Invesco Fundamental High Yield Corporate Bond ETF (NYSEARCA:PHB) Sees Significant Increase in Short Interest

Invesco Fundamental High Yield Corporate Bond ETF (NYSEARCA:PHB) was the target of a large growth in short interest during the month of September. As of September 15th, there was short interest totaling 31,700 shares, a growth of 207.8% from the August 31st total of 10,300 shares. Based on an average daily trading volume, of 50,400 shares, the days-to-cover ratio is presently 0.6 days. Based on an average daily trading volume, of 50,400 shares, the days-to-cover ratio is presently 0.6 days.

Invesco Fundamental High Yield Corporate Bond ETF Trading Down 0.1%

NYSEARCA PHB opened at $18.61 on Friday. The company has a fifty day moving average price of $18.53 and a 200-day moving average price of $18.28. Invesco Fundamental High Yield Corporate Bond ETF has a 1 year low of $17.33 and a 1 year high of $18.73.

Institutional Investors Weigh In On Invesco Fundamental High Yield Corporate Bond ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Golden State Wealth Management LLC purchased a new stake in Invesco Fundamental High Yield Corporate Bond ETF during the 1st quarter valued at about $37,000. Blair William & Co. IL boosted its stake in shares of Invesco Fundamental High Yield Corporate Bond ETF by 88.2% during the first quarter. Blair William & Co. IL now owns 4,985 shares of the company’s stock valued at $90,000 after purchasing an additional 2,336 shares during the period. LPL Financial LLC grew its holdings in shares of Invesco Fundamental High Yield Corporate Bond ETF by 7.5% in the first quarter. LPL Financial LLC now owns 845,119 shares of the company’s stock worth $15,263,000 after purchasing an additional 58,750 shares during the last quarter. Cetera Investment Advisers grew its holdings in shares of Invesco Fundamental High Yield Corporate Bond ETF by 13.3% in the first quarter. Cetera Investment Advisers now owns 170,058 shares of the company’s stock worth $3,071,000 after purchasing an additional 19,968 shares during the last quarter. Finally, Wagner Wealth Management LLC increased its stake in shares of Invesco Fundamental High Yield Corporate Bond ETF by 2.3% in the first quarter. Wagner Wealth Management LLC now owns 42,307 shares of the company’s stock worth $764,000 after buying an additional 953 shares during the period.

Invesco Fundamental High Yield Corporate Bond ETF Company Profile

The Invesco Fundamental High Yield Corporate Bond ETF (PHB) is an exchange-traded fund that is based on the RAFI Bonds US High Yield 1-10 index. The fund tracks a fundamental-weighted index of high-yield US corporate bonds that must be rated between B3\u002FB- and Ba1\u002FBB+. PHB was launched on Nov 15, 2007 and is managed by Invesco.