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

Invesco Fundamental Investment Grade Corporate Bond ETF (NYSEARCA:PFIG) saw a large increase in short interest during the month of May. As of May 15th, there was short interest totaling 9,793 shares, an increase of 167.3% from the April 30th total of 3,664 shares. Based on an average daily volume of 10,793 shares, the days-to-cover ratio is currently 0.9 days. Currently, 0.2% of the shares of the stock are sold short.

Invesco Fundamental Investment Grade Corporate Bond ETF Stock Up 0.0%

NYSEARCA PFIG traded up $0.01 during trading hours on Friday, hitting $23.96. 14,352 shares of the company’s stock traded hands, compared to its average volume of 28,490. The firm’s 50-day moving average is $24.00 and its 200-day moving average is $24.19. Invesco Fundamental Investment Grade Corporate Bond ETF has a 52-week low of $23.69 and a 52-week high of $26.96.

Institutional Investors Weigh In On Invesco Fundamental Investment Grade Corporate Bond ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Equitable Holdings Inc. lifted its stake in Invesco Fundamental Investment Grade Corporate Bond ETF by 0.7% during the 4th quarter. Equitable Holdings Inc. now owns 61,968 shares of the company’s stock worth $1,505,000 after acquiring an additional 443 shares in the last quarter. Insight Advisors LLC PA increased its stake in Invesco Fundamental Investment Grade Corporate Bond ETF by 2.1% during the first quarter. Insight Advisors LLC PA now owns 29,542 shares of the company’s stock worth $710,000 after purchasing an additional 619 shares during the period. Royal Bank of Canada lifted its position in shares of 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 worth $384,000 after purchasing an additional 1,039 shares in the last quarter. Osaic Holdings Inc. boosted its stake in shares of Invesco Fundamental Investment Grade Corporate Bond ETF by 314.9% in the second quarter. Osaic Holdings Inc. now owns 2,282 shares of the company’s stock valued at $55,000 after purchasing an additional 1,732 shares during the period. Finally, Breakwater Capital Group boosted its stake in shares of Invesco Fundamental Investment Grade Corporate Bond ETF by 7.7% in the first quarter. Breakwater Capital Group now owns 35,051 shares of the company’s stock valued at $842,000 after purchasing an additional 2,519 shares during the period.

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.