Invesco Investment Grade Defensive ETF (NYSEARCA:IIGD) Shares Shorted: Short Interest Up 308.7% in September

Invesco Investment Grade Defensive ETF (NYSEARCA:IIGD) was the recipient of a large increase in short interest during the month of September. As of September 30th, there was short interest totaling 1,978 shares, an increase of 308.7% from the September 15th total of 484 shares. Based on an average daily volume of 2,977 shares, the days-to-cover ratio is presently 0.7 days. Approximately 0.2% of the shares of the stock are short sold.

Invesco Investment Grade Defensive ETF Stock Performance

IIGD stock remained flat at $23.90 during midday trading on Friday. The company’s stock had a trading volume of 5,465 shares, compared to its average volume of 6,164. The firm has a 50-day moving average price of $24.14 and a two-hundred day moving average price of $24.38. Invesco Investment Grade Defensive ETF has a 12 month low of $23.76 and a 12 month high of $24.99.

Institutional Investors Weigh In On Invesco Investment Grade Defensive ETF

A number of large investors have recently modified their holdings of IIGD. Citadel Advisors LLC grew its holdings in Invesco Investment Grade Defensive ETF by 137.1% in the 2nd quarter. Citadel Advisors LLC now owns 57,170 shares of the company’s stock valued at $1,398,000 after buying an additional 33,057 shares in the last quarter. Core Wealth Advisors Inc. increased its stake in shares of Invesco Investment Grade Defensive ETF by 64.9% in the 1st quarter. Core Wealth Advisors Inc. now owns 62,255 shares of the company’s stock worth $1,531,000 after acquiring an additional 24,494 shares during the last quarter. Finally, Trilogy Capital Inc. increased its stake in shares of Invesco Investment Grade Defensive ETF by 14.5% in the 1st 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 last quarter.

Invesco Investment Grade Defensive ETF Company Profile

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.