Invesco Ultra Short Duration ETF (NYSEARCA:GSY) Sees Unusually-High Trading Volume – Time to Buy?

Shares of Invesco Ultra Short Duration ETF (NYSEARCA:GSY) saw an uptick in trading volume on Tuesday . 3,189,949 shares traded hands 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 company has a 50 day moving average price of $50.14 and a 200-day moving average price of $50.16.

Institutional Trading of Invesco Ultra Short Duration ETF

Large investors have recently bought and sold shares of the company. Bank of America Corp DE increased its position in Invesco Ultra Short Duration ETF by 152.9% during the 1st quarter. Bank of America Corp DE now owns 2,893,767 shares of the company’s stock valued at $145,036,000 after buying an additional 1,749,388 shares in the last quarter. Capital Asset Advisory Services LLC raised its holdings in Invesco Ultra Short Duration ETF by 17.5% in the 1st quarter. Capital Asset Advisory Services LLC now owns 1,468,130 shares of the company’s stock worth $73,568,000 after acquiring an additional 218,741 shares during the last quarter. Axxcess Wealth Management LLC lifted its position in Invesco Ultra Short Duration ETF by 6.2% in the 1st quarter. Axxcess Wealth Management LLC now owns 1,435,698 shares of the company’s stock valued at $71,957,000 after acquiring an additional 83,509 shares in the last quarter. Cetera Investment Advisers boosted its stake in Invesco Ultra Short Duration ETF by 23.9% during 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 last quarter. Finally, Envestnet Asset Management Inc. boosted its position in shares of Invesco Ultra Short Duration ETF by 42.1% during the second quarter. Envestnet Asset Management Inc. now owns 903,256 shares of the company’s stock valued at $45,298,000 after buying an additional 267,572 shares during 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.