Invesco Fundamental Investment Grade Corporate Bond ETF (NYSEARCA:PFIG) Short Interest Down 93.9% in March

Invesco Fundamental Investment Grade Corporate Bond ETF (NYSEARCA:PFIG) saw a significant decrease in short interest in March. As of March 13th, there was short interest totaling 2,182 shares, a decrease of 93.9% from the February 26th total of 35,504 shares. Based on an average daily volume of 48,687 shares, the short-interest ratio is presently 0.0 days. Approximately 0.1% of the shares of the stock are sold short. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily volume of 48,687 shares, the short-interest ratio is presently 0.0 days.

Invesco Fundamental Investment Grade Corporate Bond ETF Stock Down 0.2%

Shares of PFIG stock traded down $0.05 during trading hours on Tuesday, hitting $23.90. The company’s stock had a trading volume of 7,297 shares, compared to its average volume of 32,129. The business has a fifty day moving average of $24.26 and a 200-day moving average of $24.29. Invesco Fundamental Investment Grade Corporate Bond ETF has a twelve month low of $22.64 and a twelve month high of $26.96.

Invesco Fundamental Investment Grade Corporate Bond ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Friday, February 27th. Shareholders of record on Monday, February 23rd were issued a dividend of $0.0829 per share. This represents a c) dividend on an annualized basis and a yield of 4.2%. The ex-dividend date was Monday, February 23rd.

Hedge Funds Weigh In On Invesco Fundamental Investment Grade Corporate Bond ETF

Institutional investors have recently made changes to their positions in the stock. LPL Financial LLC increased its position 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 worth $11,617,000 after purchasing an additional 106,911 shares in the last quarter. Arkadios Wealth Advisors acquired a new stake in shares of Invesco Fundamental Investment Grade Corporate Bond ETF during the 4th quarter worth about $2,406,000. Ameriprise Financial Inc. boosted its stake in shares of Invesco Fundamental Investment Grade Corporate Bond ETF by 52.0% during 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 during the last quarter. Jane Street Group LLC purchased a new stake in shares of Invesco Fundamental Investment Grade Corporate Bond ETF during the second quarter worth about $1,475,000. Finally, Nikulski Financial Inc. grew its holdings in shares of 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 buying an additional 44,475 shares in the last quarter.

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.