Invesco Investment Grade Defensive ETF (NYSEARCA:IIGD) Sees Significant Increase in Short Interest

Invesco Investment Grade Defensive ETF (NYSEARCA:IIGD) was the recipient of a significant increase in short interest during the month of October. As of October 15th, there was short interest totaling 4,955 shares, an increase of 150.5% from the September 30th total of 1,978 shares. Approximately 0.5% of the shares of the company are sold short. Based on an average daily trading volume, of 16,477 shares, the days-to-cover ratio is presently 0.3 days.

Invesco Investment Grade Defensive ETF Price Performance

Invesco Investment Grade Defensive ETF stock traded up $0.03 during mid-day trading on Friday, reaching $24.03. 307 shares of the company were exchanged, compared to its average volume of 6,155. The company has a fifty day simple moving average of $24.02 and a 200-day simple moving average of $24.45. Invesco Investment Grade Defensive ETF has a 12 month low of $23.76 and a 12 month high of $24.98.

Institutional Trading of Invesco Investment Grade Defensive ETF

A hedge fund recently raised its stake in Invesco Investment Grade Defensive ETF stock. Citadel Advisors LLC increased its position in shares of Invesco Investment Grade Defensive ETF (NYSEARCA:IIGD) by 137.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 57,170 shares of the company’s stock after purchasing an additional 33,057 shares during the quarter. Citadel Advisors LLC owned approximately 5.20% of Invesco Investment Grade Defensive ETF worth $1,398,000 as of its most recent SEC filing.

About Invesco Investment Grade Defensive ETF

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.