Short Interest in Invesco Fundamental Investment Grade Corporate Bond ETF (NYSEARCA:PFIG) Expands By 166.4%

Invesco Fundamental Investment Grade Corporate Bond ETF (NYSEARCA:PFIG) saw a significant growth in short interest during the month of January. As of January 15th, there was short interest totaling 21,246 shares, a growth of 166.4% from the December 31st total of 7,975 shares. Based on an average daily volume of 43,933 shares, the short-interest ratio is currently 0.5 days. Currently, 0.5% of the shares of the stock are short sold. Currently, 0.5% of the shares of the stock are short sold. Based on an average daily volume of 43,933 shares, the short-interest ratio is currently 0.5 days.

Invesco Fundamental Investment Grade Corporate Bond ETF Stock Up 0.1%

Shares of NYSEARCA:PFIG traded up $0.02 during trading on Thursday, reaching $24.26. The company’s stock had a trading volume of 50,024 shares, compared to its average volume of 35,091. The firm’s 50 day simple moving average is $24.30 and its two-hundred day simple moving average is $24.24. Invesco Fundamental Investment Grade Corporate Bond ETF has a 12 month low of $22.64 and a 12 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. Stockholders of record on Tuesday, January 20th were paid a dividend of $0.0876 per share. This is a positive change from Invesco Fundamental Investment Grade Corporate Bond ETF’s previous monthly dividend of $0.09. This represents a c) dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date of this dividend was Tuesday, January 20th.

Hedge Funds Weigh In On Invesco Fundamental Investment Grade Corporate Bond ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Bank of New York Mellon Corp lifted its position in Invesco Fundamental Investment Grade Corporate Bond ETF by 1.8% in the second quarter. Bank of New York Mellon Corp now owns 1,128,946 shares of the company’s stock valued at $27,169,000 after buying an additional 20,351 shares during the last quarter. Truist Financial Corp boosted its holdings in Invesco Fundamental Investment Grade Corporate Bond ETF by 23.7% in the second quarter. Truist Financial Corp now owns 156,814 shares of the company’s stock valued at $3,774,000 after purchasing an additional 30,052 shares in the last quarter. Bank of America Corp DE boosted its stake in Invesco Fundamental Investment Grade Corporate Bond ETF by 8.3% in the third 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. Osaic Holdings Inc. boosted its holdings in shares of Invesco Fundamental Investment Grade Corporate Bond ETF by 314.9% in the second quarter. Osaic Holdings Inc. now owns 2,282 shares of the company’s stock valued at $55,000 after acquiring an additional 1,732 shares during the period. Finally, Nikulski Financial Inc. purchased a new position in Invesco Fundamental Investment Grade Corporate Bond ETF during the 2nd quarter worth $340,000.

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.