Short Interest in Invesco Fundamental Investment Grade Corporate Bond ETF (NYSEARCA:PFIG) Drops By 93.9%

Invesco Fundamental Investment Grade Corporate Bond ETF (NYSEARCA:PFIG) saw a significant decline in short interest in the month of March. As of March 13th, there was short interest totaling 2,182 shares, a decline of 93.9% from the February 26th total of 35,504 shares. Based on an average trading volume of 48,687 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.1% of the shares of the company are short sold. Approximately 0.1% of the shares of the company are short sold. Based on an average trading volume of 48,687 shares, the days-to-cover ratio is currently 0.0 days.

Institutional Investors Weigh In On Invesco Fundamental Investment Grade Corporate Bond ETF

A number of institutional investors have recently added to or reduced their stakes in PFIG. Osaic Holdings Inc. increased its stake in shares of Invesco Fundamental Investment Grade Corporate Bond ETF by 314.9% in the 2nd 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 position in shares of Invesco Fundamental Investment Grade Corporate Bond ETF during the 2nd quarter worth $340,000. JPMorgan Chase & Co. purchased a new position in shares of Invesco Fundamental Investment Grade Corporate Bond ETF during the 2nd quarter worth $375,000. Royal Bank of Canada increased its position in shares of Invesco Fundamental Investment Grade Corporate Bond ETF by 6.9% during the 1st 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 during the last quarter. Finally, Cetera Investment Advisers increased its position in shares of Invesco Fundamental Investment Grade Corporate Bond ETF by 96.6% during the 2nd quarter. Cetera Investment Advisers now owns 18,986 shares of the company’s stock worth $457,000 after purchasing an additional 9,330 shares during the last quarter.

Invesco Fundamental Investment Grade Corporate Bond ETF Price Performance

Shares of NYSEARCA PFIG traded up $0.05 during midday trading on Wednesday, reaching $23.95. 5,654 shares of the stock were exchanged, compared to its average volume of 31,661. Invesco Fundamental Investment Grade Corporate Bond ETF has a twelve month low of $22.64 and a twelve month high of $26.96. The firm has a 50-day simple moving average of $24.26 and a two-hundred day simple moving average of $24.29.

Invesco Fundamental Investment Grade Corporate Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, February 27th. Stockholders of record on Monday, February 23rd were given a dividend of $0.0829 per share. The ex-dividend date was Monday, February 23rd. This represents a c) dividend on an annualized basis and a dividend yield of 4.2%.

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.