Invesco Investment Grade Defensive ETF (NYSEARCA:IIGD) Short Interest Up 856.3% in March

Invesco Investment Grade Defensive ETF (NYSEARCA:IIGD) saw a large growth in short interest in March. As of March 13th, there was short interest totaling 918 shares, a growth of 856.3% from the February 26th total of 96 shares. Based on an average daily trading volume, of 13,092 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.1% of the shares of the company are short sold.

Invesco Investment Grade Defensive ETF Stock Performance

Shares of IIGD traded down $0.09 during trading hours on Thursday, hitting $24.44. The stock had a trading volume of 901 shares, compared to its average volume of 6,006. The stock has a fifty day moving average price of $24.82 and a 200 day moving average price of $24.85. Invesco Investment Grade Defensive ETF has a 12 month low of $23.92 and a 12 month high of $25.08.

Invesco Investment Grade Defensive ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Friday, February 27th. Shareholders of record on Monday, February 23rd were issued a dividend of $0.0851 per share. The ex-dividend date of this dividend was Monday, February 23rd. This represents a c) annualized dividend and a yield of 4.2%.

Institutional Investors Weigh In On Invesco Investment Grade Defensive ETF

Institutional investors and hedge funds have recently bought and sold shares of the business. Flow Traders U.S. LLC purchased a new position in shares of Invesco Investment Grade Defensive ETF in the third quarter valued at about $846,000. Scotia Capital Inc. lifted its holdings in Invesco Investment Grade Defensive ETF by 58.1% in the 2nd quarter. Scotia Capital Inc. now owns 60,672 shares of the company’s stock worth $1,498,000 after purchasing an additional 22,304 shares in the last quarter. Trilogy Capital Inc. lifted its holdings in Invesco Investment Grade Defensive ETF by 74.0% in the 3rd quarter. Trilogy Capital Inc. now owns 28,924 shares of the company’s stock worth $718,000 after purchasing an additional 12,299 shares in the last quarter. LPL Financial LLC boosted its stake in Invesco Investment Grade Defensive ETF by 3.4% in the 4th quarter. LPL Financial LLC now owns 233,428 shares of the company’s stock worth $5,800,000 after purchasing an additional 7,726 shares during the period. Finally, Collier Financial purchased a new stake in Invesco Investment Grade Defensive ETF during the 3rd quarter valued at approximately $160,000.

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.