Short Interest in Invesco Fundamental Investment Grade Corporate Bond ETF (NYSEARCA:PFIG) Grows By 166.4%

by · The Markets Daily

Invesco Fundamental Investment Grade Corporate Bond ETF (NYSEARCA:PFIG – Get Free Report) 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. Approximately 0.5% of the company’s shares are short sold. Based on an average daily volume of 43,933 shares, the days-to-cover ratio is currently 0.5 days. 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 company’s shares are short sold.

Institutional Trading of Invesco Fundamental Investment Grade Corporate Bond ETF

Institutional investors have recently bought and sold shares of the business. Osaic Holdings Inc. increased its holdings in shares of Invesco Fundamental Investment Grade Corporate Bond ETF by 314.9% during the second quarter. Osaic Holdings Inc. now owns 2,282 shares of the company’s stock worth $55,000 after purchasing an additional 1,732 shares during the period. Nikulski Financial Inc. acquired a new stake in Invesco Fundamental Investment Grade Corporate Bond ETF during the second quarter worth approximately $340,000. JPMorgan Chase & Co. bought a new position in Invesco Fundamental Investment Grade Corporate Bond ETF during the 2nd quarter worth $375,000. Royal Bank of Canada raised its holdings in Invesco Fundamental Investment Grade Corporate Bond ETF by 6.9% in the 1st quarter. Royal Bank of Canada now owns 16,147 shares of the company’s stock valued at $384,000 after acquiring an additional 1,039 shares in the last quarter. Finally, Cetera Investment Advisers lifted its position in shares of Invesco Fundamental Investment Grade Corporate Bond ETF by 96.6% during the 2nd quarter. Cetera Investment Advisers now owns 18,986 shares of the company’s stock valued at $457,000 after acquiring an additional 9,330 shares during the period.

Invesco Fundamental Investment Grade Corporate Bond ETF Stock Up 0.0%

Shares of NYSEARCA PFIG traded up $0.01 during mid-day trading on Friday, hitting $24.27. The company’s stock had a trading volume of 8,246 shares, compared to its average volume of 33,747. The company’s fifty day simple moving average is $24.29 and its 200-day simple moving average is $24.25. Invesco Fundamental Investment Grade Corporate Bond ETF has a one year low of $22.64 and a one year high of $26.96.

Invesco Fundamental Investment Grade Corporate Bond ETF Increases Dividend

The firm also recently declared 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. This is a positive change from Invesco Fundamental Investment Grade Corporate Bond ETF’s previous monthly dividend of $0.09. This represents a c) dividend on an annualized basis and a yield of 4.3%. The ex-dividend date of this dividend was Tuesday, January 20th.

About Invesco Fundamental Investment Grade Corporate Bond ETF

(Get Free Report)

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.

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