Invesco Emerging Markets Sovereign Debt ETF (NYSEARCA:PCY) Sees Unusually-High Trading Volume – Should You Buy?

Invesco Emerging Markets Sovereign Debt ETF (NYSEARCA:PCY) saw unusually-high trading volume on Friday . Approximately 748,257 shares traded hands during trading, an increase of 53% from the previous session’s volume of 490,421 shares.The stock last traded at $20.46 and had previously closed at $20.49.

Invesco Emerging Markets Sovereign Debt ETF Stock Down 0.3 %

The firm has a fifty day simple moving average of $21.11 and a 200 day simple moving average of $20.58.

Hedge Funds Weigh In On Invesco Emerging Markets Sovereign Debt ETF

Hedge funds and other institutional investors have recently modified their holdings of the company. Jane Street Group LLC purchased a new position in Invesco Emerging Markets Sovereign Debt ETF in the first quarter valued at about $32,344,000. Waverly Advisors LLC acquired a new position in Invesco Emerging Markets Sovereign Debt ETF during the 1st quarter worth approximately $6,279,000. Evergreen Capital Management LLC acquired a new position in Invesco Emerging Markets Sovereign Debt ETF during the 2nd quarter worth approximately $5,847,000. Peninsula Wealth LLC purchased a new position in Invesco Emerging Markets Sovereign Debt ETF in the 1st quarter worth approximately $4,601,000. Finally, Coppell Advisory Solutions Corp. acquired a new stake in Invesco Emerging Markets Sovereign Debt ETF in the first quarter valued at approximately $3,845,000.

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.