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

Invesco Fundamental Investment Grade Corporate Bond ETF (NYSEARCA:PFIG) was the target of a large decrease in short interest during the month of May. As of May 29th, there was short interest totaling 945 shares, a decrease of 90.4% from the May 14th total of 9,793 shares. Based on an average daily volume of 29,323 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the shares of the stock are short sold.

Invesco Fundamental Investment Grade Corporate Bond ETF Stock Up 0.5%

Shares of PFIG traded up $0.11 during trading hours on Thursday, hitting $23.98. The stock had a trading volume of 6,191 shares, compared to its average volume of 27,042. The company’s fifty day moving average is $24.00 and its two-hundred day moving average is $24.17. Invesco Fundamental Investment Grade Corporate Bond ETF has a 52 week low of $23.69 and a 52 week high of $26.96.

Institutional Investors Weigh In On Invesco Fundamental Investment Grade Corporate Bond ETF

Large investors have recently made changes to their positions in the company. Eclectic Associates Inc. ADV bought a new stake in shares of Invesco Fundamental Investment Grade Corporate Bond ETF in the 4th quarter worth about $693,000. Truist Financial Corp grew its holdings in Invesco Fundamental Investment Grade Corporate Bond ETF by 27.0% during the 4th quarter. Truist Financial Corp now owns 209,109 shares of the company’s stock worth $5,079,000 after acquiring an additional 44,395 shares during the last quarter. Nikulski Financial Inc. grew its holdings in Invesco Fundamental Investment Grade Corporate Bond ETF by 162.7% during the 4th quarter. Nikulski Financial Inc. now owns 71,805 shares of the company’s stock worth $1,744,000 after acquiring an additional 44,475 shares during the last quarter. Jones Financial Companies Lllp grew its holdings in Invesco Fundamental Investment Grade Corporate Bond ETF by 7.9% during the 3rd quarter. Jones Financial Companies Lllp now owns 55,691 shares of the company’s stock worth $1,346,000 after acquiring an additional 4,073 shares during the last quarter. Finally, Bank of America Corp DE grew its holdings in Invesco Fundamental Investment Grade Corporate Bond ETF by 8.3% during the 3rd quarter. Bank of America Corp DE now owns 45,993 shares of the company’s stock worth $1,115,000 after acquiring an additional 3,539 shares during the last quarter.

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.