Invesco Investment Grade Defensive ETF (NYSEARCA:IIGD) Sees Large Increase in Short Interest

Invesco Investment Grade Defensive ETF (NYSEARCA:IIGD) was the recipient of a large growth in short interest in October. As of October 15th, there was short interest totaling 4,955 shares, a growth of 150.5% from the September 30th total of 1,978 shares. Based on an average daily volume of 16,477 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.5% of the company’s stock are sold short.

Invesco Investment Grade Defensive ETF Price Performance

NYSEARCA IIGD traded up $0.04 during trading hours on Friday, hitting $24.04. 810 shares of the company were exchanged, compared to its average volume of 6,157. The company has a 50 day moving average of $24.01 and a two-hundred day moving average of $24.45. Invesco Investment Grade Defensive ETF has a 52-week low of $23.76 and a 52-week high of $24.98.

Institutional Trading of Invesco Investment Grade Defensive ETF

A hedge fund recently raised its stake in Invesco Investment Grade Defensive ETF stock. Citadel Advisors LLC boosted its position in Invesco Investment Grade Defensive ETF (NYSEARCA:IIGD) by 137.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 57,170 shares of the company’s stock after acquiring an additional 33,057 shares during the quarter. Citadel Advisors LLC owned 5.20% of Invesco Investment Grade Defensive ETF worth $1,398,000 at the end of the most recent quarter.

Invesco Investment Grade Defensive ETF Company Profile

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.