Short Interest in Invesco Fundamental Investment Grade Corporate Bond ETF (NYSEARCA:PFIG) Expands By 54.3%

Invesco Fundamental Investment Grade Corporate Bond ETF (NYSEARCA:PFIG) saw a significant growth in short interest in July. As of July 31st, there was short interest totaling 6,223 shares, a growth of 54.3% from the July 15th total of 4,034 shares. Based on an average trading volume of 33,229 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.1% of the company’s shares are short sold.

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

Large investors have recently modified their holdings of the stock. Breakwater Capital Group raised its holdings in Invesco Fundamental Investment Grade Corporate Bond ETF by 18.3% in the 2nd quarter. Breakwater Capital Group now owns 41,472 shares of the company’s stock valued at $992,000 after acquiring an additional 6,421 shares during the period. Eclectic Associates Inc. ADV grew its position in shares of Invesco Fundamental Investment Grade Corporate Bond ETF by 9.3% in the second quarter. Eclectic Associates Inc. ADV now owns 70,334 shares of the company’s stock valued at $1,682,000 after purchasing an additional 5,961 shares during the last quarter. Western Wealth Management LLC bought a new position in shares of Invesco Fundamental Investment Grade Corporate Bond ETF during the first quarter worth approximately $77,000. Arkadios Wealth Advisors increased its stake in shares of Invesco Fundamental Investment Grade Corporate Bond ETF by 182.1% during the first quarter. Arkadios Wealth Advisors now owns 279,432 shares of the company’s stock worth $6,715,000 after purchasing an additional 180,363 shares during the period. Finally, Cetera Investment Advisers lifted its holdings in 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 worth $1,330,000 after purchasing an additional 12,834 shares during the last quarter.

Invesco Fundamental Investment Grade Corporate Bond ETF Price Performance

Shares of Invesco Fundamental Investment Grade Corporate Bond ETF stock opened at $23.70 on Tuesday. The business’s 50 day simple moving average is $23.81 and its 200 day simple moving average is $24.01. Invesco Fundamental Investment Grade Corporate Bond ETF has a 52-week low of $23.59 and a 52-week high of $25.83.

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.