Short Interest in Invesco Fundamental Investment Grade Corporate Bond ETF (NYSEARCA:PFIG) Drops By 65.5%

Invesco Fundamental Investment Grade Corporate Bond ETF (NYSEARCA:PFIG) was the recipient of a large drop in short interest in December. As of December 15th, there was short interest totaling 6,386 shares, a drop of 65.5% from the November 30th total of 18,537 shares. Based on an average daily volume of 13,936 shares, the short-interest ratio is currently 0.5 days. Approximately 0.2% of the shares of the stock are short sold. Approximately 0.2% of the shares of the stock are short sold. Based on an average daily volume of 13,936 shares, the short-interest ratio is currently 0.5 days.

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

A number of hedge funds have recently added to or reduced their stakes in the stock. Bank of America Corp DE increased its position in Invesco Fundamental Investment Grade Corporate Bond ETF by 8.3% in the 3rd quarter. Bank of America Corp DE now owns 45,993 shares of the company’s stock valued at $1,115,000 after acquiring an additional 3,539 shares in the last quarter. Ameriprise Financial Inc. increased its holdings in shares of Invesco Fundamental Investment Grade Corporate Bond ETF by 8.9% in the third quarter. Ameriprise Financial Inc. now owns 270,980 shares of the company’s stock valued at $6,554,000 after purchasing an additional 22,067 shares in the last quarter. Breakwater Capital Group raised its position in Invesco Fundamental Investment Grade Corporate Bond ETF by 14.7% in the 3rd quarter. Breakwater Capital Group now owns 44,215 shares of the company’s stock worth $1,072,000 after purchasing an additional 5,660 shares during the last quarter. Nikulski Financial Inc. raised its position in Invesco Fundamental Investment Grade Corporate Bond ETF by 93.6% in the 3rd quarter. Nikulski Financial Inc. now owns 27,330 shares of the company’s stock worth $662,000 after purchasing an additional 13,215 shares during the last quarter. Finally, Jones Financial Companies Lllp lifted its holdings in Invesco Fundamental Investment Grade Corporate Bond ETF by 7.9% during the 3rd quarter. Jones Financial Companies Lllp now owns 55,691 shares of the company’s stock worth $1,346,000 after buying an additional 4,073 shares in the last quarter.

Invesco Fundamental Investment Grade Corporate Bond ETF Price Performance

Invesco Fundamental Investment Grade Corporate Bond ETF stock opened at $24.30 on Friday. The business’s fifty day moving average is $24.29 and its two-hundred day moving average is $24.19. Invesco Fundamental Investment Grade Corporate Bond ETF has a 52 week low of $22.64 and a 52 week high of $26.96.

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.