Invesco Investment Grade Defensive ETF (NYSEARCA:IIGD) Sees Significant Growth in Short Interest

Invesco Investment Grade Defensive ETF (NYSEARCA:IIGD) was the recipient of a large increase in short interest in the month of August. As of August 31st, there was short interest totaling 1,812 shares, an increase of 3,675.0% from the August 15th total of 48 shares. Based on an average daily trading volume, of 2,507 shares, the days-to-cover ratio is presently 0.7 days. Currently, 0.2% of the shares of the stock are short sold.

Invesco Investment Grade Defensive ETF Trading Down 0.4%

Shares of IIGD traded down $0.10 during midday trading on Thursday, hitting $24.09. The company’s stock had a trading volume of 21,404 shares, compared to its average volume of 5,868. The company’s fifty day simple moving average is $24.35 and its two-hundred day simple moving average is $24.51. Invesco Investment Grade Defensive ETF has a one year low of $24.09 and a one year high of $25.08.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. JPMorgan Chase & Co. acquired a new stake in Invesco Investment Grade Defensive ETF during the second quarter worth approximately $61,000. Raymond James Financial Inc. bought a new position in shares of Invesco Investment Grade Defensive ETF in the 2nd quarter worth $65,000. Osaic Holdings Inc. grew its position in Invesco Investment Grade Defensive ETF by 96.3% in the 2nd quarter. Osaic Holdings Inc. now owns 12,764 shares of the company’s stock valued at $315,000 after purchasing an additional 6,262 shares during the period. Jane Street Group LLC increased its position in shares of Invesco Investment Grade Defensive ETF by 9.4% during the second quarter. Jane Street Group LLC now owns 15,579 shares of the company’s stock worth $385,000 after acquiring an additional 1,333 shares in the last quarter. Finally, Trilogy Capital Inc. raised its position in Invesco Investment Grade Defensive ETF by 14.5% in the 1st quarter. Trilogy Capital Inc. now owns 33,124 shares of the company’s stock valued at $815,000 after buying an additional 4,200 shares during the last quarter.

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.