Invesco Fundamental Investment Grade Corporate Bond ETF (NYSEARCA:PFIG) Sees Large Decrease in Short Interest

Invesco Fundamental Investment Grade Corporate Bond ETF (NYSEARCA:PFIG) was the target of a large decline in short interest in October. As of October 15th, there was short interest totaling 9,294 shares, a decline of 55.1% from the September 30th total of 20,699 shares. Based on an average trading volume of 14,074 shares, the short-interest ratio is currently 0.7 days. Approximately 0.2% of the shares of the stock are short sold.

Invesco Fundamental Investment Grade Corporate Bond ETF Stock Performance

NYSEARCA PFIG traded up $0.05 on Friday, reaching $23.34. The company’s stock had a trading volume of 58,846 shares, compared to its average volume of 28,708. The business has a 50-day moving average price of $23.33 and a 200 day moving average price of $23.84. Invesco Fundamental Investment Grade Corporate Bond ETF has a 52 week low of $22.93 and a 52 week high of $25.83.

Institutional Investors Weigh In On Invesco Fundamental Investment Grade Corporate Bond ETF

Institutional investors have recently added to or reduced their stakes in the stock. Arkadios Wealth Advisors grew its stake in shares of Invesco Fundamental Investment Grade Corporate Bond ETF by 182.1% in the 1st quarter. Arkadios Wealth Advisors now owns 279,432 shares of the company’s stock valued at $6,715,000 after purchasing an additional 180,363 shares during the period. Bank of New York Mellon Corp raised its holdings in shares of Invesco Fundamental Investment Grade Corporate Bond ETF by 11.5% in the 1st quarter. Bank of New York Mellon Corp now owns 1,264,118 shares of the company’s stock worth $30,377,000 after buying an additional 130,301 shares in the last quarter. Eclectic Associates Inc. ADV bought a new position in shares of Invesco Fundamental Investment Grade Corporate Bond ETF during the 3rd quarter worth approximately $1,629,000. Citadel Advisors LLC bought a new position in shares of Invesco Fundamental Investment Grade Corporate Bond ETF during the 2nd quarter worth approximately $1,156,000. Finally, Cetera Investment Advisers lifted its position in shares of 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 buying an additional 12,834 shares during the period.

Invesco Fundamental Investment Grade Corporate Bond ETF Company Profile

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.