Invesco Fundamental Investment Grade Corporate Bond ETF (NYSEARCA:PFIG) Short Interest Up 561.7% in June

Invesco Fundamental Investment Grade Corporate Bond ETF (NYSEARCA:PFIG) was the target of a large growth in short interest during the month of June. As of June 15th, there was short interest totaling 6,253 shares, a growth of 561.7% from the May 31st total of 945 shares. Based on an average daily volume of 9,522 shares, the short-interest ratio is currently 0.7 days. Currently, 0.1% of the shares of the company are short sold.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in PFIG. Eclectic Associates Inc. ADV bought a new stake in Invesco Fundamental Investment Grade Corporate Bond ETF in the 4th quarter valued at $693,000. Truist Financial Corp boosted its position in Invesco Fundamental Investment Grade Corporate Bond ETF by 27.0% during the fourth quarter. Truist Financial Corp now owns 209,109 shares of the company’s stock worth $5,079,000 after purchasing an additional 44,395 shares during the period. Nikulski Financial Inc. boosted its position in Invesco Fundamental Investment Grade Corporate Bond ETF by 162.7% during the fourth quarter. Nikulski Financial Inc. now owns 71,805 shares of the company’s stock worth $1,744,000 after purchasing an additional 44,475 shares during the period. Osaic Holdings Inc. boosted its position in 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. Finally, Equitable Holdings Inc. increased its holdings in shares of Invesco Fundamental Investment Grade Corporate Bond ETF by 0.7% in the fourth quarter. Equitable Holdings Inc. now owns 61,968 shares of the company’s stock valued at $1,505,000 after purchasing an additional 443 shares during the last quarter.

Invesco Fundamental Investment Grade Corporate Bond ETF Price Performance

NYSEARCA PFIG traded up $0.02 during trading on Friday, reaching $23.95. 15,672 shares of the company’s stock were exchanged, compared to its average volume of 25,713. The business has a 50 day moving average price of $23.96 and a 200-day moving average price of $24.14. Invesco Fundamental Investment Grade Corporate Bond ETF has a fifty-two week low of $23.69 and a fifty-two week high of $26.96.

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.