Invesco Total Return Bond ETF (NYSEARCA:GTO) Stock Short Interest Declines 68.8%

Invesco Total Return Bond ETF (NYSEARCA:GTO) saw a significant decline in short interest during the month of October. As of October 15th, there was short interest totaling 102,702 shares, a decline of 68.8% from the September 30th total of 329,667 shares. Based on an average daily volume of 416,335 shares, the short-interest ratio is presently 0.2 days. Currently, 0.2% of the company’s stock are sold short.

Invesco Total Return Bond ETF Stock Performance

Invesco Total Return Bond ETF stock traded up $0.12 during trading hours on Friday, reaching $45.27. The stock had a trading volume of 209,626 shares, compared to its average volume of 277,817. The business’s 50 day moving average price is $45.30 and its 200-day moving average price is $46.56. Invesco Total Return Bond ETF has a 52 week low of $44.42 and a 52 week high of $47.98.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the company. Your Advocates Ltd. LLP purchased a new position in Invesco Total Return Bond ETF in the first quarter worth $29,000. Pinnacle Bancorp Inc. purchased a new stake in shares of Invesco Total Return Bond ETF during the 3rd quarter valued at $49,000. Y.D. More Investments Ltd purchased a new stake in shares of Invesco Total Return Bond ETF during the 1st quarter valued at $70,000. Signature Equity Partners LLC lifted its holdings in shares of Invesco Total Return Bond ETF by 8.6% during the 1st quarter. Signature Equity Partners LLC now owns 3,683 shares of the company’s stock valued at $172,000 after purchasing an additional 292 shares during the last quarter. Finally, CoreCap Advisors LLC boosted its position in shares of Invesco Total Return Bond ETF by 40.9% in the 2nd quarter. CoreCap Advisors LLC now owns 3,834 shares of the company’s stock worth $180,000 after purchasing an additional 1,112 shares in the last quarter.

About Invesco Total Return Bond ETF

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.