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 in the month of July. As of July 31st, there was short interest totaling 6,223 shares, a growth of 54.3% from the July 15th total of 4,034 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 33,229 shares, the short-interest ratio is presently 0.2 days.

Institutional Trading of Invesco Fundamental Investment Grade Corporate Bond ETF

Hedge funds and other institutional investors have recently bought and sold shares of the business. Bank of New York Mellon Corp grew its position in shares of Invesco Fundamental Investment Grade Corporate Bond ETF by 11.5% during the 1st quarter. Bank of New York Mellon Corp now owns 1,264,118 shares of the company’s stock worth $30,377,000 after purchasing an additional 130,301 shares in the last quarter. LPL Financial LLC raised its position in shares of Invesco Fundamental Investment Grade Corporate Bond ETF by 28.8% in the fourth quarter. LPL Financial LLC now owns 478,311 shares of the company’s stock valued at $11,617,000 after buying an additional 106,911 shares in the last quarter. Arkadios Wealth Advisors raised its position in shares of Invesco Fundamental Investment Grade Corporate Bond ETF by 182.1% in the first quarter. Arkadios Wealth Advisors now owns 279,432 shares of the company’s stock valued at $6,715,000 after buying an additional 180,363 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in shares of Invesco Fundamental Investment Grade Corporate Bond ETF by 8.9% in the third quarter. Ameriprise Financial Inc. now owns 270,980 shares of the company’s stock valued at $6,554,000 after buying an additional 22,067 shares during the period. Finally, Truist Financial Corp boosted its stake in shares of Invesco Fundamental Investment Grade Corporate Bond ETF by 27.0% in the fourth quarter. Truist Financial Corp now owns 209,109 shares of the company’s stock valued at $5,079,000 after buying an additional 44,395 shares during the period.

Invesco Fundamental Investment Grade Corporate Bond ETF Price Performance

PFIG opened at $23.70 on Tuesday. The stock has a fifty day moving average of $23.81 and a 200-day moving average of $24.01. Invesco Fundamental Investment Grade Corporate Bond ETF has a fifty-two week low of $23.59 and a fifty-two week high of $25.83.

Invesco Fundamental Investment Grade Corporate Bond ETF Company Profile

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.