Short Interest in Invesco Investment Grade Defensive ETF (NYSEARCA:IIGD) Drops By 57.8%

Invesco Investment Grade Defensive ETF (NYSEARCA:IIGD) was the recipient of a significant decline in short interest in the month of December. As of December 31st, there was short interest totaling 4,277 shares, a decline of 57.8% from the December 15th total of 10,134 shares. Currently, 0.3% of the shares of the company are sold short. Based on an average daily volume of 8,628 shares, the days-to-cover ratio is currently 0.5 days. Based on an average daily volume of 8,628 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.3% of the shares of the company are sold short.

Invesco Investment Grade Defensive ETF Stock Up 0.1%

Shares of NYSEARCA:IIGD traded up $0.02 on Wednesday, reaching $24.89. 3,300 shares of the company’s stock were exchanged, compared to its average volume of 3,900. The business’s 50-day moving average is $24.86 and its two-hundred day moving average is $24.81. Invesco Investment Grade Defensive ETF has a fifty-two week low of $23.92 and a fifty-two week high of $25.08.

Hedge Funds Weigh In On Invesco Investment Grade Defensive ETF

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Flow Traders U.S. LLC acquired a new stake in shares of Invesco Investment Grade Defensive ETF during the 3rd quarter worth approximately $846,000. Scotia Capital Inc. boosted its position in Invesco Investment Grade Defensive ETF by 58.1% during the 2nd quarter. Scotia Capital Inc. now owns 60,672 shares of the company’s stock valued at $1,498,000 after purchasing an additional 22,304 shares during the period. Integrity Alliance LLC. grew its stake in Invesco Investment Grade Defensive ETF by 33.6% during the 2nd quarter. Integrity Alliance LLC. now owns 84,982 shares of the company’s stock worth $2,098,000 after buying an additional 21,390 shares during the last quarter. Trilogy Capital Inc. increased its position in 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 worth $718,000 after buying an additional 12,299 shares during the period. Finally, Collier Financial acquired a new stake in Invesco Investment Grade Defensive ETF in the third quarter worth $160,000.

About Invesco Investment Grade Defensive ETF

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.