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

Invesco Fundamental Investment Grade Corporate Bond ETF (NYSEARCA:PFIG) saw a large increase in short interest during the month of 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. Based on an average trading volume of 9,522 shares, the days-to-cover ratio is currently 0.7 days. Approximately 0.1% of the shares of the company are short sold.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in PFIG. Eclectic Associates Inc. ADV purchased a new stake in shares of Invesco Fundamental Investment Grade Corporate Bond ETF in the 4th quarter valued at about $693,000. Truist Financial Corp increased its position in shares of Invesco Fundamental Investment Grade Corporate Bond ETF by 27.0% in the fourth 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 during the last quarter. Nikulski Financial Inc. raised its stake in Invesco Fundamental Investment Grade Corporate Bond ETF by 162.7% in the fourth quarter. Nikulski Financial Inc. now owns 71,805 shares of the company’s stock valued at $1,744,000 after purchasing an additional 44,475 shares in the last quarter. Arkadios Wealth Advisors lifted its position in 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. Finally, Cetera Investment Advisers increased its holdings in shares of Invesco Fundamental Investment Grade Corporate Bond ETF by 30.2% in the 1st quarter. Cetera Investment Advisers now owns 55,356 shares of the company’s stock worth $1,330,000 after buying an additional 12,834 shares during the last quarter.

Invesco Fundamental Investment Grade Corporate Bond ETF Stock Up 0.1%

Invesco Fundamental Investment Grade Corporate Bond ETF stock traded up $0.03 during mid-day trading on Friday, reaching $23.96. The company’s stock had a trading volume of 3,728 shares, compared to its average volume of 25,592. The firm’s fifty day moving average price is $23.96 and its two-hundred day moving average price is $24.14. Invesco Fundamental Investment Grade Corporate Bond ETF has a 12-month low of $23.69 and a 12-month high of $26.96.

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.