Invesco Investment Grade Defensive ETF (NYSEARCA:IIGD) Stock Short Interest Drops 87.5%

Invesco Investment Grade Defensive ETF (NYSEARCA:IIGD) was the recipient of a large drop in short interest during the month of October. As of October 30th, there was short interest totaling 621 shares, a drop of 87.5% from the October 15th total of 4,955 shares. Based on an average daily trading volume, of 4,313 shares, the short-interest ratio is currently 0.1 days. Approximately 0.1% of the company’s shares are short sold.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of IIGD. HighTower Advisors LLC purchased a new stake in shares of Invesco Investment Grade Defensive ETF in the third quarter worth about $381,000. Citadel Advisors LLC raised its holdings in shares of Invesco Investment Grade Defensive ETF by 137.1% during the 2nd quarter. Citadel Advisors LLC now owns 57,170 shares of the company’s stock valued at $1,398,000 after buying an additional 33,057 shares during the period. Finally, Core Wealth Advisors Inc. raised its holdings in shares of Invesco Investment Grade Defensive ETF by 64.9% during the 1st quarter. Core Wealth Advisors Inc. now owns 62,255 shares of the company’s stock valued at $1,531,000 after buying an additional 24,494 shares during the period.

Invesco Investment Grade Defensive ETF Stock Down 0.0%

Shares of NYSEARCA IIGD traded down $0.01 during trading on Friday, hitting $23.90. 9,357 shares of the company traded hands, compared to its average volume of 6,097. The company has a 50-day moving average price of $23.97 and a 200-day moving average price of $24.41. Invesco Investment Grade Defensive ETF has a 1 year low of $23.76 and a 1 year high of $24.98.

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.