Invesco Fundamental Investment Grade Corporate Bond ETF (NYSEARCA:PFIG) Sees Large Decline in Short Interest

Invesco Fundamental Investment Grade Corporate Bond ETF (NYSEARCA:PFIG) saw a significant drop in short interest during the month of July. As of July 15th, there was short interest totaling 4,034 shares, a drop of 61.8% from the June 30th total of 10,572 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily trading volume, of 18,247 shares, the days-to-cover ratio is presently 0.2 days.

Invesco Fundamental Investment Grade Corporate Bond ETF Stock Performance

Shares of NYSEARCA PFIG opened at $23.64 on Monday. Invesco Fundamental Investment Grade Corporate Bond ETF has a 12-month low of $23.59 and a 12-month high of $24.59. The firm has a 50 day moving average of $23.86 and a 200 day moving average of $24.07.

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

A number of hedge funds have recently modified their holdings of the business. Osaic Holdings Inc. increased its stake in shares of Invesco Fundamental Investment Grade Corporate Bond ETF by 314.9% in the 2nd quarter. Osaic Holdings Inc. now owns 2,282 shares of the company’s stock worth $55,000 after purchasing an additional 1,732 shares in the last quarter. Western Wealth Management LLC purchased a new position in Invesco Fundamental Investment Grade Corporate Bond ETF during the first quarter valued at $77,000. Nikulski Financial Inc. bought a new stake in Invesco Fundamental Investment Grade Corporate Bond ETF during the second quarter valued at about $340,000. JPMorgan Chase & Co. bought a new stake in Invesco Fundamental Investment Grade Corporate Bond ETF during the second quarter valued at about $375,000. Finally, Royal Bank of Canada grew its holdings in Invesco Fundamental Investment Grade Corporate Bond ETF by 6.9% during the first 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 during the period.

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.