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 significant growth in short interest during the month of December. As of December 31st, there was short interest totaling 7,975 shares, a growth of 24.9% from the December 15th total of 6,386 shares. Based on an average daily trading volume, of 20,735 shares, the short-interest ratio is presently 0.4 days. Approximately 0.2% of the shares of the company are sold short. Approximately 0.2% of the shares of the company are sold short. Based on an average daily trading volume, of 20,735 shares, the short-interest ratio is presently 0.4 days.

Invesco Fundamental Investment Grade Corporate Bond ETF Stock Performance

PFIG stock traded down $0.04 during trading on Monday, hitting $24.29. The company had a trading volume of 62,635 shares, compared to its average volume of 45,594. Invesco Fundamental Investment Grade Corporate Bond ETF has a 1-year low of $22.64 and a 1-year high of $26.96. The firm has a 50-day moving average price of $24.30 and a 200-day moving average price of $24.23.

Invesco Fundamental Investment Grade Corporate Bond ETF Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, January 23rd. Stockholders of record on Tuesday, January 20th will be paid a dividend of $0.0876 per share. This represents a c) annualized dividend and a dividend yield of 4.3%. This is a boost from Invesco Fundamental Investment Grade Corporate Bond ETF’s previous monthly dividend of $0.09. The ex-dividend date is Tuesday, January 20th.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of PFIG. Bank of New York Mellon Corp raised its position in Invesco Fundamental Investment Grade Corporate Bond ETF by 1.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,128,946 shares of the company’s stock worth $27,169,000 after buying an additional 20,351 shares during the last quarter. Ameriprise Financial Inc. boosted its holdings in shares of Invesco Fundamental Investment Grade Corporate Bond ETF by 8.9% in the third quarter. Ameriprise Financial Inc. now owns 270,980 shares of the company’s stock valued at $6,554,000 after acquiring an additional 22,067 shares in the last quarter. Truist Financial Corp increased its stake in shares of Invesco Fundamental Investment Grade Corporate Bond ETF by 5.0% during the third quarter. Truist Financial Corp now owns 164,714 shares of the company’s stock worth $3,992,000 after acquiring an additional 7,900 shares during the period. Nikulski Financial Inc. raised its holdings in Invesco Fundamental Investment Grade Corporate Bond ETF by 162.7% during the fourth quarter. Nikulski Financial Inc. now owns 71,805 shares of the company’s stock worth $1,744,000 after purchasing an additional 44,475 shares in the last quarter. Finally, Jane Street Group LLC purchased a new position in Invesco Fundamental Investment Grade Corporate Bond ETF during the second quarter worth about $1,475,000.

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.