Invesco Ultra Short Duration ETF (NYSEARCA:GSY) Short Interest Update

Invesco Ultra Short Duration ETF (NYSEARCA:GSY) was the recipient of a significant decline in short interest in the month of May. As of May 29th, there was short interest totaling 91,073 shares, a decline of 36.7% from the May 14th total of 143,976 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily volume of 532,392 shares, the days-to-cover ratio is currently 0.2 days.

Invesco Ultra Short Duration ETF Stock Performance

Invesco Ultra Short Duration ETF stock traded up $0.02 during mid-day trading on Tuesday, reaching $50.26. The company’s stock had a trading volume of 431,491 shares, compared to its average volume of 805,142. The business has a 50 day moving average price of $50.17 and a 200-day moving average price of $50.22. Invesco Ultra Short Duration ETF has a twelve month low of $50.05 and a twelve month high of $50.39.

Hedge Funds Weigh In On Invesco Ultra Short Duration ETF

A number of hedge funds have recently added to or reduced their stakes in GSY. Capstone Wealth Management Group LLC bought a new stake in shares of Invesco Ultra Short Duration ETF during the third quarter valued at about $10,105,000. Bright Futures Wealth Management LLC. bought a new stake in shares of Invesco Ultra Short Duration ETF during the third quarter valued at about $549,000. Capital Asset Advisory Services LLC raised its stake in shares of Invesco Ultra Short Duration ETF by 49.9% during the fourth quarter. Capital Asset Advisory Services LLC now owns 1,249,389 shares of the company’s stock valued at $62,832,000 after purchasing an additional 416,003 shares in the last quarter. Beacon Investment Advisory Services Inc. raised its stake in shares of Invesco Ultra Short Duration ETF by 67.0% during the fourth quarter. Beacon Investment Advisory Services Inc. now owns 117,880 shares of the company’s stock valued at $5,923,000 after purchasing an additional 47,297 shares in the last quarter. Finally, Flagship Harbor Advisors LLC raised its stake in shares of Invesco Ultra Short Duration ETF by 9.1% during the fourth quarter. Flagship Harbor Advisors LLC now owns 186,865 shares of the company’s stock valued at $9,390,000 after purchasing an additional 15,532 shares in the last quarter.

Invesco Ultra Short Duration ETF Company Profile

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.