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 large growth in short interest during the month of January. As of January 15th, there was short interest totaling 21,246 shares, a growth of 166.4% from the December 31st total of 7,975 shares. Based on an average daily volume of 43,933 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.5% of the shares of the company are short sold. Currently, 0.5% of the shares of the company are short sold. Based on an average daily volume of 43,933 shares, the days-to-cover ratio is presently 0.5 days.

Invesco Fundamental Investment Grade Corporate Bond ETF Trading Up 0.0%

Shares of NYSEARCA:PFIG traded up $0.01 during mid-day trading on Friday, reaching $24.27. 8,246 shares of the company traded hands, compared to its average volume of 33,747. Invesco Fundamental Investment Grade Corporate Bond ETF has a 52 week low of $22.64 and a 52 week high of $26.96. The company’s 50 day moving average price is $24.29 and its 200-day moving average price is $24.25.

Invesco Fundamental Investment Grade Corporate Bond ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, January 23rd. Investors of record on Tuesday, January 20th were paid a dividend of $0.0876 per share. The ex-dividend date of this dividend was Tuesday, January 20th. This is a positive change from Invesco Fundamental Investment Grade Corporate Bond ETF’s previous monthly dividend of $0.09. This represents a c) dividend on an annualized basis and a yield of 4.3%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Osaic Holdings Inc. increased its holdings in Invesco Fundamental Investment Grade Corporate Bond ETF by 314.9% in the 2nd quarter. Osaic Holdings Inc. now owns 2,282 shares of the company’s stock worth $55,000 after buying an additional 1,732 shares during the period. Nikulski Financial Inc. acquired a new stake in shares of Invesco Fundamental Investment Grade Corporate Bond ETF during the 2nd quarter valued at about $340,000. JPMorgan Chase & Co. purchased a new stake in shares of Invesco Fundamental Investment Grade Corporate Bond ETF in the second quarter valued at approximately $375,000. Royal Bank of Canada lifted its holdings in Invesco Fundamental Investment Grade Corporate Bond ETF by 6.9% during the first quarter. Royal Bank of Canada now owns 16,147 shares of the company’s stock valued at $384,000 after purchasing an additional 1,039 shares in the last quarter. Finally, Cetera Investment Advisers boosted its holdings in Invesco Fundamental Investment Grade Corporate Bond ETF by 96.6% in the 2nd quarter. Cetera Investment Advisers now owns 18,986 shares of the company’s stock worth $457,000 after buying an additional 9,330 shares during the last quarter.

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.