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

Invesco Fundamental Investment Grade Corporate Bond ETF (NYSEARCA:PFIG) was the target of a large increase in short interest in May. As of May 15th, there was short interest totaling 9,793 shares, an increase of 167.3% from the April 30th total of 3,664 shares. Currently, 0.2% of the company’s shares are short sold. Based on an average trading volume of 10,793 shares, the days-to-cover ratio is currently 0.9 days.

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

A number of institutional investors have recently modified their holdings of PFIG. Osaic Holdings Inc. increased its stake in shares of Invesco Fundamental Investment Grade Corporate Bond ETF by 314.9% during 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 during the last quarter. Western Wealth Management LLC acquired a new position in shares of Invesco Fundamental Investment Grade Corporate Bond ETF during the 1st quarter worth $77,000. 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. acquired a new position in shares of Invesco Fundamental Investment Grade Corporate Bond ETF during the 2nd quarter worth $375,000. Finally, Royal Bank of Canada increased its stake in shares of Invesco Fundamental Investment Grade Corporate Bond ETF by 6.9% during the 1st quarter. Royal Bank of Canada now owns 16,147 shares of the company’s stock worth $384,000 after purchasing an additional 1,039 shares during the last quarter.

Invesco Fundamental Investment Grade Corporate Bond ETF Stock Up 0.0%

Shares of NYSEARCA:PFIG traded up $0.01 during mid-day trading on Friday, hitting $23.96. The stock had a trading volume of 14,352 shares, compared to its average volume of 28,490. The company’s 50 day moving average is $24.00 and its 200-day moving average is $24.19. Invesco Fundamental Investment Grade Corporate Bond ETF has a 12-month low of $23.69 and a 12-month 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.