Invesco Fundamental High Yield Corporate Bond ETF (NYSEARCA:PHB) Short Interest Up 101.3% in December

Invesco Fundamental High Yield Corporate Bond ETF (NYSEARCA:PHB) was the recipient of a large increase in short interest during the month of December. As of December 15th, there was short interest totaling 14,237 shares, an increase of 101.3% from the November 30th total of 7,074 shares. Based on an average daily volume of 127,446 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.1% of the shares of the stock are short sold. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily volume of 127,446 shares, the days-to-cover ratio is presently 0.1 days.

Invesco Fundamental High Yield Corporate Bond ETF Price Performance

Shares of PHB stock traded down $0.01 during trading hours on Friday, hitting $18.60. 46,073 shares of the company’s stock were exchanged, compared to its average volume of 112,368. The stock’s 50-day moving average is $18.58 and its 200-day moving average is $18.51. Invesco Fundamental High Yield Corporate Bond ETF has a 52 week low of $17.33 and a 52 week high of $18.73.

Institutional Investors Weigh In On Invesco Fundamental High Yield Corporate Bond ETF

A number of hedge funds have recently added to or reduced their stakes in the stock. Simplex Trading LLC bought a new position in shares of Invesco Fundamental High Yield Corporate Bond ETF in the second quarter worth about $64,000. Ameritas Advisory Services LLC bought a new stake in shares of Invesco Fundamental High Yield Corporate Bond ETF during the second quarter valued at approximately $129,000. Strategic Advocates LLC acquired a new stake in shares of Invesco Fundamental High Yield Corporate Bond ETF in the third quarter valued at approximately $146,000. Banque Cantonale Vaudoise raised its position in Invesco Fundamental High Yield Corporate Bond ETF by 5.9% in the 3rd quarter. Banque Cantonale Vaudoise now owns 11,480 shares of the company’s stock worth $213,000 after purchasing an additional 642 shares during the last quarter. Finally, Tcfg Wealth Management LLC bought a new position in Invesco Fundamental High Yield Corporate Bond ETF in the 2nd quarter worth approximately $220,000.

About Invesco Fundamental High Yield Corporate Bond ETF

The Invesco Fundamental High Yield Corporate Bond ETF (PHB) is an exchange-traded fund that is based on the RAFI Bonds US High Yield 1-10 index. The fund tracks a fundamental-weighted index of high-yield US corporate bonds that must be rated between B3\u002FB- and Ba1\u002FBB+. PHB was launched on Nov 15, 2007 and is managed by Invesco.