Invesco Fundamental High Yield Corporate Bond ETF (NYSEARCA:PHB) Sees Large Growth in Short Interest

Invesco Fundamental High Yield Corporate Bond ETF (NYSEARCA:PHB) saw a significant growth in short interest during the month of December. As of December 31st, there was short interest totaling 25,176 shares, a growth of 76.8% from the December 15th total of 14,237 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average daily volume of 44,616 shares, the short-interest ratio is currently 0.6 days. Based on an average daily volume of 44,616 shares, the short-interest ratio is currently 0.6 days. Approximately 0.1% of the company’s stock are sold short.

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

Institutional investors and hedge funds have recently modified their holdings of the company. Tcfg Wealth Management LLC increased its position in shares of Invesco Fundamental High Yield Corporate Bond ETF by 4.6% in the third quarter. Tcfg Wealth Management LLC now owns 12,443 shares of the company’s stock valued at $232,000 after buying an additional 551 shares in the last quarter. Banque Cantonale Vaudoise grew its holdings in Invesco Fundamental High Yield Corporate Bond ETF by 5.9% during the 3rd quarter. Banque Cantonale Vaudoise now owns 11,480 shares of the company’s stock valued at $213,000 after buying an additional 642 shares during the last quarter. UBS Group AG grew its holdings in Invesco Fundamental High Yield Corporate Bond ETF by 1.9% during the 3rd quarter. UBS Group AG now owns 44,500 shares of the company’s stock valued at $827,000 after buying an additional 845 shares during the last quarter. Seros Financial LLC increased its position in Invesco Fundamental High Yield Corporate Bond ETF by 1.7% during the second quarter. Seros Financial LLC now owns 52,532 shares of the company’s stock worth $970,000 after buying an additional 866 shares in the last quarter. Finally, Envestnet Asset Management Inc. increased its position in Invesco Fundamental High Yield Corporate Bond ETF by 0.3% during the third quarter. Envestnet Asset Management Inc. now owns 319,476 shares of the company’s stock worth $5,936,000 after buying an additional 1,002 shares in the last quarter.

Invesco Fundamental High Yield Corporate Bond ETF Stock Performance

PHB stock traded down $0.01 during trading on Thursday, hitting $18.68. The company had a trading volume of 69,527 shares, compared to its average volume of 51,183. The firm has a 50-day moving average price of $18.60 and a 200-day moving average price of $18.54. Invesco Fundamental High Yield Corporate Bond ETF has a 1-year low of $17.33 and a 1-year high of $18.73.

Invesco Fundamental High Yield Corporate Bond ETF Company Profile

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.