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) saw a significant decline in short interest in May. As of May 29th, there was short interest totaling 945 shares, a decline of 90.4% from the May 14th total of 9,793 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 29,323 shares, the days-to-cover ratio is currently 0.0 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Bank of New York Mellon Corp lifted its stake in shares of Invesco Fundamental Investment Grade Corporate Bond ETF by 11.5% during the first quarter. Bank of New York Mellon Corp now owns 1,264,118 shares of the company’s stock worth $30,377,000 after purchasing an additional 130,301 shares in the last quarter. LPL Financial LLC increased its position in shares of Invesco Fundamental Investment Grade Corporate Bond ETF by 28.8% during the fourth quarter. LPL Financial LLC now owns 478,311 shares of the company’s stock worth $11,617,000 after acquiring an additional 106,911 shares during the last quarter. Arkadios Wealth Advisors increased its position in shares of Invesco Fundamental Investment Grade Corporate Bond ETF by 182.1% during the first quarter. Arkadios Wealth Advisors now owns 279,432 shares of the company’s stock worth $6,715,000 after acquiring an additional 180,363 shares during the last quarter. Ameriprise Financial Inc. increased its position in shares of Invesco Fundamental Investment Grade Corporate Bond ETF by 8.9% during the third quarter. Ameriprise Financial Inc. now owns 270,980 shares of the company’s stock worth $6,554,000 after acquiring an additional 22,067 shares during the last quarter. Finally, Truist Financial Corp increased its position in shares of Invesco Fundamental Investment Grade Corporate Bond ETF by 27.0% during the fourth quarter. Truist Financial Corp now owns 209,109 shares of the company’s stock worth $5,079,000 after acquiring an additional 44,395 shares during the last quarter.

Invesco Fundamental Investment Grade Corporate Bond ETF Trading Up 0.2%

Shares of PFIG traded up $0.04 during midday trading on Tuesday, reaching $23.88. 5,465 shares of the company were exchanged, compared to its average volume of 27,404. The stock has a 50-day moving average price of $24.00 and a 200-day moving average price of $24.17. Invesco Fundamental Investment Grade Corporate Bond ETF has a 1-year low of $23.69 and a 1-year high of $26.96.

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.