Invesco Investment Grade Defensive ETF (NYSEARCA:IIGD) Sees Large Decline in Short Interest

Invesco Investment Grade Defensive ETF (NYSEARCA:IIGD) saw a significant decline in short interest in the month of March. As of March 31st, there was short interest totaling 780 shares, a decline of 15.0% from the March 15th total of 918 shares. Based on an average daily volume of 10,810 shares, the short-interest ratio is presently 0.1 days. Currently, 0.1% of the company’s shares are sold short.

Institutional Investors Weigh In On Invesco Investment Grade Defensive ETF

A number of institutional investors have recently made changes to their positions in the stock. LPL Financial LLC raised its stake in shares of Invesco Investment Grade Defensive ETF by 3.4% in the 4th quarter. LPL Financial LLC now owns 233,428 shares of the company’s stock valued at $5,800,000 after acquiring an additional 7,726 shares during the period. NewEdge Advisors LLC raised its stake in shares of Invesco Investment Grade Defensive ETF by 1.1% in the 4th quarter. NewEdge Advisors LLC now owns 49,463 shares of the company’s stock valued at $1,229,000 after acquiring an additional 515 shares during the period. Flow Traders U.S. LLC purchased a new stake in shares of Invesco Investment Grade Defensive ETF in the 3rd quarter valued at approximately $846,000. Trilogy Capital Inc. raised its stake in shares of Invesco Investment Grade Defensive ETF by 74.0% in the 3rd quarter. Trilogy Capital Inc. now owns 28,924 shares of the company’s stock valued at $718,000 after acquiring an additional 12,299 shares during the period. Finally, Jane Street Group LLC raised its stake in shares of Invesco Investment Grade Defensive ETF by 9.4% in the 2nd quarter. Jane Street Group LLC now owns 15,579 shares of the company’s stock valued at $385,000 after acquiring an additional 1,333 shares during the period.

Invesco Investment Grade Defensive ETF Price Performance

IIGD stock traded up $0.05 during trading on Friday, reaching $24.76. 1,865 shares of the stock were exchanged, compared to its average volume of 5,472. The business has a 50 day moving average price of $24.76 and a 200-day moving average price of $24.82. Invesco Investment Grade Defensive ETF has a 1 year low of $24.30 and a 1 year high of $25.08.

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.