Short Interest in Invesco Fundamental Investment Grade Corporate Bond ETF (NYSEARCA:PFIG) Expands By 167.3%

by · The Cerbat Gem

Invesco Fundamental Investment Grade Corporate Bond ETF (NYSEARCA:PFIG – Get Free Report) was the recipient of a large increase in short interest in the month of May. As of May 15th, there was short interest totaling 9,793 shares, an increase of 167.3% from the April 30th total of 3,664 shares. Based on an average daily volume of 10,793 shares, the short-interest ratio is currently 0.9 days. Currently, 0.2% of the company’s stock are short sold.

Institutional Investors Weigh In On Invesco Fundamental Investment Grade Corporate Bond ETF

Several hedge funds have recently modified their holdings of the stock. Osaic Holdings Inc. lifted its position in Invesco Fundamental Investment Grade Corporate Bond ETF by 314.9% during the 2nd quarter. Osaic Holdings Inc. now owns 2,282 shares of the company’s stock worth $55,000 after acquiring an additional 1,732 shares in the last quarter. Western Wealth Management LLC purchased a new stake in shares of Invesco Fundamental Investment Grade Corporate Bond ETF during the first quarter valued at approximately $77,000. Nikulski Financial Inc. purchased a new stake in shares of Invesco Fundamental Investment Grade Corporate Bond ETF during the second quarter valued at approximately $340,000. JPMorgan Chase & Co. acquired a new position in shares of Invesco Fundamental Investment Grade Corporate Bond ETF during the second quarter worth $375,000. Finally, Royal Bank of Canada lifted its position in shares of Invesco Fundamental Investment Grade Corporate Bond ETF by 6.9% during the first quarter. Royal Bank of Canada now owns 16,147 shares of the company’s stock worth $384,000 after purchasing an additional 1,039 shares in the last quarter.

Invesco Fundamental Investment Grade Corporate Bond ETF Trading Down 0.3%

NYSEARCA:PFIG traded down $0.06 during mid-day trading on Monday, hitting $23.90. The company had a trading volume of 8,958 shares, compared to its average volume of 28,266. The business has a fifty day simple moving average of $24.00 and a 200-day simple moving average of $24.19. Invesco Fundamental Investment Grade Corporate Bond ETF has a 1 year low of $23.69 and a 1 year high of $26.96.

About Invesco Fundamental Investment Grade Corporate Bond ETF

(Get Free Report)

The Invesco Fundamental Investment Grade Corporate Bond ETF (PFIG) is an exchange-traded fund that is based on the RAFI Bonds US Investment Grade 1-10 index. The fund tracks a fundamental-weighted index of investment-grade corporate bonds available in US markets. Issues are selected and weighted using RAFI scores based on financial statement metrics. PFIG was launched on Sep 15, 2011 and is managed by Invesco.

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