Invesco Fundamental Investment Grade Corporate Bond ETF (NYSEARCA:PFIG) Short Interest Update

Invesco Fundamental Investment Grade Corporate Bond ETF (NYSEARCA:PFIG) was the recipient of a large increase in short interest during the month of July. As of July 31st, there was short interest totaling 6,223 shares, an increase of 54.3% from the July 15th total of 4,034 shares. Based on an average trading volume of 33,229 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.1% of the company’s shares are sold short.

Invesco Fundamental Investment Grade Corporate Bond ETF Stock Up 0.2%

NYSEARCA:PFIG opened at $23.75 on Thursday. Invesco Fundamental Investment Grade Corporate Bond ETF has a fifty-two week low of $23.59 and a fifty-two week high of $25.83. The company has a 50 day moving average price of $23.81 and a 200 day moving average price of $24.00.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the company. Royal Bank of Canada raised its holdings in shares of Invesco Fundamental Investment Grade Corporate Bond ETF by 6.9% in the 1st quarter. Royal Bank of Canada now owns 16,147 shares of the company’s stock valued at $384,000 after buying an additional 1,039 shares during the period. Cetera Investment Advisers lifted its stake in Invesco Fundamental Investment Grade Corporate Bond ETF by 96.6% during the 2nd quarter. Cetera Investment Advisers now owns 18,986 shares of the company’s stock worth $457,000 after acquiring an additional 9,330 shares in the last quarter. JPMorgan Chase & Co. purchased a new position in Invesco Fundamental Investment Grade Corporate Bond ETF during the 2nd quarter valued at about $375,000. Jane Street Group LLC acquired a new position in Invesco Fundamental Investment Grade Corporate Bond ETF in the 2nd quarter valued at about $1,475,000. Finally, Ameriprise Financial Inc. grew its position in Invesco Fundamental Investment Grade Corporate Bond ETF by 52.0% in the 2nd quarter. Ameriprise Financial Inc. now owns 248,913 shares of the company’s stock valued at $5,990,000 after acquiring an additional 85,179 shares in 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.