Invesco Total Return Bond ETF (NYSEARCA:GTO) Sees Significant Drop in Short Interest

Invesco Total Return Bond ETF (NYSEARCA:GTO) saw a large drop in short interest during the month of August. As of August 14th, there was short interest totaling 79,728 shares, a drop of 39.0% from the July 30th total of 130,784 shares. Based on an average daily volume of 182,456 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.2% of the shares of the company are sold short.

Invesco Total Return Bond ETF Trading Down 0.3%

Shares of NYSEARCA:GTO traded down $0.14 during trading on Tuesday, reaching $45.90. The company had a trading volume of 251,465 shares, compared to its average volume of 249,429. Invesco Total Return Bond ETF has a fifty-two week low of $45.88 and a fifty-two week high of $48.01. The stock’s fifty day moving average price is $46.42 and its 200 day moving average price is $46.86.

Hedge Funds Weigh In On Invesco Total Return Bond ETF

A number of large investors have recently bought and sold shares of GTO. Corient Private Wealth LP purchased a new stake in shares of Invesco Total Return Bond ETF in the second quarter valued at about $6,814,000. Aspire Capital Advisors LLC lifted its position in Invesco Total Return Bond ETF by 31.4% in the second quarter. Aspire Capital Advisors LLC now owns 25,475 shares of the company’s stock valued at $1,194,000 after purchasing an additional 6,093 shares during the period. Asset Allocation Strategies LLC lifted its position in Invesco Total Return Bond ETF by 69.8% in the second quarter. Asset Allocation Strategies LLC now owns 260,054 shares of the company’s stock valued at $11,603,000 after purchasing an additional 106,871 shares during the period. KWB Wealth boosted its holdings in Invesco Total Return Bond ETF by 40.8% in the 2nd quarter. KWB Wealth now owns 352,169 shares of the company’s stock valued at $16,506,000 after purchasing an additional 102,132 shares in the last quarter. Finally, Focus Financial Network Inc. increased its position in Invesco Total Return Bond ETF by 7.9% during the 2nd quarter. Focus Financial Network Inc. now owns 294,261 shares of the company’s stock worth $13,792,000 after purchasing an additional 21,645 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.