Invesco Investment Grade Defensive ETF (NYSEARCA:IIGD) Shares Shorted: Short Interest Up 150.5% in October

Invesco Investment Grade Defensive ETF (NYSEARCA:IIGD) saw a significant growth in short interest in October. As of October 15th, there was short interest totaling 4,955 shares, a growth of 150.5% from the September 30th total of 1,978 shares. Based on an average daily trading volume, of 16,477 shares, the short-interest ratio is presently 0.3 days. Approximately 0.5% of the shares of the stock are short sold.

Invesco Investment Grade Defensive ETF Price Performance

NYSEARCA:IIGD traded up $0.03 during trading hours on Friday, reaching $24.03. The company’s stock had a trading volume of 307 shares, compared to its average volume of 6,155. The firm has a 50-day simple moving average of $24.02 and a 200-day simple moving average of $24.45. Invesco Investment Grade Defensive ETF has a 1 year low of $23.76 and a 1 year high of $24.98.

Institutional Trading of Invesco Investment Grade Defensive ETF

An institutional investor recently raised its position in Invesco Investment Grade Defensive ETF stock. Citadel Advisors LLC boosted its holdings in Invesco Investment Grade Defensive ETF (NYSEARCA:IIGD) by 137.1% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 57,170 shares of the company’s stock after buying an additional 33,057 shares during the quarter. Citadel Advisors LLC owned 5.20% of Invesco Investment Grade Defensive ETF worth $1,398,000 at the end of the most recent 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.