Invesco Fundamental Investment Grade Corporate Bond ETF (NYSEARCA:PFIG) Sees Large Drop in Short Interest

Invesco Fundamental Investment Grade Corporate Bond ETF (NYSEARCA:PFIG) saw a large decrease in short interest in July. As of July 15th, there was short interest totaling 4,034 shares, a decrease of 61.8% from the June 30th total of 10,572 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average trading volume of 18,247 shares, the days-to-cover ratio is presently 0.2 days.

Invesco Fundamental Investment Grade Corporate Bond ETF Price Performance

Shares of NYSEARCA:PFIG opened at $23.64 on Monday. Invesco Fundamental Investment Grade Corporate Bond ETF has a 1-year low of $23.59 and a 1-year high of $24.59. The firm’s 50 day simple moving average is $23.86 and its two-hundred day simple moving average is $24.07.

Institutional Trading of Invesco Fundamental Investment Grade Corporate Bond ETF

Several institutional investors and hedge funds have recently modified their holdings of the company. Arkadios Wealth Advisors lifted its position in shares of Invesco Fundamental Investment Grade Corporate Bond ETF by 182.1% in the first quarter. Arkadios Wealth Advisors now owns 279,432 shares of the company’s stock valued at $6,715,000 after acquiring an additional 180,363 shares in the last quarter. Bank of New York Mellon Corp raised its stake in Invesco Fundamental Investment Grade Corporate Bond ETF by 11.5% during the 1st quarter. Bank of New York Mellon Corp now owns 1,264,118 shares of the company’s stock valued at $30,377,000 after purchasing an additional 130,301 shares during the period. LPL Financial LLC raised its stake in Invesco Fundamental Investment Grade Corporate Bond ETF by 28.8% during the 4th quarter. LPL Financial LLC now owns 478,311 shares of the company’s stock valued at $11,617,000 after purchasing an additional 106,911 shares during the period. Ameriprise Financial Inc. lifted its holdings in Invesco Fundamental Investment Grade Corporate Bond ETF by 52.0% in the 2nd quarter. Ameriprise Financial Inc. now owns 248,913 shares of the company’s stock worth $5,990,000 after purchasing an additional 85,179 shares in the last quarter. Finally, Jane Street Group LLC purchased a new position in Invesco Fundamental Investment Grade Corporate Bond ETF in the 2nd quarter worth approximately $1,475,000.

Invesco Fundamental Investment Grade Corporate Bond ETF Company Profile

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.