Short Interest in Invesco Investment Grade Defensive ETF (NYSEARCA:IIGD) Drops By 59.2%

Invesco Investment Grade Defensive ETF (NYSEARCA:IIGD) was the recipient of a large decrease in short interest in the month of May. As of May 29th, there was short interest totaling 264 shares, a decrease of 59.2% from the May 14th total of 647 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average trading volume of 6,899 shares, the days-to-cover ratio is currently 0.0 days.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. bought a new position in Invesco Investment Grade Defensive ETF during the 2nd quarter worth $61,000. Raymond James Financial Inc. bought a new position in Invesco Investment Grade Defensive ETF during the second quarter worth about $65,000. Jane Street Group LLC raised its stake in Invesco Investment Grade Defensive ETF by 9.4% in the 2nd quarter. Jane Street Group LLC now owns 15,579 shares of the company’s stock worth $385,000 after purchasing an additional 1,333 shares in the last quarter. Osaic Holdings Inc. raised its stake in Invesco Investment Grade Defensive ETF by 96.3% in the 2nd quarter. Osaic Holdings Inc. now owns 12,764 shares of the company’s stock worth $315,000 after purchasing an additional 6,262 shares in the last quarter. Finally, Flow Traders U.S. LLC bought a new stake in Invesco Investment Grade Defensive ETF in the 3rd quarter valued at about $846,000.

Invesco Investment Grade Defensive ETF Price Performance

Shares of Invesco Investment Grade Defensive ETF stock traded down $0.02 on Friday, hitting $24.50. The stock had a trading volume of 37,859 shares, compared to its average volume of 6,220. Invesco Investment Grade Defensive ETF has a twelve month low of $24.30 and a twelve month high of $25.08. The business’s 50 day moving average is $24.56 and its two-hundred day moving average is $24.73.

About Invesco Investment Grade Defensive ETF

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.