Invesco Investment Grade Defensive ETF (NYSEARCA:IIGD – Get Free Report) was the target of a large increase in short interest in September. As of September 30th, there was short interest totaling 1,978 shares, an increase of 308.7% from the September 15th total of 484 shares. Currently, 0.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 2,977 shares, the short-interest ratio is currently 0.7 days.
Invesco Investment Grade Defensive ETF Price Performance
Shares of NYSEARCA:IIGD opened at $23.90 on Tuesday. Invesco Investment Grade Defensive ETF has a 12 month low of $23.76 and a 12 month high of $24.99. The company’s 50-day moving average price is $24.14 and its two-hundred day moving average price is $24.37.
Hedge Funds Weigh In On Invesco Investment Grade Defensive ETF
A number of institutional investors have recently modified their holdings of the stock. Trilogy Capital Inc. grew its stake in shares of Invesco Investment Grade Defensive ETF by 14.5% during the first quarter. Trilogy Capital Inc. now owns 33,124 shares of the company’s stock valued at $815,000 after purchasing an additional 4,200 shares during the last quarter. Core Wealth Advisors Inc. increased its holdings in shares of Invesco Investment Grade Defensive ETF by 64.9% in the first quarter. Core Wealth Advisors Inc. now owns 62,255 shares of the company’s stock valued at $1,531,000 after purchasing an additional 24,494 shares in the last quarter. Finally, Citadel Advisors LLC raised its position in Invesco Investment Grade Defensive ETF by 137.1% in the 2nd quarter. Citadel Advisors LLC now owns 57,170 shares of the company’s stock worth $1,398,000 after purchasing an additional 33,057 shares during the last quarter.
Invesco Investment Grade Defensive ETF Company Profile
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.
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