Short Interest in Invesco Fundamental Investment Grade Corporate Bond ETF (NYSEARCA:PFIG) Grows By 114.3%

Invesco Fundamental Investment Grade Corporate Bond ETF (NYSEARCA:PFIG) was the target of a significant increase in short interest during the month of July. As of July 15th, there was short interest totaling 7,500 shares, anincreaseof114.3% from the June 30th total of 3,500 shares. Based on an average daily volume of 13,800 shares, the days-to-cover ratio is currently 0.5 days. Based on an average daily volume of 13,800 shares, the days-to-cover ratio is currently 0.5 days.

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

Several hedge funds have recently bought and sold shares of the stock. Bank of New York Mellon Corp lifted its position in Invesco Fundamental Investment Grade Corporate Bond ETF by 1.8% during the second quarter. Bank of New York Mellon Corp now owns 1,128,946 shares of the company’s stock valued at $27,169,000 after purchasing an additional 20,351 shares during the last quarter. LPL Financial LLC lifted its position in Invesco Fundamental Investment Grade Corporate Bond ETF by 13.5% during the first quarter. LPL Financial LLC now owns 319,208 shares of the company’s stock valued at $7,600,000 after purchasing an additional 38,075 shares during the last quarter. CreativeOne Wealth LLC lifted its position in Invesco Fundamental Investment Grade Corporate Bond ETF by 4.8% during the fourth quarter. CreativeOne Wealth LLC now owns 185,820 shares of the company’s stock valued at $4,363,000 after purchasing an additional 8,465 shares during the last quarter. Ameriprise Financial Inc. lifted its position in Invesco Fundamental Investment Grade Corporate Bond ETF by 24.9% during the fourth quarter. Ameriprise Financial Inc. now owns 171,402 shares of the company’s stock valued at $4,024,000 after purchasing an additional 34,148 shares during the last quarter. Finally, Truist Financial Corp lifted its position in Invesco Fundamental Investment Grade Corporate Bond ETF by 23.7% during the second quarter. Truist Financial Corp now owns 156,814 shares of the company’s stock valued at $3,774,000 after purchasing an additional 30,052 shares during the last quarter.

Invesco Fundamental Investment Grade Corporate Bond ETF Stock Performance

Shares of Invesco Fundamental Investment Grade Corporate Bond ETF stock opened at $24.16 on Thursday. Invesco Fundamental Investment Grade Corporate Bond ETF has a 1 year low of $22.64 and a 1 year high of $26.96. The company has a 50 day simple moving average of $23.95 and a two-hundred day simple moving average of $23.79.

About Invesco Fundamental Investment Grade Corporate Bond ETF

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.