Invesco Ultra Short Duration ETF (NYSEARCA:GSY) Shares Shorted: Short Interest Up 2,094.9% in September

Invesco Ultra Short Duration ETF (NYSEARCA:GSY) was the recipient of a significant increase in short interest in the month of September. As of September 15th, there was short interest totaling 3,672,881 shares, an increase of 2,094.9% from the August 31st total of 167,337 shares. Based on an average daily volume of 1,050,907 shares, the days-to-cover ratio is presently 3.5 days. Approximately 4.6% of the shares of the company are sold short.

Invesco Ultra Short Duration ETF Price Performance

Shares of NYSEARCA:GSY traded up $0.01 on Thursday, hitting $49.91. The company had a trading volume of 1,852,640 shares, compared to its average volume of 847,995. The stock has a 50 day moving average price of $50.14 and a 200 day moving average price of $50.16. Invesco Ultra Short Duration ETF has a 1-year low of $49.90 and a 1-year high of $50.39.

Institutional Investors Weigh In On Invesco Ultra Short Duration ETF

Several hedge funds have recently bought and sold shares of the stock. NFSG Corp lifted its holdings in shares of 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 buying an additional 311 shares in the last quarter. KWB Wealth grew its stake in shares of Invesco Ultra Short Duration ETF by 3.7% in the second quarter. KWB Wealth now owns 8,990 shares of the company’s stock valued at $451,000 after acquiring an additional 317 shares in the last quarter. Chicago Partners Investment Group LLC increased its position in Invesco Ultra Short Duration ETF by 5.0% during the first quarter. Chicago Partners Investment Group LLC now owns 7,255 shares of the company’s stock worth $364,000 after acquiring an additional 345 shares during the period. Annis Gardner Whiting Capital Advisors LLC increased its position in Invesco Ultra Short Duration ETF by 15.6% during the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 3,175 shares of the company’s stock worth $159,000 after acquiring an additional 429 shares during the period. Finally, Parallel Advisors LLC raised its stake in Invesco Ultra Short Duration ETF by 24.5% in the 1st quarter. Parallel Advisors LLC now owns 2,340 shares of the company’s stock worth $117,000 after purchasing an additional 460 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.