Short Interest in Invesco Ultra Short Duration ETF (NYSEARCA:GSY) Expands By 349.9%

Invesco Ultra Short Duration ETF (NYSEARCA:GSY) was the recipient of a large increase in short interest in June. As of June 30th, there was short interest totaling 1,325,601 shares, an increase of 349.9% from the June 15th total of 294,621 shares. Based on an average daily volume of 966,354 shares, the short-interest ratio is presently 1.4 days. Approximately 1.8% of the company’s stock are short sold.

Invesco Ultra Short Duration ETF Trading Up 0.0%

NYSEARCA:GSY traded up $0.01 during mid-day trading on Friday, hitting $50.20. The company had a trading volume of 565,271 shares, compared to its average volume of 814,546. The business has a fifty day simple moving average of $50.17 and a 200-day simple moving average of $50.21. Invesco Ultra Short Duration ETF has a 1 year low of $50.05 and a 1 year high of $50.39.

Institutional Investors Weigh In On Invesco Ultra Short Duration ETF

Hedge funds have recently modified their holdings of the stock. Bank of America Corp DE lifted its position in Invesco Ultra Short Duration ETF by 152.9% during the 1st quarter. Bank of America Corp DE now owns 2,893,767 shares of the company’s stock worth $145,036,000 after acquiring an additional 1,749,388 shares in the last quarter. Annex Advisory Services LLC acquired a new stake in Invesco Ultra Short Duration ETF in the fourth quarter valued at approximately $78,124,000. Cambridge Investment Research Advisors Inc. raised its stake in shares of Invesco Ultra Short Duration ETF by 673.5% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 1,531,312 shares of the company’s stock valued at $76,948,000 after purchasing an additional 1,333,336 shares during the period. Tower Research Capital LLC TRC raised its stake in shares of Invesco Ultra Short Duration ETF by 113,742.8% during the fourth quarter. Tower Research Capital LLC TRC now owns 771,854 shares of the company’s stock valued at $38,786,000 after purchasing an additional 771,176 shares during the period. Finally, Axxcess Wealth Management LLC raised its stake in shares of Invesco Ultra Short Duration ETF by 64.5% during the fourth quarter. Axxcess Wealth Management LLC now owns 1,569,623 shares of the company’s stock valued at $78,874,000 after purchasing an additional 615,515 shares during the period.

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.