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

Invesco Fundamental Investment Grade Corporate Bond ETF (NYSEARCA:PFIG) saw a large decline in short interest during the month of July. As of July 15th, there was short interest totaling 4,034 shares, a decline of 61.8% from the June 30th total of 10,572 shares. Based on an average daily volume of 18,247 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.1% of the shares of the stock are sold short.

Invesco Fundamental Investment Grade Corporate Bond ETF Trading Down 0.1%

PFIG stock opened at $23.64 on Wednesday. The firm has a 50-day moving average of $23.86 and a two-hundred day moving average of $24.06. Invesco Fundamental Investment Grade Corporate Bond ETF has a 12 month low of $23.59 and a 12 month high of $24.59.

Institutional Trading of Invesco Fundamental Investment Grade Corporate Bond ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. Osaic Holdings Inc. boosted its position in shares of Invesco Fundamental Investment Grade Corporate Bond ETF by 314.9% during the 2nd quarter. Osaic Holdings Inc. now owns 2,282 shares of the company’s stock valued at $55,000 after acquiring an additional 1,732 shares during the last quarter. Western Wealth Management LLC acquired a new stake in Invesco Fundamental Investment Grade Corporate Bond ETF during the first quarter worth about $77,000. Nikulski Financial Inc. acquired a new stake in Invesco Fundamental Investment Grade Corporate Bond ETF during the second quarter worth about $340,000. JPMorgan Chase & Co. acquired a new stake in Invesco Fundamental Investment Grade Corporate Bond ETF during the second quarter worth about $375,000. Finally, Royal Bank of Canada raised its stake in 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 during the period.

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.