Invesco Ultra Short Duration ETF (NYSEARCA:GSY) Short Interest Down 88.2% in August

Invesco Ultra Short Duration ETF (NYSEARCA:GSYGet Free Report) was the recipient of a large drop in short interest in August. As of August 14th, there was short interest totaling 64,150 shares, a drop of 88.2% from the July 30th total of 545,787 shares. Based on an average daily volume of 1,049,439 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.1% of the company’s stock are sold short.

Invesco Ultra Short Duration ETF Price Performance

GSY remained flat at $50.13 during trading on Thursday. 480,761 shares of the company traded hands, compared to its average volume of 795,090. Invesco Ultra Short Duration ETF has a 1 year low of $50.05 and a 1 year high of $50.39. The stock has a fifty day moving average of $50.17 and a 200-day moving average of $50.19.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in GSY. Tucker Asset Management LLC bought a new stake in Invesco Ultra Short Duration ETF during the fourth quarter valued at $25,000. Motiv8 Investments LLC bought a new stake in shares of Invesco Ultra Short Duration ETF during the 4th quarter valued at about $31,000. Beacon Capital Management Inc. grew its position in shares of Invesco Ultra Short Duration ETF by 302.4% during the 4th quarter. Beacon Capital Management Inc. now owns 684 shares of the company’s stock valued at $34,000 after buying an additional 514 shares during the last quarter. SHP Wealth Management acquired a new stake in Invesco Ultra Short Duration ETF during the fourth quarter worth about $35,000. Finally, NFSG Corp raised its stake in Invesco Ultra Short Duration ETF by 30.0% during the first quarter. NFSG Corp now owns 1,349 shares of the company’s stock worth $68,000 after acquiring an additional 311 shares during the period.

Invesco Ultra Short Duration ETF Company Profile

(Get Free Report)

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.

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