Invesco Fundamental Investment Grade Corporate Bond ETF (NYSEARCA:PFIG) Short Interest Up 54.3% in July

Invesco Fundamental Investment Grade Corporate Bond ETF (NYSEARCA:PFIG) saw a significant growth in short interest during the month of July. As of July 31st, there was short interest totaling 6,223 shares, a growth of 54.3% from the July 15th total of 4,034 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily volume of 33,229 shares, the short-interest ratio is presently 0.2 days.

Invesco Fundamental Investment Grade Corporate Bond ETF Price Performance

NYSEARCA:PFIG opened at $23.70 on Wednesday. Invesco Fundamental Investment Grade Corporate Bond ETF has a 52-week low of $23.59 and a 52-week high of $25.83. The stock has a fifty day simple moving average of $23.81 and a 200-day simple moving average of $24.00.

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

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PFIG. Royal Bank of Canada grew its position in shares of Invesco Fundamental Investment Grade Corporate Bond ETF by 6.9% in 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 last quarter. Cetera Investment Advisers lifted its stake in Invesco Fundamental Investment Grade Corporate Bond ETF by 96.6% in the 2nd quarter. Cetera Investment Advisers now owns 18,986 shares of the company’s stock valued at $457,000 after buying an additional 9,330 shares in the last quarter. JPMorgan Chase & Co. purchased a new stake in Invesco Fundamental Investment Grade Corporate Bond ETF in the 2nd quarter valued at approximately $375,000. Jane Street Group LLC acquired a new stake in Invesco Fundamental Investment Grade Corporate Bond ETF during the 2nd quarter valued at $1,475,000. Finally, Ameriprise Financial Inc. grew its holdings in Invesco Fundamental Investment Grade Corporate Bond ETF by 52.0% during the 2nd quarter. Ameriprise Financial Inc. now owns 248,913 shares of the company’s stock valued at $5,990,000 after buying an additional 85,179 shares during the last quarter.

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.