Short Interest in Invesco Total Return Bond ETF (NYSEARCA:GTO) Increases By 160.2%

Invesco Total Return Bond ETF (NYSEARCA:GTO) was the recipient of a large growth in short interest in July. As of July 31st, there was short interest totaling 130,784 shares, a growth of 160.2% from the July 15th total of 50,264 shares. Currently, 0.2% of the company’s shares are sold short. Based on an average daily trading volume, of 197,039 shares, the short-interest ratio is presently 0.7 days.

Invesco Total Return Bond ETF Stock Performance

NYSEARCA:GTO opened at $46.41 on Friday. The firm has a fifty day simple moving average of $46.57 and a two-hundred day simple moving average of $46.96. Invesco Total Return Bond ETF has a 12 month low of $45.88 and a 12 month high of $48.01.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in GTO. AQR Capital Management LLC increased its holdings in Invesco Total Return Bond ETF by 83.0% during the 1st quarter. AQR Capital Management LLC now owns 85,840 shares of the company’s stock worth $4,028,000 after purchasing an additional 38,940 shares in the last quarter. Jane Street Group LLC increased its stake in shares of Invesco Total Return Bond ETF by 75.3% during the 1st quarter. Jane Street Group LLC now owns 117,963 shares of the company’s stock worth $5,536,000 after purchasing an additional 50,657 shares during the last quarter. Cerity Partners LLC bought a new stake in shares of Invesco Total Return Bond ETF in the second quarter valued at $2,737,000. Raymond James Financial Inc. raised its stake in Invesco Total Return Bond ETF by 16.1% in the 2nd quarter. Raymond James Financial Inc. now owns 481,003 shares of the company’s stock valued at $22,554,000 after acquiring an additional 66,685 shares during the period. Finally, Bank of America Corp DE raised its position in shares of Invesco Total Return Bond ETF by 45.7% in the second quarter. Bank of America Corp DE now owns 1,070,063 shares of the company’s stock valued at $50,175,000 after purchasing an additional 335,677 shares during the period.

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.