short sold.

Institutional Investors Weigh In On Invesco Emerging Markets Sovereign Debt ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Robinswood Financial LLC purchased a new stake in Invesco Emerging Markets Sovereign Debt ETF during the first quarter valued at about $877,000. Arete Wealth Advisors LLC raised its position in shares of Invesco Emerging Markets Sovereign Debt ETF by 31.8% in the first quarter. Arete Wealth Advisors LLC now owns 14,621 shares of the company’s stock valued at $306,000 after purchasing an additional 3,525 shares during the period. Bank of America Corp DE raised its position in shares of 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 purchasing an additional 1,019,832 shares during the period. Royal Bank of Canada lifted its stake in shares of Invesco Emerging Markets Sovereign Debt ETF by 27.1% during the 1st quarter. Royal Bank of Canada now owns 105,560 shares of the company’s stock valued at $2,205,000 after buying an additional 22,485 shares in the last quarter. Finally, Cetera Investment Advisers lifted 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 valued at $8,249,000 after buying an additional 347,944 shares in the last quarter. 69.00% of the stock is currently owned by institutional investors.

Invesco Emerging Markets Sovereign Debt ETF Stock Performance

NYSEARCA:PCY traded up $0.07 during trading hours on Monday, reaching $21.74. The stock had a trading volume of 814,975 shares, compared to its average volume of 463,700. The stock has a 50 day simple moving average of $21.53 and a 200 day simple moving average of $21.55. Invesco Emerging Markets Sovereign Debt ETF has a 12-month low of $20.12 and a 12-month high of $22.18.

About Invesco Emerging Markets Sovereign Debt ETF

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.