Short Interest in Invesco Fundamental Investment Grade Corporate Bond ETF (NYSEARCA:PFIG) Drops By 39.6%

Invesco Fundamental Investment Grade Corporate Bond ETF (NYSEARCA:PFIG) was the target of a significant decline in short interest during the month of February. As of February 13th, there was short interest totaling 22,778 shares, a decline of 39.6% from the January 29th total of 37,740 shares. Currently, 0.5% of the company’s stock are short sold. Based on an average daily trading volume, of 35,248 shares, the short-interest ratio is currently 0.6 days. Based on an average daily trading volume, of 35,248 shares, the short-interest ratio is currently 0.6 days. Currently, 0.5% of the company’s stock are short sold.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. LPL Financial LLC lifted its holdings in Invesco Fundamental Investment Grade Corporate Bond ETF by 28.8% during the 4th quarter. LPL Financial LLC now owns 478,311 shares of the company’s stock valued at $11,617,000 after purchasing an additional 106,911 shares during the last quarter. Arkadios Wealth Advisors bought a new position in Invesco Fundamental Investment Grade Corporate Bond ETF in the 4th quarter valued at about $2,406,000. Ameriprise Financial Inc. lifted its position in Invesco Fundamental Investment Grade Corporate Bond ETF by 52.0% during the second quarter. Ameriprise Financial Inc. now owns 248,913 shares of the company’s stock worth $5,990,000 after acquiring an additional 85,179 shares during the last quarter. Jane Street Group LLC bought a new stake in shares of Invesco Fundamental Investment Grade Corporate Bond ETF during the second quarter worth approximately $1,475,000. Finally, Nikulski Financial Inc. grew its position in shares of Invesco Fundamental Investment Grade Corporate Bond ETF by 162.7% in the fourth quarter. Nikulski Financial Inc. now owns 71,805 shares of the company’s stock valued at $1,744,000 after purchasing an additional 44,475 shares during the last quarter.

Invesco Fundamental Investment Grade Corporate Bond ETF Stock Performance

NYSEARCA PFIG traded down $0.02 on Friday, hitting $24.38. 9,713 shares of the stock were exchanged, compared to its average volume of 30,949. The business’s fifty day moving average is $24.32 and its 200 day moving average is $24.29. Invesco Fundamental Investment Grade Corporate Bond ETF has a 52 week low of $22.64 and a 52 week high of $26.96.

Invesco Fundamental Investment Grade Corporate Bond ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, February 27th. Investors of record on Monday, February 23rd were issued a dividend of $0.0829 per share. The ex-dividend date was Monday, February 23rd. This represents a c) dividend on an annualized basis and a yield of 4.1%.

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.