Invesco Investment Grade Defensive ETF (NYSEARCA:IIGD) Shares Shorted: Short Interest Up 308.7% in September

Invesco Investment Grade Defensive ETF (NYSEARCA:IIGD) was the recipient of a large increase in short interest in the month of September. As of September 30th, there was short interest totaling 1,978 shares, an increase of 308.7% from the September 15th total of 484 shares. Based on an average trading volume of 2,977 shares, the days-to-cover ratio is currently 0.7 days. Approximately 0.2% of the company’s shares are sold short.

Invesco Investment Grade Defensive ETF Stock Performance

Shares of IIGD stock remained flat at $23.90 during trading hours on Monday. 1,465 shares of the stock traded hands, compared to its average volume of 6,140. The firm has a 50 day moving average price of $24.14 and a 200 day moving average price of $24.37. Invesco Investment Grade Defensive ETF has a 12-month low of $23.76 and a 12-month high of $24.99.

Hedge Funds Weigh In On Invesco Investment Grade Defensive ETF

Hedge funds have recently bought and sold shares of the company. Citadel Advisors LLC increased its position in Invesco Investment Grade Defensive ETF by 137.1% in the 2nd quarter. Citadel Advisors LLC now owns 57,170 shares of the company’s stock valued at $1,398,000 after buying an additional 33,057 shares in the last quarter. Core Wealth Advisors Inc. boosted its holdings in Invesco Investment Grade Defensive ETF by 64.9% in the first quarter. Core Wealth Advisors Inc. now owns 62,255 shares of the company’s stock worth $1,531,000 after acquiring an additional 24,494 shares in the last quarter. Finally, Trilogy Capital Inc. boosted its holdings in Invesco Investment Grade Defensive ETF by 14.5% in the first quarter. Trilogy Capital Inc. now owns 33,124 shares of the company’s stock worth $815,000 after acquiring an additional 4,200 shares in the last quarter.

About Invesco Investment Grade Defensive ETF

The Invesco Investment Grade Defensive ETF (IIGD) is an exchange-traded fund that is based on the Invesco Investment Grade Defensive index. The fund tracks a market value-weighted index of investment-grade corporate bonds of intermediate maturities. IIGD was launched on Jul 25, 2018 and is managed by Invesco.