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 significant increase in short interest in the month of December. As of December 31st, there was short interest totaling 7,975 shares, an increase of 24.9% from the December 15th total of 6,386 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average daily volume of 20,735 shares, the short-interest ratio is presently 0.4 days. Based on an average daily volume of 20,735 shares, the short-interest ratio is presently 0.4 days. Currently, 0.2% of the company’s stock are short sold.

Institutional Trading of Invesco Fundamental Investment Grade Corporate Bond ETF

Hedge funds have recently added to or reduced their stakes in the company. Osaic Holdings Inc. lifted its stake in Invesco Fundamental Investment Grade Corporate Bond ETF by 314.9% in the second quarter. Osaic Holdings Inc. now owns 2,282 shares of the company’s stock worth $55,000 after acquiring an additional 1,732 shares during the last quarter. Nikulski Financial Inc. purchased a new stake in shares of Invesco Fundamental Investment Grade Corporate Bond ETF during the 2nd quarter worth $340,000. JPMorgan Chase & Co. purchased a new stake in shares of Invesco Fundamental Investment Grade Corporate Bond ETF during the 2nd quarter worth $375,000. Royal Bank of Canada grew its stake in shares of Invesco Fundamental Investment Grade Corporate Bond ETF by 6.9% during the first quarter. Royal Bank of Canada now owns 16,147 shares of the company’s stock worth $384,000 after purchasing an additional 1,039 shares in the last quarter. Finally, Cetera Investment Advisers grew its stake in shares of Invesco Fundamental Investment Grade Corporate Bond ETF by 96.6% during the second quarter. Cetera Investment Advisers now owns 18,986 shares of the company’s stock worth $457,000 after purchasing an additional 9,330 shares in the last quarter.

Invesco Fundamental Investment Grade Corporate Bond ETF Price Performance

NYSEARCA PFIG traded down $0.04 during trading hours on Friday, hitting $24.29. 62,635 shares of the company were exchanged, compared to its average volume of 45,594. The company has a 50 day moving average of $24.30 and a two-hundred day moving average of $24.23. Invesco Fundamental Investment Grade Corporate Bond ETF has a 52-week low of $22.64 and a 52-week high of $26.96.

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.