Invesco Investment Grade Defensive ETF (NYSEARCA:IIGD) Stock Short Interest Declines 73.3%

Invesco Investment Grade Defensive ETF (NYSEARCA:IIGD) was the target of a large decline in short interest in September. As of September 15th, there was short interest totaling 484 shares, a decline of 73.3% from the August 31st total of 1,812 shares. Based on an average daily trading volume, of 6,033 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the shares of the stock are sold short.

Invesco Investment Grade Defensive ETF Price Performance

NYSEARCA IIGD traded down $0.06 during trading hours on Monday, reaching $23.78. The company’s stock had a trading volume of 10,850 shares, compared to its average volume of 5,678. Invesco Investment Grade Defensive ETF has a fifty-two week low of $23.76 and a fifty-two week high of $24.99. The company’s 50-day moving average is $24.24 and its two-hundred day moving average is $24.43.

Institutional Trading of Invesco Investment Grade Defensive ETF

Several institutional investors and hedge funds have recently modified their holdings of the business. Trilogy Capital Inc. grew its position in shares of Invesco Investment Grade Defensive ETF by 14.5% in the first quarter. Trilogy Capital Inc. now owns 33,124 shares of the company’s stock valued at $815,000 after purchasing an additional 4,200 shares during the last quarter. Citadel Advisors LLC raised its position in shares of Invesco Investment Grade Defensive ETF by 137.1% during the 2nd quarter. Citadel Advisors LLC now owns 57,170 shares of the company’s stock worth $1,398,000 after purchasing an additional 33,057 shares during the last quarter. Finally, Core Wealth Advisors Inc. lifted its stake in Invesco Investment Grade Defensive ETF by 64.9% in the 1st quarter. Core Wealth Advisors Inc. now owns 62,255 shares of the company’s stock valued at $1,531,000 after buying an additional 24,494 shares in the last quarter.

About Invesco Investment Grade Defensive ETF

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.