Short Interest in Invesco Fundamental Investment Grade Corporate Bond ETF (NYSEARCA:PFIG) Decreases By 93.9%

Invesco Fundamental Investment Grade Corporate Bond ETF (NYSEARCA:PFIG) saw a large drop in short interest in the month of March. As of March 13th, there was short interest totaling 2,182 shares, a drop of 93.9% from the February 26th total of 35,504 shares. Based on an average trading volume of 48,687 shares, the short-interest ratio is currently 0.0 days. Approximately 0.1% of the shares of the company are sold short. Approximately 0.1% of the shares of the company are sold short. Based on an average trading volume of 48,687 shares, the short-interest ratio is currently 0.0 days.

Invesco Fundamental Investment Grade Corporate Bond ETF Stock Down 0.2%

Shares of NYSEARCA:PFIG traded down $0.05 during midday trading on Tuesday, hitting $23.90. The stock had a trading volume of 7,297 shares, compared to its average volume of 32,129. Invesco Fundamental Investment Grade Corporate Bond ETF has a 1 year low of $22.64 and a 1 year high of $26.96. The stock has a 50 day moving average price of $24.26 and a two-hundred day moving average price of $24.29.

Invesco Fundamental Investment Grade Corporate Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, February 27th. Shareholders of record on Monday, February 23rd were given a dividend of $0.0829 per share. The ex-dividend date was Monday, February 23rd. This represents a c) annualized dividend and a yield of 4.2%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of PFIG. Osaic Holdings Inc. raised its position in 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 worth $55,000 after acquiring an additional 1,732 shares in the last quarter. Nikulski Financial Inc. acquired a new position in shares of Invesco Fundamental Investment Grade Corporate Bond ETF during the 2nd quarter worth $340,000. JPMorgan Chase & Co. purchased a new position in shares of Invesco Fundamental Investment Grade Corporate Bond ETF in the 2nd quarter valued at about $375,000. Royal Bank of Canada increased its holdings in shares of Invesco Fundamental Investment Grade Corporate Bond ETF by 6.9% in the 1st quarter. Royal Bank of Canada now owns 16,147 shares of the company’s stock valued at $384,000 after purchasing an additional 1,039 shares in the last quarter. Finally, Cetera Investment Advisers lifted its stake in shares of Invesco Fundamental Investment Grade Corporate Bond ETF by 96.6% in the second quarter. Cetera Investment Advisers now owns 18,986 shares of the company’s stock valued at $457,000 after purchasing an additional 9,330 shares during the period.

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.