Invesco Ultra Short Duration ETF (NYSEARCA:GSY) Sees Significant Growth in Short Interest

Invesco Ultra Short Duration ETF (NYSEARCA:GSY) saw a significant growth in short interest in April. As of April 30th, there was short interest totaling 171,966 shares, a growth of 101.4% from the April 15th total of 85,389 shares. Currently, 0.2% of the shares of the company are short sold. Based on an average daily volume of 793,978 shares, the short-interest ratio is presently 0.2 days.

Hedge Funds Weigh In On Invesco Ultra Short Duration ETF

Several large investors have recently made changes to their positions in the business. Gateway Wealth Partners LLC lifted its position in shares of Invesco Ultra Short Duration ETF by 107.9% in the first quarter. Gateway Wealth Partners LLC now owns 24,734 shares of the company’s stock valued at $1,240,000 after acquiring an additional 12,839 shares in the last quarter. Matrix Private Capital Group LLC purchased a new position in shares of Invesco Ultra Short Duration ETF in the first quarter valued at about $69,000. Cetera Investment Advisers lifted its position in shares of Invesco Ultra Short Duration ETF by 23.9% in the first quarter. Cetera Investment Advisers now owns 1,377,756 shares of the company’s stock valued at $69,053,000 after acquiring an additional 265,615 shares in the last quarter. NewEdge Wealth LLC lifted its position in shares of Invesco Ultra Short Duration ETF by 9.5% in the first quarter. NewEdge Wealth LLC now owns 6,318 shares of the company’s stock valued at $317,000 after acquiring an additional 547 shares in the last quarter. Finally, Legacy Wealth Managment LLC ID lifted its position in shares of Invesco Ultra Short Duration ETF by 61.4% in the first quarter. Legacy Wealth Managment LLC ID now owns 24,528 shares of the company’s stock valued at $1,229,000 after acquiring an additional 9,327 shares in the last quarter.

Invesco Ultra Short Duration ETF Price Performance

Shares of Invesco Ultra Short Duration ETF stock traded down $0.01 during trading hours on Friday, hitting $50.22. The company’s stock had a trading volume of 519,462 shares, compared to its average volume of 869,673. The business has a 50 day moving average price of $50.18 and a two-hundred day moving average price of $50.24. Invesco Ultra Short Duration ETF has a 12-month low of $49.99 and a 12-month high of $50.39.

About Invesco Ultra Short Duration ETF

The Invesco Ultra Short Duration ETF (GSY) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund seeks to outperform the Barclays Capital 1-3 Month U.S. Treasury Bill Index by investing in a diverse portfolio of investment-grade securities. GSY was launched on Feb 12, 2008 and is managed by Invesco.