Invesco Investment Grade Defensive ETF (NYSEARCA:IIGD) Short Interest Up 3,675.0% in August

Invesco Investment Grade Defensive ETF (NYSEARCA:IIGD) saw a significant increase in short interest in August. As of August 31st, there was short interest totaling 1,812 shares, an increase of 3,675.0% from the August 15th total of 48 shares. Currently, 0.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 2,507 shares, the short-interest ratio is currently 0.7 days.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. JPMorgan Chase & Co. bought a new stake in Invesco Investment Grade Defensive ETF during the 2nd quarter worth about $61,000. Raymond James Financial Inc. acquired a new stake in shares of Invesco Investment Grade Defensive ETF in the second quarter valued at approximately $65,000. Osaic Holdings Inc. raised its position 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 during the last quarter. Jane Street Group LLC lifted its holdings in Invesco Investment Grade Defensive ETF by 9.4% during the 2nd quarter. Jane Street Group LLC now owns 15,579 shares of the company’s stock worth $385,000 after buying an additional 1,333 shares in the last quarter. Finally, Trilogy Capital Inc. boosted its position in Invesco Investment Grade Defensive ETF by 14.5% in the 1st quarter. Trilogy Capital Inc. now owns 33,124 shares of the company’s stock valued at $815,000 after buying an additional 4,200 shares during the last quarter.

Invesco Investment Grade Defensive ETF Price Performance

Shares of IIGD opened at $24.09 on Friday. Invesco Investment Grade Defensive ETF has a one year low of $24.09 and a one year high of $25.08. The business’s 50 day simple moving average is $24.34 and its 200-day simple moving average is $24.50.

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.