Invesco Investment Grade Defensive ETF (NYSEARCA:IIGD) Sees Large Drop in Short Interest

Invesco Investment Grade Defensive ETF (NYSEARCA:IIGD) saw a significant decline in short interest in February. As of February 27th, there was short interest totaling 96 shares, a decline of 95.2% from the February 12th total of 1,997 shares. Based on an average trading volume of 2,226 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the shares of the stock are short sold. Approximately 0.0% of the shares of the stock are short sold. Based on an average trading volume of 2,226 shares, the short-interest ratio is presently 0.0 days.

Invesco Investment Grade Defensive ETF Stock Down 0.2%

IIGD traded down $0.06 during trading on Wednesday, reaching $24.76. The stock had a trading volume of 1,265 shares, compared to its average volume of 3,703. The business has a 50-day moving average of $24.87 and a 200-day moving average of $24.87. Invesco Investment Grade Defensive ETF has a one year low of $23.92 and a one year high of $25.08.

Invesco Investment Grade Defensive ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, February 27th. Stockholders of record on Monday, February 23rd were given a dividend of $0.0851 per share. The ex-dividend date was Monday, February 23rd. This represents a c) annualized dividend and a dividend yield of 4.1%.

Institutional Trading of Invesco Investment Grade Defensive ETF

A number of hedge funds have recently bought and sold shares of IIGD. LPL Financial LLC grew its position in Invesco Investment Grade Defensive ETF by 3.4% during the fourth quarter. LPL Financial LLC now owns 233,428 shares of the company’s stock valued at $5,800,000 after acquiring an additional 7,726 shares during the last quarter. Scotia Capital Inc. lifted its holdings in shares of Invesco Investment Grade Defensive ETF by 58.1% in the 2nd quarter. Scotia Capital Inc. now owns 60,672 shares of the company’s stock worth $1,498,000 after acquiring an additional 22,304 shares during the last quarter. NewEdge Advisors LLC boosted its stake in shares of Invesco Investment Grade Defensive ETF by 1.1% in the 4th quarter. NewEdge Advisors LLC now owns 49,463 shares of the company’s stock valued at $1,229,000 after purchasing an additional 515 shares in the last quarter. Flow Traders U.S. LLC purchased a new stake in shares of Invesco Investment Grade Defensive ETF in the 3rd quarter valued at $846,000. Finally, Trilogy Capital Inc. grew its holdings in shares of Invesco Investment Grade Defensive ETF by 74.0% during the 3rd quarter. Trilogy Capital Inc. now owns 28,924 shares of the company’s stock valued at $718,000 after purchasing an additional 12,299 shares during the last quarter.

About Invesco Investment Grade Defensive ETF

The Invesco Investment Grade Defensive ETF (IIGD) is an exchange-traded fund that is based on the Invesco Investment Grade Defensive index. The fund tracks a market value-weighted index of investment-grade corporate bonds of intermediate maturities. IIGD was launched on Jul 25, 2018 and is managed by Invesco.