Invesco Total Return Bond ETF (NYSEARCA:GTO) Stock Short Interest Drops 68.6%

Invesco Total Return Bond ETF (NYSEARCA:GTO) was the target of a large decrease in short interest during the month of September. As of September 15th, there was short interest totaling 38,740 shares, a decrease of 68.6% from the August 31st total of 123,408 shares. Based on an average trading volume of 254,906 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.1% of the company’s stock are sold short.

Invesco Total Return Bond ETF Trading Up 0.1%

Shares of NYSEARCA GTO traded up $0.04 during mid-day trading on Friday, reaching $44.90. The company had a trading volume of 877,143 shares, compared to its average volume of 257,997. The firm has a 50 day simple moving average of $45.98 and a two-hundred day simple moving average of $46.56. Invesco Total Return Bond ETF has a 52-week low of $44.74 and a 52-week high of $47.98.

Institutional Trading of Invesco Total Return Bond ETF

A number of hedge funds have recently added to or reduced their stakes in the stock. Private Advisor Group LLC lifted its holdings in shares of Invesco Total Return Bond ETF by 11.0% in the 1st quarter. Private Advisor Group LLC now owns 1,265,076 shares of the company’s stock valued at $59,244,000 after buying an additional 125,255 shares during the period. Gaddis Premier Wealth Advisors LLC acquired a new position in Invesco Total Return Bond ETF during the fourth quarter worth $876,000. Integrity Wealth Advisors Inc. grew its holdings in Invesco Total Return Bond ETF by 282.6% during the fourth quarter. Integrity Wealth Advisors Inc. now owns 136,376 shares of the company’s stock worth $6,470,000 after acquiring an additional 100,736 shares during the period. Curry Webb Wealth Management LLC purchased a new position in Invesco Total Return Bond ETF in the first quarter worth $6,296,000. Finally, NewEdge Advisors LLC raised its position in Invesco Total Return Bond ETF by 109.5% in the second quarter. NewEdge Advisors LLC now owns 492,314 shares of the company’s stock worth $23,075,000 after acquiring an additional 257,366 shares in the last quarter.

About Invesco Total Return Bond ETF

The Invesco Total Return Bond ETF (GTO) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund with the ability to invest in any number of fixed income securities with varying credit ratings, countries, and durations. GTO was launched on Feb 10, 2016 and is managed by Invesco.