Invesco Ultra Short Duration ETF (NYSEARCA:GSY) Sees Large Growth in Short Interest

Invesco Ultra Short Duration ETF (NYSEARCA:GSY) was the target of a significant growth in short interest in June. As of June 15th, there was short interest totaling 294,621 shares, a growth of 223.5% from the May 31st total of 91,073 shares. Currently, 0.4% of the shares of the stock are short sold. Based on an average daily volume of 517,191 shares, the short-interest ratio is presently 0.6 days.

Institutional Trading of Invesco Ultra Short Duration ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. Western Wealth Management LLC acquired a new position in shares of Invesco Ultra Short Duration ETF in the 1st quarter valued at $485,000. Curry Webb Wealth Management LLC acquired a new stake in shares of Invesco Ultra Short Duration ETF during the 1st quarter worth about $11,101,000. NewEdge Advisors LLC increased its position in shares of Invesco Ultra Short Duration ETF by 31.0% during the 1st quarter. NewEdge Advisors LLC now owns 76,264 shares of the company’s stock worth $3,822,000 after purchasing an additional 18,039 shares during the last quarter. Arete Wealth Advisors LLC raised its holdings in Invesco Ultra Short Duration ETF by 38.2% in the 1st quarter. Arete Wealth Advisors LLC now owns 15,806 shares of the company’s stock valued at $792,000 after buying an additional 4,370 shares during the period. Finally, Norris Financial Group LLC purchased a new stake in Invesco Ultra Short Duration ETF in the 1st quarter valued at about $7,096,000.

Invesco Ultra Short Duration ETF Price Performance

Shares of NYSEARCA:GSY traded up $0.02 during midday trading on Monday, hitting $50.15. The company had a trading volume of 3,217,986 shares, compared to its average volume of 822,826. Invesco Ultra Short Duration ETF has a twelve month low of $50.05 and a twelve month high of $50.39. The business’s 50-day simple moving average is $50.16 and its 200-day simple moving average is $50.22.

About Invesco Ultra Short Duration ETF

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.