Invesco Total Return Bond ETF (NYSEARCA:GTO) Short Interest Up 139.4% in February

Invesco Total Return Bond ETF (NYSEARCA:GTO) was the target of a large increase in short interest in February. As of February 13th, there was short interest totaling 131,207 shares, an increase of 139.4% from the January 29th total of 54,813 shares. Based on an average daily trading volume, of 266,454 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.3% of the shares of the stock are short sold. Currently, 0.3% of the shares of the stock are short sold. Based on an average daily trading volume, of 266,454 shares, the days-to-cover ratio is currently 0.5 days.

Invesco Total Return Bond ETF Price Performance

Shares of GTO stock traded up $0.07 during mid-day trading on Friday, hitting $47.95. The company had a trading volume of 2,670,411 shares, compared to its average volume of 268,962. The stock’s 50 day moving average price is $47.59 and its 200-day moving average price is $47.53. Invesco Total Return Bond ETF has a 52-week low of $45.46 and a 52-week high of $48.01.

Invesco Total Return Bond ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Friday, February 27th. Shareholders of record on Monday, February 23rd were paid a $0.1797 dividend. The ex-dividend date was Monday, February 23rd. This represents a c) annualized dividend and a yield of 4.5%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. True Wealth Design LLC purchased a new stake in shares of Invesco Total Return Bond ETF in the third quarter worth about $29,000. TD Private Client Wealth LLC bought a new stake in Invesco Total Return Bond ETF in the 3rd quarter worth approximately $77,000. Northwestern Mutual Wealth Management Co. increased its stake in Invesco Total Return Bond ETF by 1,365.6% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 1,832 shares of the company’s stock worth $87,000 after acquiring an additional 1,707 shares during the last quarter. KERR FINANCIAL PLANNING Corp purchased a new stake in shares of Invesco Total Return Bond ETF during the 3rd quarter worth approximately $112,000. Finally, Montag A & Associates Inc. bought a new position in shares of Invesco Total Return Bond ETF during the 3rd quarter valued at approximately $137,000.

Invesco Total Return Bond ETF Company Profile

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.