Invesco Fundamental Investment Grade Corporate Bond ETF (NYSEARCA:PFIG) Stock Short Interest Report for September

Invesco Fundamental Investment Grade Corporate Bond ETF (NYSEARCA:PFIG) was the target of a large increase in short interest in September. As of September 30th, there was short interest totaling 20,699 shares, an increase of 130.4% from the September 15th total of 8,983 shares. Currently, 0.4% of the company’s stock are short sold. Based on an average daily volume of 50,105 shares, the short-interest ratio is currently 0.4 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in PFIG. Arkadios Wealth Advisors increased its holdings in Invesco Fundamental Investment Grade Corporate Bond ETF by 182.1% in the 1st quarter. Arkadios Wealth Advisors now owns 279,432 shares of the company’s stock worth $6,715,000 after buying an additional 180,363 shares during the period. Bank of New York Mellon Corp raised its position in Invesco Fundamental Investment Grade Corporate Bond ETF by 11.5% during the 1st quarter. Bank of New York Mellon Corp now owns 1,264,118 shares of the company’s stock worth $30,377,000 after buying an additional 130,301 shares during the last quarter. Eclectic Associates Inc. ADV acquired a new stake in Invesco Fundamental Investment Grade Corporate Bond ETF during the 3rd quarter valued at approximately $1,629,000. Citadel Advisors LLC acquired a new stake in Invesco Fundamental Investment Grade Corporate Bond ETF during the 2nd quarter valued at approximately $1,156,000. Finally, Cetera Investment Advisers lifted its stake in Invesco Fundamental Investment Grade Corporate Bond ETF by 30.2% during the 1st quarter. Cetera Investment Advisers now owns 55,356 shares of the company’s stock valued at $1,330,000 after acquiring an additional 12,834 shares during the period.

Invesco Fundamental Investment Grade Corporate Bond ETF Stock Performance

Shares of NYSEARCA:PFIG remained flat at $23.17 during trading hours on Wednesday. 16,792 shares of the stock traded hands, compared to its average volume of 28,682. The company’s 50 day moving average is $23.44 and its two-hundred day moving average is $23.75. Invesco Fundamental Investment Grade Corporate Bond ETF has a twelve month low of $22.93 and a twelve month high of $25.83.

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.