Invesco Investment Grade Defensive ETF (NYSEARCA:IIGD) Short Interest Up 854.6% in July

Invesco Investment Grade Defensive ETF (NYSEARCA:IIGD) was the target of a large increase in short interest in the month of July. As of July 31st, there was short interest totaling 1,346 shares, an increase of 854.6% from the July 15th total of 141 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average trading volume of 1,544 shares, the short-interest ratio is currently 0.9 days.

Institutional Trading of Invesco Investment Grade Defensive ETF

Institutional investors and hedge funds have recently made changes to their positions in the company. JPMorgan Chase & Co. purchased a new position in shares of Invesco Investment Grade Defensive ETF in the 2nd quarter worth $61,000. Raymond James Financial Inc. acquired a new stake in Invesco Investment Grade Defensive ETF during the second quarter worth about $65,000. Osaic Holdings Inc. increased its stake in Invesco Investment Grade Defensive ETF by 96.3% during the second quarter. Osaic Holdings Inc. now owns 12,764 shares of the company’s stock worth $315,000 after acquiring an additional 6,262 shares during the last quarter. Jane Street Group LLC raised its holdings in shares of 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 during the period. Finally, Trilogy Capital Inc. lifted its stake in shares of 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 purchasing an additional 4,200 shares in the last quarter.

Invesco Investment Grade Defensive ETF Price Performance

Invesco Investment Grade Defensive ETF stock traded up $0.01 during trading on Tuesday, reaching $24.35. The company had a trading volume of 1,333 shares, compared to its average volume of 6,165. Invesco Investment Grade Defensive ETF has a 12-month low of $24.22 and a 12-month high of $25.08. The stock’s 50 day moving average price is $24.41 and its two-hundred day moving average price is $24.59.

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.