Invesco Investment Grade Defensive ETF (NYSEARCA:IIGD) Sees Significant Decline in Short Interest

Invesco Investment Grade Defensive ETF (NYSEARCA:IIGD) saw a large decline in short interest in September. As of September 15th, there was short interest totaling 484 shares, a decline of 73.3% from the August 31st total of 1,812 shares. Based on an average daily trading volume, of 6,033 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the shares of the stock are sold short.

Invesco Investment Grade Defensive ETF Stock Up 0.1%

Shares of NYSEARCA:IIGD opened at $23.84 on Friday. Invesco Investment Grade Defensive ETF has a 1 year low of $23.81 and a 1 year high of $24.99. The business’s 50 day moving average price is $24.24 and its 200-day moving average price is $24.44.

Hedge Funds Weigh In On Invesco Investment Grade Defensive ETF

Several hedge funds and other institutional investors have recently modified their holdings of IIGD. Trilogy Capital Inc. raised its holdings in Invesco Investment Grade Defensive ETF by 14.5% in the 1st quarter. Trilogy Capital Inc. now owns 33,124 shares of the company’s stock valued at $815,000 after acquiring an additional 4,200 shares during the last quarter. Citadel Advisors LLC raised its stake in Invesco Investment Grade Defensive ETF by 137.1% during the second quarter. Citadel Advisors LLC now owns 57,170 shares of the company’s stock worth $1,398,000 after purchasing an additional 33,057 shares during the period. Finally, Core Wealth Advisors Inc. raised its position in shares of Invesco Investment Grade Defensive ETF by 64.9% during the 1st quarter. Core Wealth Advisors Inc. now owns 62,255 shares of the company’s stock valued at $1,531,000 after buying an additional 24,494 shares during the period.

Invesco Investment Grade Defensive ETF Company Profile

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.