Invesco Fundamental Investment Grade Corporate Bond ETF (NYSEARCA:PFIG) Shares Shorted: Short Interest Down 55.1% in October

Invesco Fundamental Investment Grade Corporate Bond ETF (NYSEARCA:PFIG) was the target of a large decrease in short interest in October. As of October 15th, there was short interest totaling 9,294 shares, a decrease of 55.1% from the September 30th total of 20,699 shares. Currently, 0.2% of the company’s shares are short sold. Based on an average trading volume of 14,074 shares, the days-to-cover ratio is currently 0.7 days.

Invesco Fundamental Investment Grade Corporate Bond ETF Trading Up 0.2%

Invesco Fundamental Investment Grade Corporate Bond ETF stock traded up $0.05 during midday trading on Friday, reaching $23.34. The stock had a trading volume of 58,846 shares, compared to its average volume of 28,708. The firm’s fifty day simple moving average is $23.33 and its two-hundred day simple moving average is $23.84. Invesco Fundamental Investment Grade Corporate Bond ETF has a twelve month low of $22.93 and a twelve month high of $25.83.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of PFIG. Bank of New York Mellon Corp lifted its position in shares of Invesco Fundamental Investment Grade Corporate Bond ETF by 11.5% in the first 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 in the last quarter. Arkadios Wealth Advisors increased its stake in Invesco Fundamental Investment Grade Corporate Bond ETF by 182.1% in the 1st quarter. Arkadios Wealth Advisors now owns 279,432 shares of the company’s stock valued at $6,715,000 after buying an additional 180,363 shares during the period. Eclectic Associates Inc. ADV purchased a new stake in Invesco Fundamental Investment Grade Corporate Bond ETF in the 3rd quarter worth approximately $1,629,000. Cetera Investment Advisers boosted its stake in shares of Invesco Fundamental Investment Grade Corporate Bond ETF by 30.2% during the 1st quarter. Cetera Investment Advisers now owns 55,356 shares of the company’s stock valued at $1,330,000 after buying an additional 12,834 shares during the period. Finally, Breakwater Capital Group boosted its stake in shares of Invesco Fundamental Investment Grade Corporate Bond ETF by 22.0% during the 3rd quarter. Breakwater Capital Group now owns 50,586 shares of the company’s stock valued at $1,166,000 after buying an additional 9,114 shares during the period.

Invesco Fundamental Investment Grade Corporate Bond ETF Company Profile

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.