Invesco Short Term Treasury ETF (NYSEARCA:TBLL) Sees Large Growth in Short Interest

Invesco Short Term Treasury ETF (NYSEARCA:TBLL) was the recipient of a large growth in short interest in May. As of May 29th, there was short interest totaling 410,894 shares, a growth of 856.1% from the May 14th total of 42,974 shares. Currently, 1.5% of the company’s stock are sold short. Based on an average trading volume of 441,610 shares, the short-interest ratio is presently 0.9 days.

Invesco Short Term Treasury ETF Stock Up 0.0%

NYSEARCA:TBLL opened at $105.72 on Friday. Invesco Short Term Treasury ETF has a twelve month low of $105.40 and a twelve month high of $105.90. The stock’s 50 day moving average price is $105.62 and its two-hundred day moving average price is $105.65.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in TBLL. CPR Investments Inc. increased its position in shares of Invesco Short Term Treasury ETF by 141.2% during the 1st quarter. CPR Investments Inc. now owns 376,870 shares of the company’s stock worth $39,779,000 after purchasing an additional 220,633 shares during the last quarter. Royal Bank of Canada increased its holdings in shares of Invesco Short Term Treasury ETF by 1,844.8% during the 1st quarter. Royal Bank of Canada now owns 218,591 shares of the company’s stock worth $23,073,000 after acquiring an additional 207,351 shares during the last quarter. Bank of America Corp DE increased its holdings in shares of Invesco Short Term Treasury ETF by 96.4% during the 2nd quarter. Bank of America Corp DE now owns 376,723 shares of the company’s stock worth $39,759,000 after acquiring an additional 184,891 shares during the last quarter. Janney Montgomery Scott LLC acquired a new position in shares of Invesco Short Term Treasury ETF during the 1st quarter worth approximately $15,043,000. Finally, Northwestern Mutual Wealth Management Co. increased its holdings in shares of Invesco Short Term Treasury ETF by 2,130.0% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 129,496 shares of the company’s stock worth $13,681,000 after acquiring an additional 123,689 shares during the last quarter.

About Invesco Short Term Treasury ETF

The Invesco Short Term Treasury ETF (TBLL) is an exchange-traded fund that is based on the ICE US Treasury Short Bond index. The fund tracks a market-weighted index of debt issued by the US Treasury. Remaining maturity must be between 1-12 months. TBLL was launched on Jan 12, 2017 and is issued by Invesco.