Short Interest in Invesco Investment Grade Defensive ETF (NYSEARCA:IIGD) Expands By 854.6%

Invesco Investment Grade Defensive ETF (NYSEARCA:IIGD) saw a significant increase in short interest in July. As of July 31st, there was short interest totaling 1,346 shares, an increase of 854.6% from the July 15th total of 141 shares. Based on an average daily trading volume, of 1,544 shares, the short-interest ratio is currently 0.9 days. Approximately 0.1% of the company’s shares are sold short.

Institutional Investors Weigh In On Invesco Investment Grade Defensive ETF

Several institutional investors have recently bought and sold shares of the company. JPMorgan Chase & Co. acquired a new stake in Invesco Investment Grade Defensive ETF in the 2nd quarter worth approximately $61,000. Raymond James Financial Inc. purchased a new stake in Invesco Investment Grade Defensive ETF during the second quarter worth $65,000. Osaic Holdings Inc. grew its position in shares of Invesco Investment Grade Defensive ETF by 96.3% during the 2nd quarter. Osaic Holdings Inc. now owns 12,764 shares of the company’s stock valued at $315,000 after acquiring an additional 6,262 shares during the period. Jane Street Group LLC grew its holdings in Invesco Investment Grade Defensive ETF by 9.4% in the second quarter. Jane Street Group LLC now owns 15,579 shares of the company’s stock valued at $385,000 after purchasing an additional 1,333 shares during the period. Finally, Trilogy Capital Inc. increased its holdings in 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 acquiring an additional 4,200 shares in the last quarter.

Invesco Investment Grade Defensive ETF Price Performance

IIGD stock remained flat at $24.35 during midday trading on Wednesday. The company had a trading volume of 1,333 shares, compared to its average volume of 6,165. Invesco Investment Grade Defensive ETF has a 12 month low of $24.22 and a 12 month high of $25.08. The stock’s 50-day moving average price is $24.41 and its 200-day moving average price is $24.59.

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.