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

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

Institutional Trading of Invesco Fundamental Investment Grade Corporate Bond ETF

Several institutional investors have recently added to or reduced their stakes in the business. Eclectic Associates Inc. ADV bought a new position in shares of Invesco Fundamental Investment Grade Corporate Bond ETF in the 4th quarter worth about $693,000. Truist Financial Corp grew its position in shares of Invesco Fundamental Investment Grade Corporate Bond ETF by 27.0% during the 4th quarter. Truist Financial Corp now owns 209,109 shares of the company’s stock valued at $5,079,000 after buying an additional 44,395 shares during the last quarter. Bank of New York Mellon Corp grew its position in shares of Invesco Fundamental Investment Grade Corporate Bond ETF by 11.5% during the 1st quarter. Bank of New York Mellon Corp now owns 1,264,118 shares of the company’s stock valued at $30,377,000 after buying an additional 130,301 shares during the last quarter. Nikulski Financial Inc. raised its stake in Invesco Fundamental Investment Grade Corporate Bond ETF by 162.7% during the fourth quarter. Nikulski Financial Inc. now owns 71,805 shares of the company’s stock worth $1,744,000 after acquiring an additional 44,475 shares during the period. Finally, Breakwater Capital Group raised its stake in Invesco Fundamental Investment Grade Corporate Bond ETF by 7.7% during the first quarter. Breakwater Capital Group now owns 35,051 shares of the company’s stock worth $842,000 after acquiring an additional 2,519 shares during the period.

Invesco Fundamental Investment Grade Corporate Bond ETF Stock Performance

Shares of PFIG stock traded up $0.04 on Tuesday, hitting $23.70. 2,022 shares of the stock traded hands, compared to its average volume of 24,503. Invesco Fundamental Investment Grade Corporate Bond ETF has a 1-year low of $23.59 and a 1-year high of $24.59. The company’s fifty day moving average is $23.86 and its 200 day moving average is $24.06.

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.