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

Invesco Fundamental Investment Grade Corporate Bond ETF (NYSEARCA:PFIG) was the recipient of a significant 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 presently 0.9 days. Approximately 0.2% of the shares of the company are short sold.

Invesco Fundamental Investment Grade Corporate Bond ETF Trading Up 0.0%

Shares of Invesco Fundamental Investment Grade Corporate Bond ETF stock traded up $0.01 on Friday, reaching $23.96. 14,352 shares of the stock were exchanged, compared to its average volume of 28,490. The business has a 50 day moving average price of $24.00 and a two-hundred day moving average price of $24.19. Invesco Fundamental Investment Grade Corporate Bond ETF has a twelve month low of $23.69 and a twelve month high of $26.96.

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

Several hedge funds have recently added to or reduced their stakes in PFIG. Bank of New York Mellon Corp grew its position in Invesco Fundamental Investment Grade Corporate Bond ETF by 11.5% during the 1st quarter. Bank of New York Mellon Corp now owns 1,264,118 shares of the company’s stock worth $30,377,000 after purchasing an additional 130,301 shares during the period. LPL Financial LLC lifted its holdings in shares of Invesco Fundamental Investment Grade Corporate Bond ETF by 28.8% in the 4th quarter. LPL Financial LLC now owns 478,311 shares of the company’s stock valued at $11,617,000 after buying an additional 106,911 shares during the period. Arkadios Wealth Advisors boosted its stake in shares of Invesco Fundamental Investment Grade Corporate Bond ETF by 182.1% in the first quarter. Arkadios Wealth Advisors now owns 279,432 shares of the company’s stock worth $6,715,000 after buying an additional 180,363 shares during the last quarter. Ameriprise Financial Inc. grew its holdings in Invesco Fundamental Investment Grade Corporate Bond ETF by 8.9% during the third quarter. Ameriprise Financial Inc. now owns 270,980 shares of the company’s stock worth $6,554,000 after acquiring an additional 22,067 shares during the period. Finally, Truist Financial Corp grew its holdings in Invesco Fundamental Investment Grade Corporate Bond ETF by 27.0% during the fourth quarter. Truist Financial Corp now owns 209,109 shares of the company’s stock worth $5,079,000 after acquiring an additional 44,395 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.