Invesco Fundamental High Yield Corporate Bond ETF (NYSEARCA:PHB) Short Interest Up 76.8% in December

Invesco Fundamental High Yield Corporate Bond ETF (NYSEARCA:PHB) saw a large growth in short interest in the month of December. As of December 31st, there was short interest totaling 25,176 shares, a growth of 76.8% from the December 15th total of 14,237 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily volume of 44,616 shares, the days-to-cover ratio is presently 0.6 days. Based on an average daily volume of 44,616 shares, the days-to-cover ratio is presently 0.6 days. Approximately 0.1% of the shares of the stock are sold short.

Invesco Fundamental High Yield Corporate Bond ETF Stock Down 0.1%

PHB traded down $0.01 during trading on Thursday, hitting $18.68. The company’s stock had a trading volume of 69,527 shares, compared to its average volume of 51,183. Invesco Fundamental High Yield Corporate Bond ETF has a twelve month low of $17.33 and a twelve month high of $18.73. The business’s fifty day simple moving average is $18.60 and its 200 day simple moving average is $18.54.

Institutional Investors Weigh In On Invesco Fundamental High Yield Corporate Bond ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Simplex Trading LLC purchased a new position in Invesco Fundamental High Yield Corporate Bond ETF during the second quarter valued at $64,000. Ameritas Advisory Services LLC purchased a new stake in shares of Invesco Fundamental High Yield Corporate Bond ETF during the second quarter worth about $129,000. Strategic Advocates LLC acquired a new position in shares of Invesco Fundamental High Yield Corporate Bond ETF during the 3rd quarter worth about $146,000. Banque Cantonale Vaudoise raised its position in shares of Invesco Fundamental High Yield Corporate Bond ETF by 5.9% during the 3rd quarter. Banque Cantonale Vaudoise now owns 11,480 shares of the company’s stock worth $213,000 after purchasing an additional 642 shares during the last quarter. Finally, Tcfg Wealth Management LLC acquired a new stake in Invesco Fundamental High Yield Corporate Bond ETF in the 2nd quarter worth about $220,000.

Invesco Fundamental High Yield Corporate Bond ETF Company Profile

The Invesco Fundamental High Yield Corporate Bond ETF (PHB) is an exchange-traded fund that is based on the RAFI Bonds US High Yield 1-10 index. The fund tracks a fundamental-weighted index of high-yield US corporate bonds that must be rated between B3\u002FB- and Ba1\u002FBB+. PHB was launched on Nov 15, 2007 and is managed by Invesco.