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

Invesco Fundamental Investment Grade Corporate Bond ETF (NYSEARCA:PFIG) was the recipient of a significant increase in short interest in the month of January. As of January 15th, there was short interest totaling 21,246 shares, an increase of 166.4% from the December 31st total of 7,975 shares. Based on an average daily volume of 43,933 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.5% of the shares of the company are short sold. Approximately 0.5% of the shares of the company are short sold. Based on an average daily volume of 43,933 shares, the days-to-cover ratio is currently 0.5 days.

Invesco Fundamental Investment Grade Corporate Bond ETF Price Performance

PFIG traded up $0.02 during trading on Thursday, reaching $24.26. The company’s stock had a trading volume of 50,024 shares, compared to its average volume of 35,091. The company’s fifty day moving average price is $24.30 and its 200-day moving average price is $24.24. Invesco Fundamental Investment Grade Corporate Bond ETF has a 52-week low of $22.64 and a 52-week high of $26.96.

Invesco Fundamental Investment Grade Corporate Bond ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, January 23rd. Investors of record on Tuesday, January 20th were given a dividend of $0.0876 per share. The ex-dividend date was Tuesday, January 20th. This represents a c) annualized dividend and a dividend yield of 4.3%. This is an increase from Invesco Fundamental Investment Grade Corporate Bond ETF’s previous monthly dividend of $0.09.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in PFIG. Royal Bank of Canada lifted its position in Invesco Fundamental Investment Grade Corporate Bond ETF by 6.9% during the first quarter. Royal Bank of Canada now owns 16,147 shares of the company’s stock worth $384,000 after buying an additional 1,039 shares during the period. Osaic Holdings Inc. raised its position in shares of Invesco Fundamental Investment Grade Corporate Bond ETF by 314.9% in the 2nd quarter. Osaic Holdings Inc. now owns 2,282 shares of the company’s stock worth $55,000 after buying an additional 1,732 shares during the period. Bank of America Corp DE boosted its holdings in Invesco Fundamental Investment Grade Corporate Bond ETF by 8.3% in the third quarter. Bank of America Corp DE now owns 45,993 shares of the company’s stock valued at $1,115,000 after acquiring an additional 3,539 shares during the last quarter. Jones Financial Companies Lllp grew its position in Invesco Fundamental Investment Grade Corporate Bond ETF by 7.9% during the third quarter. Jones Financial Companies Lllp now owns 55,691 shares of the company’s stock valued at $1,346,000 after acquiring an additional 4,073 shares during the period. Finally, Breakwater Capital Group grew its holdings in shares of Invesco Fundamental Investment Grade Corporate Bond ETF by 14.7% during the 3rd quarter. Breakwater Capital Group now owns 44,215 shares of the company’s stock worth $1,072,000 after purchasing an additional 5,660 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.