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

Invesco Global ex-US High Yield Corporate Bond ETF (NYSEARCA:PGHY) was the recipient of a significant growth in short interest during the month of February. As of February 27th, there was short interest totaling 70,969 shares, a growth of 230.1% from the February 12th total of 21,496 shares. Currently, 0.7% of the company’s stock are sold short. Based on an average trading volume of 62,179 shares, the days-to-cover ratio is presently 1.1 days. Based on an average trading volume of 62,179 shares, the days-to-cover ratio is presently 1.1 days. Currently, 0.7% of the company’s stock are sold short.

Invesco Global ex-US High Yield Corporate Bond ETF Stock Down 0.2%

Shares of Invesco Global ex-US High Yield Corporate Bond ETF stock traded down $0.03 during midday trading on Friday, reaching $19.62. 163,622 shares of the company’s stock traded hands, compared to its average volume of 98,634. 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. The company’s 50 day simple moving average is $19.94 and its 200 day simple moving average is $19.96.

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

The business also recently announced a monthly dividend, which was paid on Friday, February 27th. Shareholders of record on Monday, February 23rd were issued a dividend of $0.1098 per share. This represents a c) annualized dividend and a yield of 6.7%. The ex-dividend date was Monday, February 23rd.

Institutional Trading of Invesco Global ex-US High Yield Corporate Bond ETF

Several large investors have recently made changes to their positions in the stock. Farther Finance Advisors LLC bought a new position in shares of Invesco Global ex-US High Yield Corporate Bond ETF in the 3rd quarter valued at approximately $27,000. Hazlett Burt & Watson Inc. boosted its position in Invesco Global ex-US High Yield Corporate Bond ETF by 30.7% during the fourth quarter. Hazlett Burt & Watson Inc. now owns 2,184 shares of the company’s stock worth $44,000 after purchasing an additional 513 shares during the period. JPMorgan Chase & Co. boosted its position in Invesco Global ex-US High Yield Corporate Bond ETF by 421.2% during the second quarter. JPMorgan Chase & Co. now owns 4,618 shares of the company’s stock worth $92,000 after purchasing an additional 3,732 shares during the period. Wells Fargo & Company MN bought a new position in shares of Invesco Global ex-US High Yield Corporate Bond ETF in the fourth quarter valued at approximately $161,000. Finally, Endowment Wealth Management Inc. boosted its holdings in shares of Invesco Global ex-US High Yield Corporate Bond ETF by 17.5% during the 4th quarter. Endowment Wealth Management Inc. now owns 12,723 shares of the company’s stock worth $253,000 after buying an additional 1,898 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.