Short Interest in Invesco Short Term Treasury ETF (NYSEARCA:TBLL) Expands By 378.8%

Invesco Short Term Treasury ETF (NYSEARCA:TBLL) was the target of a significant growth in short interest in the month of July. As of July 15th, there was short interest totaling 68,071 shares, a growth of 378.8% from the June 30th total of 14,216 shares. Approximately 0.3% of the shares of the company are sold short. Based on an average trading volume of 190,811 shares, the days-to-cover ratio is presently 0.4 days.

Invesco Short Term Treasury ETF Stock Performance

Shares of TBLL remained flat at $105.51 during mid-day trading on Monday. 135,328 shares of the stock were exchanged, compared to its average volume of 300,413. The stock’s 50-day simple moving average is $105.61 and its two-hundred day simple moving average is $105.64. Invesco Short Term Treasury ETF has a twelve month low of $105.42 and a twelve month high of $105.90.

Institutional Investors Weigh In On Invesco Short Term Treasury ETF

Several hedge funds have recently made changes to their positions in the business. Mascoma Wealth Management LLC purchased a new position in shares of Invesco Short Term Treasury ETF during the fourth quarter worth about $42,000. Flagship Harbor Advisors LLC purchased a new position in shares of Invesco Short Term Treasury ETF in the 4th quarter valued at approximately $191,000. Tidemark LLC grew its stake in shares of Invesco Short Term Treasury ETF by 21.4% in the 4th quarter. Tidemark LLC now owns 2,023 shares of the company’s stock valued at $214,000 after purchasing an additional 357 shares during the last quarter. StoneX Group Inc. acquired a new position in shares of Invesco Short Term Treasury ETF in the fourth quarter valued at approximately $244,000. Finally, CIBC Bancorp USA Inc. acquired a new position in shares of Invesco Short Term Treasury ETF in the third quarter valued at approximately $245,000.

About Invesco Short Term Treasury ETF

The Invesco Short Term Treasury ETF (TBLL) is an exchange-traded fund that is based on the ICE US Treasury Short Bond index. The fund tracks a market-weighted index of debt issued by the US Treasury. Remaining maturity must be between 1-12 months. TBLL was launched on Jan 12, 2017 and is issued by Invesco.