Invesco Fundamental Investment Grade Corporate Bond ETF (NYSEARCA:PFIG) Sees Large Drop in Short Interest

Invesco Fundamental Investment Grade Corporate Bond ETF (NYSEARCA:PFIG) was the target of a significant drop in short interest in the month of October. As of October 15th, there was short interest totaling 9,294 shares, a drop of 55.1% from the September 30th total of 20,699 shares. Based on an average daily trading volume, of 14,074 shares, the short-interest ratio is currently 0.7 days. Approximately 0.2% of the shares of the company are short sold.

Institutional Trading of Invesco Fundamental Investment Grade Corporate Bond ETF

Several institutional investors have recently modified their holdings of the company. Western Wealth Management LLC acquired a new position in shares of Invesco Fundamental Investment Grade Corporate Bond ETF in the first quarter valued at $77,000. Envestnet Asset Management Inc. boosted its stake in Invesco Fundamental Investment Grade Corporate Bond ETF by 4.8% during the second quarter. Envestnet Asset Management Inc. now owns 11,993 shares of the company’s stock worth $287,000 after buying an additional 553 shares in the last quarter. Insight Advisors LLC PA boosted its stake in Invesco Fundamental Investment Grade Corporate Bond ETF by 2.1% during the first quarter. Insight Advisors LLC PA now owns 29,542 shares of the company’s stock worth $710,000 after buying an additional 619 shares in the last quarter. Breakwater Capital Group boosted its stake in Invesco Fundamental Investment Grade Corporate Bond ETF by 18.3% during the second quarter. Breakwater Capital Group now owns 41,472 shares of the company’s stock worth $992,000 after buying an additional 6,421 shares in the last quarter. Finally, Citadel Advisors LLC acquired a new stake in Invesco Fundamental Investment Grade Corporate Bond ETF during the second quarter worth $1,156,000.

Invesco Fundamental Investment Grade Corporate Bond ETF Trading Up 0.2%

PFIG traded up $0.05 on Friday, hitting $23.34. 58,846 shares of the stock traded hands, compared to its average volume of 28,708. Invesco Fundamental Investment Grade Corporate Bond ETF has a 52 week low of $22.93 and a 52 week high of $25.83. The business has a fifty day moving average price of $23.33 and a two-hundred day moving average price of $23.84.

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.