Invesco Investment Grade Defensive ETF (NYSEARCA:IIGD) Short Interest Update

Invesco Investment Grade Defensive ETF (NYSEARCA:IIGD) was the recipient of a large growth in short interest during the month of May. As of May 31st, there was short interest totalling 29,800 shares, a growth of 313.9% from the May 15th total of 7,200 shares. Based on an average daily trading volume, of 8,200 shares, the short-interest ratio is presently 3.6 days. Approximately 2.8% of the shares of the company are short sold.

Invesco Investment Grade Defensive ETF Stock Performance

Shares of NYSEARCA IIGD opened at $24.57 on Friday. Invesco Investment Grade Defensive ETF has a twelve month low of $23.91 and a twelve month high of $24.90. The stock’s 50 day moving average price is $24.48 and its 200-day moving average price is $24.38.

Hedge Funds Weigh In On Invesco Investment Grade Defensive ETF

A number of hedge funds and other institutional investors have recently modified their holdings of IIGD. Copia Wealth Management purchased a new position in Invesco Investment Grade Defensive ETF in the fourth quarter valued at approximately $77,000. Essential Planning LLC. purchased a new position in Invesco Investment Grade Defensive ETF in the fourth quarter valued at approximately $384,000. Scotia Capital Inc. lifted its stake in Invesco Investment Grade Defensive ETF by 8.2% in the fourth quarter. Scotia Capital Inc. now owns 45,002 shares of the company’s stock valued at $1,090,000 after purchasing an additional 3,405 shares during the last quarter. NewEdge Advisors LLC lifted its stake in Invesco Investment Grade Defensive ETF by 2.9% in the fourth quarter. NewEdge Advisors LLC now owns 51,992 shares of the company’s stock valued at $1,259,000 after purchasing an additional 1,465 shares during the last quarter. Finally, Integrity Alliance LLC. purchased a new position in Invesco Investment Grade Defensive ETF in the first quarter valued at approximately $1,558,000.

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.