Short Interest in Invesco Investment Grade Defensive ETF (NYSEARCA:IIGD) Rises By 854.6%

Invesco Investment Grade Defensive ETF (NYSEARCA:IIGDGet Free Report) was the target of a large increase in short interest in the month of July. As of July 31st, there was short interest totaling 1,346 shares, an increase of 854.6% from the July 15th total of 141 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average daily volume of 1,544 shares, the days-to-cover ratio is presently 0.9 days.

Institutional Investors Weigh In On Invesco Investment Grade Defensive ETF

Several institutional investors and hedge funds have recently modified their holdings of IIGD. Core Wealth Advisors Inc. increased its stake in Invesco Investment Grade Defensive ETF by 64.9% during the 1st quarter. Core Wealth Advisors Inc. now owns 62,255 shares of the company’s stock worth $1,531,000 after buying an additional 24,494 shares during the period. Trilogy Capital Inc. increased its position in shares of Invesco Investment Grade Defensive ETF by 14.5% during the first quarter. Trilogy Capital Inc. now owns 33,124 shares of the company’s stock worth $815,000 after acquiring an additional 4,200 shares during the period. NewEdge Advisors LLC increased its position in shares of 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. LPL Financial LLC raised its stake in shares of Invesco Investment Grade Defensive ETF by 3.4% in the fourth 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 in the last quarter. Finally, Flow Traders U.S. LLC purchased a new position in Invesco Investment Grade Defensive ETF in the third quarter valued at $846,000.

Invesco Investment Grade Defensive ETF Stock Performance

IIGD remained flat at $24.38 on Thursday. 32 shares of the company traded hands, compared to its average volume of 6,124. The stock’s 50-day simple moving average is $24.41 and its two-hundred day simple moving average is $24.59. Invesco Investment Grade Defensive ETF has a 12-month low of $24.22 and a 12-month high of $25.08.

Invesco Investment Grade Defensive ETF Company Profile

(Get Free Report)

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.

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