Invesco Fundamental Investment Grade Corporate Bond ETF (NYSEARCA:PFIG) Sees Significant Increase in Short Interest

Invesco Fundamental Investment Grade Corporate Bond ETF (NYSEARCA:PFIG) was the recipient of a large increase in short interest in January. As of January 30th, there was short interest totaling 37,740 shares, an increase of 77.6% from the January 15th total of 21,246 shares. Approximately 0.9% of the shares of the company are sold short. Based on an average daily trading volume, of 23,644 shares, the days-to-cover ratio is currently 1.6 days. Based on an average daily trading volume, of 23,644 shares, the days-to-cover ratio is currently 1.6 days. Approximately 0.9% of the shares of the company are sold short.

Invesco Fundamental Investment Grade Corporate Bond ETF Stock Up 0.2%

Shares of PFIG traded up $0.04 during midday trading on Friday, reaching $24.45. 35,401 shares of the stock were exchanged, compared to its average volume of 34,233. The stock’s 50 day simple moving average is $24.30 and its 200 day simple moving average is $24.27. Invesco Fundamental Investment Grade Corporate Bond ETF has a twelve month low of $22.64 and a twelve month high of $26.96.

Invesco Fundamental Investment Grade Corporate Bond ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, January 23rd. Shareholders of record on Tuesday, January 20th were given a dividend of $0.0876 per share. This represents a c) dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date was Tuesday, January 20th. This is a boost from Invesco Fundamental Investment Grade Corporate Bond ETF’s previous monthly dividend of $0.09.

Institutional Investors Weigh In On Invesco Fundamental Investment Grade Corporate Bond ETF

Several institutional investors have recently made changes to their positions in PFIG. Osaic Holdings Inc. increased its stake in Invesco Fundamental Investment Grade Corporate Bond ETF by 314.9% during the 2nd quarter. Osaic Holdings Inc. now owns 2,282 shares of the company’s stock worth $55,000 after acquiring an additional 1,732 shares during the period. Nikulski Financial Inc. acquired a new stake in Invesco Fundamental Investment Grade Corporate Bond ETF during the second quarter worth about $340,000. JPMorgan Chase & Co. bought a new position in Invesco Fundamental Investment Grade Corporate Bond ETF in the 2nd quarter valued at about $375,000. Royal Bank of Canada raised its position in shares of Invesco Fundamental Investment Grade Corporate Bond ETF by 6.9% in the 1st quarter. Royal Bank of Canada now owns 16,147 shares of the company’s stock valued at $384,000 after buying an additional 1,039 shares in the last quarter. Finally, Cetera Investment Advisers lifted its holdings in shares of Invesco Fundamental Investment Grade Corporate Bond ETF by 96.6% during the 2nd quarter. Cetera Investment Advisers now owns 18,986 shares of the company’s stock worth $457,000 after acquiring an additional 9,330 shares during the period.

Invesco Fundamental Investment Grade Corporate Bond ETF Company Profile

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.