Invesco Ultra Short Duration ETF (NYSEARCA:GSY) Shares Shorted: Short Interest Up 485.4% in October

Invesco Ultra Short Duration ETF (NYSEARCA:GSY) saw a large increase in short interest in the month of October. As of October 15th, there was short interest totaling 1,847,002 shares, an increase of 485.4% from the September 30th total of 315,535 shares. Currently, 2.3% of the company’s shares are sold short. Based on an average daily trading volume, of 1,102,349 shares, the short-interest ratio is currently 1.7 days.

Hedge Funds Weigh In On Invesco Ultra Short Duration ETF

A number of institutional investors have recently modified their holdings of GSY. Bank of America Corp DE boosted its position in 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 worth $145,036,000 after purchasing an additional 1,749,388 shares in the last quarter. Capital Asset Advisory Services LLC grew its position in shares of Invesco Ultra Short Duration ETF by 17.5% during the 1st quarter. Capital Asset Advisory Services LLC now owns 1,468,130 shares of the company’s stock valued at $73,568,000 after acquiring an additional 218,741 shares during the period. Axxcess Wealth Management LLC raised its holdings in Invesco Ultra Short Duration ETF by 6.2% in the 1st quarter. Axxcess Wealth Management LLC now owns 1,435,698 shares of the company’s stock worth $71,957,000 after purchasing an additional 83,509 shares during the period. Cetera Investment Advisers boosted its position in Invesco Ultra Short Duration ETF by 23.9% during the first quarter. Cetera Investment Advisers now owns 1,377,756 shares of the company’s stock worth $69,053,000 after purchasing an additional 265,615 shares in the last quarter. Finally, Johnson Bixby & Associates LLC grew its holdings in Invesco Ultra Short Duration ETF by 305.8% in the third quarter. Johnson Bixby & Associates LLC now owns 1,206,535 shares of the company’s stock valued at $60,242,000 after purchasing an additional 909,179 shares during the period.

Invesco Ultra Short Duration ETF Price Performance

GSY traded down $0.01 on Tuesday, hitting $49.95. The company had a trading volume of 193,524 shares, compared to its average volume of 860,183. The stock has a fifty day moving average price of $50.06 and a 200-day moving average price of $50.16. Invesco Ultra Short Duration ETF has a 12-month low of $49.90 and a 12-month high of $50.39.

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.