Short Interest in Invesco Ultra Short Duration ETF (NYSEARCA:GSY) Drops By 88.2%

Invesco Ultra Short Duration ETF (NYSEARCA:GSY) was the target of a significant decrease in short interest in the month of August. As of August 14th, there was short interest totaling 64,150 shares, a decrease of 88.2% from the July 30th total of 545,787 shares. Based on an average daily volume of 1,049,439 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.1% of the shares of the stock are sold short.

Invesco Ultra Short Duration ETF Price Performance

Invesco Ultra Short Duration ETF stock remained flat at $50.13 during trading hours on Wednesday. 208,480 shares of the company’s stock were exchanged, compared to its average volume of 794,481. Invesco Ultra Short Duration ETF has a 12-month low of $50.05 and a 12-month high of $50.39. The stock has a fifty day moving average price of $50.17 and a 200 day moving average price of $50.19.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Bank of America Corp DE increased its stake in shares of Invesco Ultra Short Duration ETF by 152.9% in the 1st quarter. Bank of America Corp DE now owns 2,893,767 shares of the company’s stock valued at $145,036,000 after purchasing an additional 1,749,388 shares during the last quarter. Axxcess Wealth Management LLC grew its position in Invesco Ultra Short Duration ETF by 64.5% in the fourth quarter. Axxcess Wealth Management LLC now owns 1,569,623 shares of the company’s stock valued at $78,874,000 after acquiring an additional 615,515 shares during the last quarter. UBS Group AG raised its stake in Invesco Ultra Short Duration ETF by 15.8% during the fourth quarter. UBS Group AG now owns 1,567,074 shares of the company’s stock worth $78,745,000 after acquiring an additional 213,271 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its holdings in shares of Invesco Ultra Short Duration ETF by 673.5% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 1,531,312 shares of the company’s stock worth $76,948,000 after acquiring an additional 1,333,336 shares during the last quarter. Finally, Capital Asset Advisory Services LLC lifted its holdings in shares of Invesco Ultra Short Duration ETF by 17.5% in the first quarter. Capital Asset Advisory Services LLC now owns 1,468,130 shares of the company’s stock worth $73,568,000 after acquiring an additional 218,741 shares during the last quarter.

Invesco Ultra Short Duration ETF Company Profile

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.