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

Invesco Investment Grade Defensive ETF (NYSEARCA:IIGD) was the recipient of 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. Approximately 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 1,544 shares, the short-interest ratio is presently 0.9 days.

Invesco Investment Grade Defensive ETF Price Performance

IIGD traded up $0.01 during trading on Tuesday, hitting $24.35. 1,333 shares of the company’s stock were exchanged, compared to its average volume of 6,165. Invesco Investment Grade Defensive ETF has a 1 year low of $24.22 and a 1 year high of $25.08. The stock has a 50 day moving average price of $24.41 and a 200 day moving average price of $24.59.

Institutional Trading of Invesco Investment Grade Defensive ETF

A number of institutional investors have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. acquired a new stake in Invesco Investment Grade Defensive ETF in the 2nd quarter valued at $61,000. Raymond James Financial Inc. acquired a new position in shares of Invesco Investment Grade Defensive ETF during the second quarter worth about $65,000. Osaic Holdings Inc. boosted its position in shares of Invesco Investment Grade Defensive ETF by 96.3% in the second quarter. Osaic Holdings Inc. now owns 12,764 shares of the company’s stock worth $315,000 after buying an additional 6,262 shares during the period. Jane Street Group LLC boosted its position in shares of 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 worth $385,000 after buying an additional 1,333 shares during the period. Finally, Trilogy Capital Inc. grew its stake in shares of Invesco Investment Grade Defensive ETF by 14.5% in the first quarter. Trilogy Capital Inc. now owns 33,124 shares of the company’s stock valued at $815,000 after buying an additional 4,200 shares in the last quarter.

Invesco Investment Grade Defensive ETF Company Profile

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.