Invesco Investment Grade Defensive ETF (NYSEARCA:IIGD) Sees Significant Drop in Short Interest

Invesco Investment Grade Defensive ETF (NYSEARCA:IIGD) saw a significant decline in short interest in October. As of October 30th, there was short interest totaling 621 shares, a decline of 87.5% from the October 15th total of 4,955 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily volume of 4,313 shares, the days-to-cover ratio is presently 0.1 days.

Invesco Investment Grade Defensive ETF Stock Down 0.1%

Invesco Investment Grade Defensive ETF stock traded down $0.02 during trading hours on Wednesday, hitting $23.99. The stock had a trading volume of 355 shares, compared to its average volume of 6,082. Invesco Investment Grade Defensive ETF has a 1-year low of $23.76 and a 1-year high of $24.98. The stock’s fifty day moving average is $23.98 and its two-hundred day moving average is $24.42.

Institutional Investors Weigh In On Invesco Investment Grade Defensive ETF

Institutional investors and hedge funds have recently made changes to their positions in the business. HighTower Advisors LLC purchased a new stake in shares of Invesco Investment Grade Defensive ETF in the third quarter valued at about $381,000. Citadel Advisors LLC increased its stake in shares of Invesco Investment Grade Defensive ETF by 137.1% during the 2nd quarter. Citadel Advisors LLC now owns 57,170 shares of the company’s stock worth $1,398,000 after purchasing an additional 33,057 shares in the last quarter. Finally, Core Wealth Advisors Inc. raised its position in shares of Invesco Investment Grade Defensive ETF by 64.9% during the 1st quarter. Core Wealth Advisors Inc. now owns 62,255 shares of the company’s stock worth $1,531,000 after purchasing an additional 24,494 shares during the last quarter.

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.