Invesco Total Return Bond ETF (NYSEARCA:GTO – Get Free Report) was the target of a significant growth in short interest in April. As of April 15th, there was short interest totaling 106,620 shares, a growth of 830.2% from the March 31st total of 11,462 shares. Based on an average daily volume of 283,344 shares, the short-interest ratio is currently 0.4 days. Approximately 0.2% of the shares of the stock are sold short.
Institutional Investors Weigh In On Invesco Total Return Bond ETF
Large investors have recently added to or reduced their stakes in the company. True Wealth Design LLC purchased a new stake in Invesco Total Return Bond ETF during the third quarter valued at about $29,000. Longview Financial Advisors Inc. bought a new position in shares of Invesco Total Return Bond ETF during the first quarter valued at about $48,000. TD Private Client Wealth LLC bought a new position in shares of Invesco Total Return Bond ETF during the third quarter valued at about $77,000. Northwestern Mutual Wealth Management Co. grew its stake in shares of Invesco Total Return Bond ETF by 1,365.6% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 1,832 shares of the company’s stock valued at $87,000 after buying an additional 1,707 shares during the last quarter. Finally, KERR FINANCIAL PLANNING Corp bought a new position in shares of Invesco Total Return Bond ETF during the third quarter valued at about $112,000.
Invesco Total Return Bond ETF Stock Performance
NYSEARCA GTO opened at $47.08 on Friday. The stock’s 50-day simple moving average is $47.27 and its two-hundred day simple moving average is $47.47. Invesco Total Return Bond ETF has a twelve month low of $45.65 and a twelve month high of $48.01.
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.
Further Reading
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