Invesco Equal Weight 0-30 Year Treasury ETF (NASDAQ:GOVI) Sees Large Increase in Short Interest

Invesco Equal Weight 0-30 Year Treasury ETF (NASDAQ:GOVI) was the target of a significant increase in short interest in October. As of October 30th, there was short interest totaling 50,716 shares, an increase of 241.6% from the October 15th total of 14,848 shares. Based on an average trading volume of 215,571 shares, the short-interest ratio is presently 0.2 days. Currently, 0.1% of the company’s stock are short sold.

Institutional Investors Weigh In On Invesco Equal Weight 0-30 Year Treasury ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Commonwealth Financial Services LLC acquired a new position in Invesco Equal Weight 0-30 Year Treasury ETF during the third quarter valued at approximately $18,015,000. Private Advisor Group LLC bought a new stake in shares of Invesco Equal Weight 0-30 Year Treasury ETF during the 3rd quarter worth $14,626,000. Bank of America Corp DE grew its stake in Invesco Equal Weight 0-30 Year Treasury ETF by 375.9% in the 1st quarter. Bank of America Corp DE now owns 679,428 shares of the company’s stock valued at $18,534,000 after buying an additional 536,650 shares during the last quarter. Commonwealth Equity Services LLC acquired a new position in Invesco Equal Weight 0-30 Year Treasury ETF in the 3rd quarter valued at $13,480,000. Finally, Simplicity Wealth LLC raised its holdings in Invesco Equal Weight 0-30 Year Treasury ETF by 274.1% in the 3rd quarter. Simplicity Wealth LLC now owns 567,348 shares of the company’s stock worth $14,331,000 after acquiring an additional 415,677 shares during the period.

Invesco Equal Weight 0-30 Year Treasury ETF Stock Down 1.0%

Shares of Invesco Equal Weight 0-30 Year Treasury ETF stock traded down $0.25 during midday trading on Thursday, reaching $25.75. 73,480 shares of the company’s stock traded hands, compared to its average volume of 371,141. The company’s 50 day simple moving average is $25.85 and its 200 day simple moving average is $26.80. Invesco Equal Weight 0-30 Year Treasury ETF has a 52 week low of $25.04 and a 52 week high of $28.23.

Invesco Equal Weight 0-30 Year Treasury ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, October 23rd. Stockholders of record on Monday, October 19th were issued a dividend of $0.0921 per share. The ex-dividend date of this dividend was Monday, October 19th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.3%. This is a negative change from Invesco Equal Weight 0-30 Year Treasury ETF’s previous monthly dividend of $0.0926.

Invesco Equal Weight 0-30 Year Treasury ETF Company Profile

The Invesco Equal Weight 0-30 Year Treasury ETF (GOVI) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks an index that invests in an equal-weighted 30-year ladder of US Treasury securities. GOVI was launched on Oct 11, 2007 and is issued by Invesco.