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

Invesco Fundamental Investment Grade Corporate Bond ETF (NYSEARCA:PFIG) was the target of a large increase in short interest in June. As of June 15th, there was short interest totaling 6,253 shares, an increase of 561.7% from the May 31st total of 945 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average trading volume of 9,522 shares, the days-to-cover ratio is currently 0.7 days.

Invesco Fundamental Investment Grade Corporate Bond ETF Trading Up 0.1%

Shares of PFIG traded up $0.03 on Friday, reaching $23.96. The stock had a trading volume of 3,728 shares, compared to its average volume of 25,592. Invesco Fundamental Investment Grade Corporate Bond ETF has a 12-month low of $23.69 and a 12-month high of $26.96. The company has a 50-day simple moving average of $23.96 and a 200-day simple moving average of $24.14.

Institutional Trading of Invesco Fundamental Investment Grade Corporate Bond ETF

A number of hedge funds and other institutional investors have recently modified their holdings of PFIG. Bank of New York Mellon Corp increased its stake in shares of Invesco Fundamental Investment Grade Corporate Bond ETF by 11.5% in the 1st quarter. Bank of New York Mellon Corp now owns 1,264,118 shares of the company’s stock worth $30,377,000 after acquiring an additional 130,301 shares in the last quarter. LPL Financial LLC increased its stake in shares of Invesco Fundamental Investment Grade Corporate Bond ETF by 28.8% during the fourth quarter. LPL Financial LLC now owns 478,311 shares of the company’s stock valued at $11,617,000 after purchasing an additional 106,911 shares in the last quarter. Arkadios Wealth Advisors lifted its holdings in shares of Invesco Fundamental Investment Grade Corporate Bond ETF by 182.1% during the first quarter. Arkadios Wealth Advisors now owns 279,432 shares of the company’s stock valued at $6,715,000 after purchasing an additional 180,363 shares during the last quarter. Ameriprise Financial Inc. boosted its position in shares of Invesco Fundamental Investment Grade Corporate Bond ETF by 8.9% in the 3rd quarter. Ameriprise Financial Inc. now owns 270,980 shares of the company’s stock worth $6,554,000 after purchasing an additional 22,067 shares in the last quarter. Finally, Truist Financial Corp boosted its position in shares of Invesco Fundamental Investment Grade Corporate Bond ETF by 27.0% in the 4th quarter. Truist Financial Corp now owns 209,109 shares of the company’s stock worth $5,079,000 after purchasing an additional 44,395 shares in the last quarter.

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.