Short Interest in Invesco Investment Grade Defensive ETF (NYSEARCA:IIGD) Decreases By 95.2%

Invesco Investment Grade Defensive ETF (NYSEARCA:IIGD) was the recipient of a large drop in short interest in the month of February. As of February 27th, there was short interest totaling 96 shares, a drop of 95.2% from the February 12th total of 1,997 shares. Based on an average trading volume of 2,226 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the shares of the stock are short sold. Approximately 0.0% of the shares of the stock are short sold. Based on an average trading volume of 2,226 shares, the short-interest ratio is currently 0.0 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in IIGD. LPL Financial LLC grew its stake in Invesco Investment Grade Defensive ETF by 3.4% in the 4th quarter. LPL Financial LLC now owns 233,428 shares of the company’s stock valued at $5,800,000 after acquiring an additional 7,726 shares during the period. Scotia Capital Inc. raised its position in Invesco Investment Grade Defensive ETF by 58.1% during 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. NewEdge Advisors LLC raised its position in Invesco Investment Grade Defensive ETF by 1.1% during the fourth quarter. NewEdge Advisors LLC now owns 49,463 shares of the company’s stock worth $1,229,000 after acquiring an additional 515 shares during the period. Flow Traders U.S. LLC purchased a new position in Invesco Investment Grade Defensive ETF during the third quarter valued at $846,000. Finally, Trilogy Capital Inc. grew its position in shares of Invesco Investment Grade Defensive ETF by 74.0% in 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 during the period.

Invesco Investment Grade Defensive ETF Stock Performance

NYSEARCA IIGD remained flat at $24.75 during trading hours on Thursday. The company had a trading volume of 11,498 shares, compared to its average volume of 3,921. Invesco Investment Grade Defensive ETF has a 12 month low of $23.92 and a 12 month high of $25.08. The firm has a fifty day moving average price of $24.86 and a 200-day moving average price of $24.87.

Invesco Investment Grade Defensive ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, February 27th. Stockholders of record on Monday, February 23rd were given a $0.0851 dividend. The ex-dividend date was Monday, February 23rd. This represents a c) dividend on an annualized basis and a dividend yield of 4.1%.

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.