Invesco Fundamental Investment Grade Corporate Bond ETF (NYSEARCA:PFIG – Get Free Report) saw a significant decrease in short interest in October. As of October 15th, there was short interest totaling 9,294 shares, a decrease of 55.1% from the September 30th total of 20,699 shares. Approximately 0.2% of the shares of the stock are short sold. Based on an average daily volume of 14,074 shares, the days-to-cover ratio is currently 0.7 days.
Institutional Trading of Invesco Fundamental Investment Grade Corporate Bond ETF
Hedge funds have recently made changes to their positions in the company. Insight Advisors LLC PA lifted its stake in Invesco Fundamental Investment Grade Corporate Bond ETF by 8.0% during the 3rd quarter. Insight Advisors LLC PA now owns 36,474 shares of the company’s stock worth $841,000 after acquiring an additional 2,702 shares in the last quarter. Breakwater Capital Group grew its position in Invesco Fundamental Investment Grade Corporate Bond ETF by 22.0% in the 3rd quarter. Breakwater Capital Group now owns 50,586 shares of the company’s stock valued at $1,166,000 after acquiring an additional 9,114 shares in the last quarter. Eclectic Associates Inc. ADV acquired a new position in Invesco Fundamental Investment Grade Corporate Bond ETF in the 3rd quarter valued at about $1,629,000. Envestnet Asset Management Inc. increased its stake in Invesco Fundamental Investment Grade Corporate Bond ETF by 4.8% during the second quarter. Envestnet Asset Management Inc. now owns 11,993 shares of the company’s stock worth $287,000 after purchasing an additional 553 shares during the period. Finally, Citadel Advisors LLC acquired a new position in shares of Invesco Fundamental Investment Grade Corporate Bond ETF in the second quarter valued at approximately $1,156,000.
Invesco Fundamental Investment Grade Corporate Bond ETF Price Performance
Invesco Fundamental Investment Grade Corporate Bond ETF stock traded up $0.05 during trading on Friday, reaching $23.34. The company had a trading volume of 58,846 shares, compared to its average volume of 28,708. The firm’s 50-day simple moving average is $23.33 and its 200 day simple moving average is $23.84. Invesco Fundamental Investment Grade Corporate Bond ETF has a 1-year low of $22.93 and a 1-year high of $25.83.
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.
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