Invesco Fundamental Investment Grade Corporate Bond ETF (NYSEARCA:PFIG) Short Interest Update

Invesco Fundamental Investment Grade Corporate Bond ETF (NYSEARCA:PFIG) was the recipient of a significant drop in short interest in December. As of December 15th, there was short interest totaling 6,386 shares, a drop of 65.5% from the November 30th total of 18,537 shares. Currently, 0.2% of the shares of the stock are short sold. Based on an average trading volume of 13,936 shares, the days-to-cover ratio is presently 0.5 days. Based on an average trading volume of 13,936 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.2% of the shares of the stock are short sold.

Invesco Fundamental Investment Grade Corporate Bond ETF Stock Performance

Shares of Invesco Fundamental Investment Grade Corporate Bond ETF stock remained flat at $24.30 during trading on Friday. 5,644 shares of the stock were exchanged, compared to its average volume of 17,867. Invesco Fundamental Investment Grade Corporate Bond ETF has a 12 month low of $22.64 and a 12 month high of $26.96. The firm has a 50-day simple moving average of $24.29 and a 200-day simple moving average of $24.19.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Bank of New York Mellon Corp boosted its holdings in Invesco Fundamental Investment Grade Corporate Bond ETF by 1.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,128,946 shares of the company’s stock valued at $27,169,000 after acquiring an additional 20,351 shares during the period. Truist Financial Corp boosted its stake in shares of Invesco Fundamental Investment Grade Corporate Bond ETF by 23.7% during the second quarter. Truist Financial Corp now owns 156,814 shares of the company’s stock valued at $3,774,000 after purchasing an additional 30,052 shares during the period. Breakwater Capital Group grew its holdings in shares of Invesco Fundamental Investment Grade Corporate Bond ETF by 10.2% in the second quarter. Breakwater Capital Group now owns 38,555 shares of the company’s stock worth $928,000 after purchasing an additional 3,580 shares during the last quarter. Nikulski Financial Inc. grew its holdings in shares of Invesco Fundamental Investment Grade Corporate Bond ETF by 93.6% in the third quarter. Nikulski Financial Inc. now owns 27,330 shares of the company’s stock worth $662,000 after purchasing an additional 13,215 shares during the last quarter. Finally, Jones Financial Companies Lllp increased its stake in shares of Invesco Fundamental Investment Grade Corporate Bond ETF by 7.9% in the third quarter. Jones Financial Companies Lllp now owns 55,691 shares of the company’s stock worth $1,346,000 after buying an additional 4,073 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.