Invesco Fundamental Investment Grade Corporate Bond ETF (NYSEARCA:PFIG) Short Interest Update

Invesco Fundamental Investment Grade Corporate Bond ETF (NYSEARCA:PFIG) was the recipient of a large increase in short interest in January. As of January 30th, there was short interest totaling 37,740 shares, an increase of 77.6% from the January 15th total of 21,246 shares. Based on an average trading volume of 23,644 shares, the days-to-cover ratio is currently 1.6 days. Approximately 0.9% of the company’s stock are short sold. Approximately 0.9% of the company’s stock are short sold. Based on an average trading volume of 23,644 shares, the days-to-cover ratio is currently 1.6 days.

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

A number of large investors have recently added to or reduced their stakes in PFIG. Arkadios Wealth Advisors bought a new stake in Invesco Fundamental Investment Grade Corporate Bond ETF in the fourth quarter valued at about $2,406,000. LPL Financial LLC grew its position in shares of Invesco Fundamental Investment Grade Corporate Bond ETF by 28.8% in the 4th quarter. LPL Financial LLC now owns 478,311 shares of the company’s stock worth $11,617,000 after acquiring an additional 106,911 shares in the last quarter. Eclectic Associates Inc. ADV bought a new stake in shares of Invesco Fundamental Investment Grade Corporate Bond ETF in the 4th quarter valued at approximately $693,000. Truist Financial Corp raised its position in shares of Invesco Fundamental Investment Grade Corporate Bond ETF by 27.0% during the 4th quarter. Truist Financial Corp now owns 209,109 shares of the company’s stock valued at $5,079,000 after acquiring an additional 44,395 shares in the last quarter. Finally, Nikulski Financial Inc. lifted its stake in Invesco Fundamental Investment Grade Corporate Bond ETF by 162.7% during the fourth quarter. Nikulski Financial Inc. now owns 71,805 shares of the company’s stock worth $1,744,000 after purchasing an additional 44,475 shares during the last quarter.

Invesco Fundamental Investment Grade Corporate Bond ETF Stock Up 0.2%

PFIG stock traded up $0.04 on Friday, hitting $24.45. 35,401 shares of the company’s stock were exchanged, compared to its average volume of 34,233. Invesco Fundamental Investment Grade Corporate Bond ETF has a 12-month low of $22.64 and a 12-month high of $26.96. The firm has a 50 day moving average price of $24.30 and a two-hundred day moving average price of $24.27.

Invesco Fundamental Investment Grade Corporate Bond ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, January 23rd. Stockholders of record on Tuesday, January 20th were paid a dividend of $0.0876 per share. This is an increase from Invesco Fundamental Investment Grade Corporate Bond ETF’s previous monthly dividend of $0.09. This represents a c) dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date was Tuesday, January 20th.

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. PFIG was launched on Sep 15, 2011 and is managed by Invesco.