Invesco Ultra Short Duration ETF (NYSEARCA:GSY) Stock Short Interest Rises 485.4%

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

Institutional Investors Weigh In On Invesco Ultra Short Duration ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Bank of America Corp DE increased its position in Invesco Ultra Short Duration ETF by 152.9% in the first quarter. Bank of America Corp DE now owns 2,893,767 shares of the company’s stock worth $145,036,000 after buying an additional 1,749,388 shares during the last quarter. Capital Asset Advisory Services LLC grew its position in 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 worth $73,568,000 after acquiring an additional 218,741 shares during the last quarter. Axxcess Wealth Management LLC grew 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 acquiring an additional 83,509 shares during the last quarter. Cetera Investment Advisers boosted its holdings in Invesco Ultra Short Duration ETF by 23.9% in the first quarter. Cetera Investment Advisers now owns 1,377,756 shares of the company’s stock valued at $69,053,000 after acquiring an additional 265,615 shares in the last quarter. Finally, Johnson Bixby & Associates LLC grew its holdings in shares of Invesco Ultra Short Duration ETF by 305.8% during the 3rd quarter. Johnson Bixby & Associates LLC now owns 1,206,535 shares of the company’s stock worth $60,242,000 after acquiring an additional 909,179 shares during the period.

Invesco Ultra Short Duration ETF Stock Performance

Shares of NYSEARCA:GSY traded down $0.01 during mid-day trading on Tuesday, reaching $49.95. The stock had a trading volume of 193,524 shares, compared to its average volume of 860,183. Invesco Ultra Short Duration ETF has a twelve month low of $49.90 and a twelve month high of $50.39. The firm has a 50 day simple moving average of $50.06 and a two-hundred day simple moving average of $50.16.

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.