Invesco Fundamental Investment Grade Corporate Bond ETF (NYSEARCA:PFIG) Short Interest Update

Invesco Fundamental Investment Grade Corporate Bond ETF (NYSEARCA:PFIG) was the target of a significant growth in short interest in June. As of June 15th, there was short interest totaling 6,253 shares, a growth of 561.7% from the May 31st total of 945 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 9,522 shares, the days-to-cover ratio is presently 0.7 days.

Hedge Funds Weigh In On Invesco Fundamental Investment Grade Corporate Bond ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in PFIG. Osaic Holdings Inc. lifted its stake in shares of Invesco Fundamental Investment Grade Corporate Bond ETF by 314.9% in the 2nd quarter. Osaic Holdings Inc. now owns 2,282 shares of the company’s stock valued at $55,000 after acquiring an additional 1,732 shares during the last quarter. Western Wealth Management LLC acquired a new position in Invesco Fundamental Investment Grade Corporate Bond ETF in the 1st quarter worth about $77,000. Nikulski Financial Inc. bought a new position in Invesco Fundamental Investment Grade Corporate Bond ETF in the second quarter valued at about $340,000. JPMorgan Chase & Co. bought a new position in Invesco Fundamental Investment Grade Corporate Bond ETF in the second quarter valued at about $375,000. Finally, Royal Bank of Canada boosted its stake in shares of Invesco Fundamental Investment Grade Corporate Bond ETF by 6.9% during the first quarter. Royal Bank of Canada now owns 16,147 shares of the company’s stock valued at $384,000 after purchasing an additional 1,039 shares in the last quarter.

Invesco Fundamental Investment Grade Corporate Bond ETF Stock Performance

Invesco Fundamental Investment Grade Corporate Bond ETF stock traded up $0.02 during midday trading on Friday, reaching $23.95. The company’s stock had a trading volume of 15,672 shares, compared to its average volume of 25,713. Invesco Fundamental Investment Grade Corporate Bond ETF has a 52 week low of $23.69 and a 52 week high of $26.96. The business has a 50-day moving average price of $23.96 and a 200-day moving average price of $24.14.

About Invesco Fundamental Investment Grade Corporate Bond ETF

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.