Invesco Investment Grade Defensive ETF (NYSEARCA:IIGD) Sees Significant Increase in Short Interest

Invesco Investment Grade Defensive ETF (NYSEARCA:IIGD) was the target of a significant increase in short interest in April. As of April 30th, there was short interest totaling 781 shares, an increase of 77.1% from the April 15th total of 441 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average trading volume of 3,266 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Trading of Invesco Investment Grade Defensive ETF

Several large investors have recently bought and sold shares of IIGD. Core Wealth Advisors Inc. boosted its holdings in shares of Invesco Investment Grade Defensive ETF by 64.9% during the 1st quarter. Core Wealth Advisors Inc. now owns 62,255 shares of the company’s stock worth $1,531,000 after purchasing an additional 24,494 shares during the last quarter. Trilogy Capital Inc. lifted its position in Invesco Investment Grade Defensive ETF by 14.5% during the first quarter. Trilogy Capital Inc. now owns 33,124 shares of the company’s stock worth $815,000 after buying an additional 4,200 shares in the last quarter. NewEdge Advisors LLC boosted its stake in Invesco Investment Grade Defensive ETF by 1.1% during the fourth quarter. NewEdge Advisors LLC now owns 49,463 shares of the company’s stock worth $1,229,000 after buying an additional 515 shares during the last quarter. LPL Financial LLC boosted its stake in Invesco Investment Grade Defensive ETF by 3.4% during the fourth quarter. LPL Financial LLC now owns 233,428 shares of the company’s stock worth $5,800,000 after buying an additional 7,726 shares during the last quarter. Finally, Flow Traders U.S. LLC purchased a new stake in Invesco Investment Grade Defensive ETF in the 3rd quarter valued at $846,000.

Invesco Investment Grade Defensive ETF Stock Down 0.7%

Shares of IIGD traded down $0.18 during trading hours on Tuesday, hitting $24.30. 336 shares of the stock were exchanged, compared to its average volume of 5,366. Invesco Investment Grade Defensive ETF has a 12-month low of $24.30 and a 12-month high of $25.08. The stock’s 50-day moving average price is $24.63 and its two-hundred day moving average price is $24.78.

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.