Invesco Ultra Short Duration ETF (NYSEARCA:GSY) Sees Unusually-High Trading Volume – Here’s What Happened

Invesco Ultra Short Duration ETF (NYSEARCA:GSY) saw strong trading volume on Tuesday . 3,189,949 shares were traded during mid-day trading, an increase of 285% from the previous session’s volume of 828,304 shares.The stock last traded at $49.9350 and had previously closed at $49.94.

Invesco Ultra Short Duration ETF Stock Performance

The firm has a 50-day simple moving average of $50.15 and a two-hundred day simple moving average of $50.17.

Institutional Trading of Invesco Ultra Short Duration ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Bank of America Corp DE lifted its holdings in Invesco Ultra Short Duration ETF by 152.9% in the first quarter. Bank of America Corp DE now owns 2,893,767 shares of the company’s stock valued at $145,036,000 after acquiring an additional 1,749,388 shares during the period. Capital Asset Advisory Services LLC increased its holdings in shares of Invesco Ultra Short Duration ETF by 17.5% during the 1st quarter. Capital Asset Advisory Services LLC now owns 1,468,130 shares of the company’s stock valued at $73,568,000 after purchasing an additional 218,741 shares in the last quarter. Axxcess Wealth Management LLC increased its holdings in shares of Invesco Ultra Short Duration ETF by 6.2% during the 1st quarter. Axxcess Wealth Management LLC now owns 1,435,698 shares of the company’s stock valued at $71,957,000 after purchasing an additional 83,509 shares in the last quarter. Cetera Investment Advisers lifted its stake in shares of Invesco Ultra Short Duration ETF by 23.9% in the 1st quarter. Cetera Investment Advisers now owns 1,377,756 shares of the company’s stock valued at $69,053,000 after purchasing an additional 265,615 shares during the period. Finally, Concurrent Investment Advisors LLC lifted its stake in shares of Invesco Ultra Short Duration ETF by 228.6% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 750,546 shares of the company’s stock valued at $37,640,000 after purchasing an additional 522,149 shares during the period.

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.