Invesco Fundamental Investment Grade Corporate Bond ETF (NYSEARCA:PFIG) Short Interest Down 90.4% in May

Invesco Fundamental Investment Grade Corporate Bond ETF (NYSEARCA:PFIG) was the recipient of a significant drop in short interest during the month of May. As of May 29th, there was short interest totaling 945 shares, a drop of 90.4% from the May 14th total of 9,793 shares. Based on an average trading volume of 29,323 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the company’s shares are short sold.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PFIG. Royal Bank of Canada boosted its holdings in Invesco Fundamental Investment Grade Corporate Bond ETF by 6.9% in the first quarter. Royal Bank of Canada now owns 16,147 shares of the company’s stock valued at $384,000 after acquiring an additional 1,039 shares during the last quarter. Cetera Investment Advisers lifted its stake in shares of Invesco Fundamental Investment Grade Corporate Bond ETF by 96.6% during the second quarter. Cetera Investment Advisers now owns 18,986 shares of the company’s stock worth $457,000 after purchasing an additional 9,330 shares in the last quarter. JPMorgan Chase & Co. acquired a new position in shares of Invesco Fundamental Investment Grade Corporate Bond ETF during the second quarter worth about $375,000. Jane Street Group LLC acquired a new position in shares of Invesco Fundamental Investment Grade Corporate Bond ETF during the second quarter worth about $1,475,000. Finally, Ameriprise Financial Inc. lifted its stake in shares of Invesco Fundamental Investment Grade Corporate Bond ETF by 52.0% during the second quarter. Ameriprise Financial Inc. now owns 248,913 shares of the company’s stock worth $5,990,000 after purchasing an additional 85,179 shares in the last quarter.

Invesco Fundamental Investment Grade Corporate Bond ETF Price Performance

Invesco Fundamental Investment Grade Corporate Bond ETF stock traded up $0.04 during midday trading on Tuesday, reaching $23.88. The stock had a trading volume of 5,465 shares, compared to its average volume of 27,404. Invesco Fundamental Investment Grade Corporate Bond ETF has a twelve month low of $23.69 and a twelve month high of $26.96. The stock’s 50-day simple moving average is $24.00 and its 200 day simple moving average is $24.17.

Invesco Fundamental Investment Grade Corporate Bond ETF Company Profile

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.