Invesco Total Return Bond ETF (NYSEARCA:GTO) Sees Large Increase in Short Interest

Invesco Total Return Bond ETF (NYSEARCA:GTO) saw a significant growth in short interest in March. As of March 13th, there was short interest totaling 132,779 shares, a growth of 120.0% from the February 26th total of 60,361 shares. Based on an average daily volume of 233,957 shares, the short-interest ratio is currently 0.6 days. Currently, 0.3% of the company’s stock are sold short.

Hedge Funds Weigh In On Invesco Total Return Bond ETF

Institutional investors have recently modified their holdings of the business. True Wealth Design LLC purchased a new position in shares of Invesco Total Return Bond ETF during the 3rd quarter valued at $29,000. TD Private Client Wealth LLC purchased a new stake in Invesco Total Return Bond ETF in the 3rd quarter worth about $77,000. Northwestern Mutual Wealth Management Co. raised its stake in Invesco Total Return Bond ETF by 1,365.6% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 1,832 shares of the company’s stock valued at $87,000 after acquiring an additional 1,707 shares during the period. KERR FINANCIAL PLANNING Corp bought a new stake in Invesco Total Return Bond ETF in the 3rd quarter valued at about $112,000. Finally, Montag A & Associates Inc. purchased a new stake in Invesco Total Return Bond ETF during the third quarter valued at about $137,000.

Invesco Total Return Bond ETF Stock Down 0.6%

Invesco Total Return Bond ETF stock traded down $0.26 during midday trading on Thursday, hitting $46.51. 335,133 shares of the stock were exchanged, compared to its average volume of 258,292. Invesco Total Return Bond ETF has a 52-week low of $45.46 and a 52-week high of $48.01. The business’s 50-day moving average price is $47.49 and its 200-day moving average price is $47.56.

Invesco Total Return Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, February 27th. Stockholders of record on Monday, February 23rd were paid a $0.1797 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 4.6%. The ex-dividend date was Monday, February 23rd.

Invesco Total Return Bond ETF Company Profile

The Invesco Total Return Bond ETF (GTO) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund with the ability to invest in any number of fixed income securities with varying credit ratings, countries, and durations. GTO was launched on Feb 10, 2016 and is managed by Invesco.