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 target of a significant growth in short interest in the month of January. As of January 30th, there was short interest totaling 37,740 shares, a growth of 77.6% from the January 15th total of 21,246 shares. Approximately 0.9% of the company’s shares are sold short. Based on an average daily volume of 23,644 shares, the short-interest ratio is currently 1.6 days. Based on an average daily volume of 23,644 shares, the short-interest ratio is currently 1.6 days. Approximately 0.9% of the company’s shares are sold short.

Hedge Funds Weigh In On Invesco Fundamental Investment Grade Corporate Bond ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Bank of New York Mellon Corp grew its holdings in Invesco Fundamental Investment Grade Corporate Bond ETF by 1.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,128,946 shares of the company’s stock worth $27,169,000 after acquiring an additional 20,351 shares during the period. Nikulski Financial Inc. lifted its stake in shares of Invesco Fundamental Investment Grade Corporate Bond ETF by 93.6% in the 3rd quarter. Nikulski Financial Inc. now owns 27,330 shares of the company’s stock valued at $662,000 after purchasing an additional 13,215 shares during the period. Breakwater Capital Group boosted its position 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 valued at $1,072,000 after purchasing an additional 5,660 shares in the last quarter. Jones Financial Companies Lllp grew its stake 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 worth $1,346,000 after purchasing an additional 4,073 shares during the period. Finally, Eclectic Associates Inc. ADV bought a new stake in Invesco Fundamental Investment Grade Corporate Bond ETF in the fourth quarter worth approximately $693,000.

Invesco Fundamental Investment Grade Corporate Bond ETF Trading Up 0.2%

Shares of NYSEARCA PFIG traded up $0.04 during trading on Friday, reaching $24.45. The company had a trading volume of 35,401 shares, compared to its average volume of 34,233. The company’s fifty day moving average price is $24.30 and its 200-day moving average price is $24.27. Invesco Fundamental Investment Grade Corporate Bond ETF has a 12 month low of $22.64 and a 12 month high of $26.96.

Invesco Fundamental Investment Grade Corporate Bond ETF Increases Dividend

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

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.