Invesco Fundamental Investment Grade Corporate Bond ETF (NYSEARCA:PFIG) Sees Significant Growth in Short Interest

Invesco Fundamental Investment Grade Corporate Bond ETF (NYSEARCA:PFIG) was the target of a large growth in short interest during the month of September. As of September 30th, there was short interest totaling 20,699 shares, a growth of 130.4% from the September 15th total of 8,983 shares. Approximately 0.4% of the company’s stock are sold short. Based on an average daily trading volume, of 50,105 shares, the days-to-cover ratio is presently 0.4 days.

Invesco Fundamental Investment Grade Corporate Bond ETF Stock Performance

Shares of Invesco Fundamental Investment Grade Corporate Bond ETF stock opened at $23.17 on Thursday. The company has a fifty day simple moving average of $23.44 and a 200-day simple moving average of $23.75. Invesco Fundamental Investment Grade Corporate Bond ETF has a 12-month low of $22.93 and a 12-month high of $25.83.

Hedge Funds Weigh In On Invesco Fundamental Investment Grade Corporate Bond ETF

Several institutional investors have recently added to or reduced their stakes in the stock. Eclectic Associates Inc. ADV acquired a new position in shares of Invesco Fundamental Investment Grade Corporate Bond ETF in the third quarter valued at approximately $1,629,000. Citadel Advisors LLC purchased a new stake in shares of Invesco Fundamental Investment Grade Corporate Bond ETF during the second quarter worth approximately $1,156,000. Arkadios Wealth Advisors raised its stake in shares of Invesco Fundamental Investment Grade Corporate Bond ETF by 182.1% during the first quarter. Arkadios Wealth Advisors now owns 279,432 shares of the company’s stock worth $6,715,000 after purchasing an additional 180,363 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Invesco Fundamental Investment Grade Corporate Bond ETF by 11.5% during the first 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 during the period. Finally, Breakwater Capital Group lifted its holdings in shares of Invesco Fundamental Investment Grade Corporate Bond ETF by 22.0% during the third quarter. Breakwater Capital Group now owns 50,586 shares of the company’s stock worth $1,166,000 after purchasing an additional 9,114 shares during the period.

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.