Short Interest in Invesco Fundamental High Yield Corporate Bond ETF (NYSEARCA:PHB) Rises By 101.3%

Invesco Fundamental High Yield Corporate Bond ETF (NYSEARCA:PHB) was the target of a large increase in short interest in December. As of December 15th, there was short interest totaling 14,237 shares, an increase of 101.3% from the November 30th total of 7,074 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily volume of 127,446 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily volume of 127,446 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.1% of the company’s stock are short sold.

Invesco Fundamental High Yield Corporate Bond ETF Price Performance

NYSEARCA:PHB traded down $0.01 during mid-day trading on Friday, reaching $18.60. The company’s stock had a trading volume of 46,073 shares, compared to its average volume of 112,368. The firm’s fifty day moving average price is $18.58 and its two-hundred day moving average price is $18.51. Invesco Fundamental High Yield Corporate Bond ETF has a 12-month low of $17.33 and a 12-month high of $18.73.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Simplex Trading LLC purchased a new position in shares of Invesco Fundamental High Yield Corporate Bond ETF in the 2nd quarter worth approximately $64,000. Ameritas Advisory Services LLC acquired a new stake in shares of Invesco Fundamental High Yield Corporate Bond ETF in the second quarter valued at approximately $129,000. Strategic Advocates LLC purchased a new stake in Invesco Fundamental High Yield Corporate Bond ETF in the third quarter valued at $146,000. Banque Cantonale Vaudoise lifted its stake in Invesco Fundamental High Yield Corporate Bond ETF by 5.9% during the third quarter. Banque Cantonale Vaudoise now owns 11,480 shares of the company’s stock worth $213,000 after purchasing an additional 642 shares in the last quarter. Finally, Tcfg Wealth Management LLC purchased a new stake in shares of Invesco Fundamental High Yield Corporate Bond ETF during the second quarter worth $220,000.

About Invesco Fundamental High Yield Corporate Bond ETF

The Invesco Fundamental High Yield Corporate Bond ETF (PHB) is an exchange-traded fund that is based on the RAFI Bonds US High Yield 1-10 index. The fund tracks a fundamental-weighted index of high-yield US corporate bonds that must be rated between B3\u002FB- and Ba1\u002FBB+. PHB was launched on Nov 15, 2007 and is managed by Invesco.