Invesco Investment Grade Defensive ETF (NYSEARCA:IIGD) Short Interest Update

Invesco Investment Grade Defensive ETF (NYSEARCA:IIGD) saw a significant drop in short interest during the month of January. As of January 15th, there was short interest totaling 1,736 shares, a drop of 59.4% from the December 31st total of 4,277 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily trading volume, of 3,704 shares, the days-to-cover ratio is presently 0.5 days. Based on an average daily trading volume, of 3,704 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.1% of the shares of the company are sold short.

Institutional Investors Weigh In On Invesco Investment Grade Defensive ETF

Several large investors have recently added to or reduced their stakes in the stock. Flow Traders U.S. LLC bought a new stake in shares of Invesco Investment Grade Defensive ETF during the third quarter valued at approximately $846,000. Scotia Capital Inc. lifted its stake in Invesco Investment Grade Defensive ETF by 58.1% in the second quarter. Scotia Capital Inc. now owns 60,672 shares of the company’s stock worth $1,498,000 after acquiring an additional 22,304 shares during the period. Integrity Alliance LLC. raised its position in shares of Invesco Investment Grade Defensive ETF by 33.6% in the 2nd quarter. Integrity Alliance LLC. now owns 84,982 shares of the company’s stock worth $2,098,000 after acquiring an additional 21,390 shares in the last quarter. Trilogy Capital Inc. boosted its position in Invesco Investment Grade Defensive ETF by 74.0% during the third quarter. Trilogy Capital Inc. now owns 28,924 shares of the company’s stock valued at $718,000 after purchasing an additional 12,299 shares in the last quarter. Finally, Collier Financial bought a new stake in shares of Invesco Investment Grade Defensive ETF in the 3rd quarter valued at about $160,000.

Invesco Investment Grade Defensive ETF Price Performance

Shares of NYSEARCA:IIGD traded up $0.02 during midday trading on Thursday, reaching $24.83. 1,395 shares of the company were exchanged, compared to its average volume of 3,021. The business’s fifty day moving average is $24.85 and its two-hundred day moving average is $24.82. Invesco Investment Grade Defensive ETF has a one year low of $23.92 and a one year high of $25.08.

Invesco Investment Grade Defensive ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Friday, January 23rd. Stockholders of record on Tuesday, January 20th were given a dividend of $0.0869 per share. The ex-dividend date of this dividend was Tuesday, January 20th. This represents a c) annualized dividend and a dividend yield of 4.2%.

Invesco Investment Grade Defensive ETF Company Profile

The Invesco Investment Grade Defensive ETF (IIGD) is an exchange-traded fund that is based on the Invesco Investment Grade Defensive index. The fund tracks a market value-weighted index of investment-grade corporate bonds of intermediate maturities. IIGD was launched on Jul 25, 2018 and is managed by Invesco.