Short Interest in Invesco Investment Grade Defensive ETF (NYSEARCA:IIGD) Grows By 3,675.0%

Invesco Investment Grade Defensive ETF (NYSEARCA:IIGD) saw a significant increase in short interest in August. As of August 31st, there was short interest totaling 1,812 shares, an increase of 3,675.0% from the August 15th total of 48 shares. Based on an average daily trading volume, of 2,507 shares, the short-interest ratio is presently 0.7 days. Approximately 0.2% of the shares of the stock are short sold.

Invesco Investment Grade Defensive ETF Trading Down 0.1%

IIGD stock opened at $24.06 on Friday. The firm has a 50 day moving average of $24.33 and a 200-day moving average of $24.50. Invesco Investment Grade Defensive ETF has a 12-month low of $24.06 and a 12-month high of $25.08.

Hedge Funds Weigh In On Invesco Investment Grade Defensive ETF

Several hedge funds and other institutional investors have recently bought and sold shares of IIGD. JPMorgan Chase & Co. purchased a new stake in Invesco Investment Grade Defensive ETF during the second quarter worth $61,000. Raymond James Financial Inc. purchased a new position in shares of Invesco Investment Grade Defensive ETF in the second quarter valued at $65,000. Osaic Holdings Inc. raised its stake in shares of Invesco Investment Grade Defensive ETF by 96.3% during the 2nd quarter. Osaic Holdings Inc. now owns 12,764 shares of the company’s stock worth $315,000 after buying an additional 6,262 shares during the last quarter. Jane Street Group LLC raised its stake in shares of Invesco Investment Grade Defensive ETF by 9.4% during the 2nd quarter. Jane Street Group LLC now owns 15,579 shares of the company’s stock worth $385,000 after buying an additional 1,333 shares during the last quarter. Finally, Trilogy Capital Inc. raised its stake in shares of Invesco Investment Grade Defensive ETF by 14.5% during the 1st quarter. Trilogy Capital Inc. now owns 33,124 shares of the company’s stock worth $815,000 after buying an additional 4,200 shares during the last 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.