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

Invesco Fundamental Investment Grade Corporate Bond ETF (NYSEARCA:PFIG) was the recipient of a large increase in short interest in the month of December. As of December 31st, there was short interest totaling 7,975 shares, an increase of 24.9% from the December 15th total of 6,386 shares. Based on an average daily volume of 20,735 shares, the short-interest ratio is presently 0.4 days. Currently, 0.2% of the company’s shares are short sold. Currently, 0.2% of the company’s shares are short sold. Based on an average daily volume of 20,735 shares, the short-interest ratio is presently 0.4 days.

Invesco Fundamental Investment Grade Corporate Bond ETF Trading Down 0.2%

Shares of NYSEARCA:PFIG opened at $24.29 on Tuesday. Invesco Fundamental Investment Grade Corporate Bond ETF has a 12 month low of $22.64 and a 12 month high of $26.96. The firm’s 50-day moving average is $24.30 and its 200 day moving average is $24.23.

Invesco Fundamental Investment Grade Corporate Bond ETF Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, January 23rd. Stockholders of record on Tuesday, January 20th will be issued a $0.0876 dividend. The ex-dividend date is Tuesday, January 20th. This is a positive change from Invesco Fundamental Investment Grade Corporate Bond ETF’s previous monthly dividend of $0.09. This represents a c) annualized dividend and a dividend yield of 4.3%.

Hedge Funds Weigh In On Invesco Fundamental Investment Grade Corporate Bond ETF

Several hedge funds have recently bought and sold shares of the business. Osaic Holdings Inc. lifted its position 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 last quarter. Nikulski Financial Inc. purchased a new stake in Invesco Fundamental Investment Grade Corporate Bond ETF in the 2nd quarter valued at about $340,000. JPMorgan Chase & Co. bought a new position in Invesco Fundamental Investment Grade Corporate Bond ETF in the 2nd quarter worth about $375,000. Royal Bank of Canada grew its stake 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 worth $384,000 after acquiring an additional 1,039 shares in the last quarter. Finally, Cetera Investment Advisers increased its position in shares of Invesco Fundamental Investment Grade Corporate Bond ETF by 96.6% during the second quarter. Cetera Investment Advisers now owns 18,986 shares of the company’s stock worth $457,000 after acquiring an additional 9,330 shares during the period.

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.