Invesco Investment Grade Defensive ETF (NYSEARCA:IIGD – Get Free Report) was the target of a significant decrease in short interest during the month of May. As of May 29th, there was short interest totaling 264 shares, a decrease of 59.2% from the May 14th total of 647 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average trading volume of 6,899 shares, the days-to-cover ratio is currently 0.0 days.
Invesco Investment Grade Defensive ETF Stock Down 0.1%
IIGD traded down $0.02 during trading on Friday, reaching $24.50. The stock had a trading volume of 37,859 shares, compared to its average volume of 6,220. Invesco Investment Grade Defensive ETF has a one year low of $24.30 and a one year high of $25.08. The business has a 50-day moving average of $24.56 and a 200-day moving average of $24.73.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently modified their holdings of the stock. NewEdge Advisors LLC boosted its holdings in shares of Invesco Investment Grade Defensive ETF by 1.1% during the fourth quarter. NewEdge Advisors LLC now owns 49,463 shares of the company’s stock worth $1,229,000 after purchasing an additional 515 shares during the period. LPL Financial LLC boosted its holdings in shares of Invesco Investment Grade Defensive ETF by 3.4% during the fourth quarter. LPL Financial LLC now owns 233,428 shares of the company’s stock worth $5,800,000 after purchasing an additional 7,726 shares during the period. Flow Traders U.S. LLC purchased a new stake in shares of Invesco Investment Grade Defensive ETF during the third quarter worth about $846,000. Osaic Holdings Inc. boosted its holdings in shares of Invesco Investment Grade Defensive ETF by 96.3% during the second quarter. Osaic Holdings Inc. now owns 12,764 shares of the company’s stock worth $315,000 after purchasing an additional 6,262 shares during the period. Finally, Jane Street Group LLC boosted its holdings in shares of Invesco Investment Grade Defensive ETF by 9.4% during the second quarter. Jane Street Group LLC now owns 15,579 shares of the company’s stock worth $385,000 after purchasing an additional 1,333 shares during the period.
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.
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