Invesco Investment Grade Defensive ETF (NYSEARCA:IIGD) Stock Short Interest Declines 73.3%

Invesco Investment Grade Defensive ETF (NYSEARCA:IIGD) saw a significant decline in short interest in September. As of September 15th, there was short interest totaling 484 shares, a decline of 73.3% from the August 31st total of 1,812 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 6,033 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Trading of Invesco Investment Grade Defensive ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Trilogy Capital Inc. increased its position in shares of Invesco Investment Grade Defensive ETF by 14.5% in the 1st quarter. Trilogy Capital Inc. now owns 33,124 shares of the company’s stock worth $815,000 after purchasing an additional 4,200 shares during the last quarter. Citadel Advisors LLC increased its holdings in Invesco Investment Grade Defensive ETF by 137.1% in the second quarter. Citadel Advisors LLC now owns 57,170 shares of the company’s stock valued at $1,398,000 after buying an additional 33,057 shares during the last quarter. Finally, Core Wealth Advisors Inc. increased its holdings in Invesco Investment Grade Defensive ETF by 64.9% in the first quarter. Core Wealth Advisors Inc. now owns 62,255 shares of the company’s stock valued at $1,531,000 after buying an additional 24,494 shares during the last quarter.

Invesco Investment Grade Defensive ETF Stock Performance

Shares of NYSEARCA:IIGD traded up $0.03 during mid-day trading on Friday, hitting $23.84. 496 shares of the company traded hands, compared to its average volume of 5,651. The firm’s 50 day simple moving average is $24.24 and its 200 day simple moving average is $24.43. Invesco Investment Grade Defensive ETF has a 52-week low of $23.81 and a 52-week high of $24.99.

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.