Invesco Ultra Short Duration ETF (NYSEARCA:GSY) Shares Shorted: Short Interest Up 485.4% in October

Invesco Ultra Short Duration ETF (NYSEARCA:GSY) saw a significant increase in short interest in the month of October. As of October 15th, there was short interest totaling 1,847,002 shares, an increase of 485.4% from the September 30th total of 315,535 shares. Based on an average trading volume of 1,102,349 shares, the days-to-cover ratio is presently 1.7 days. Approximately 2.3% of the company’s stock are sold short.

Invesco Ultra Short Duration ETF Trading Up 0.1%

Shares of NYSEARCA:GSY traded up $0.03 during trading hours on Thursday, hitting $49.99. The company’s stock had a trading volume of 229,431 shares, compared to its average volume of 858,983. Invesco Ultra Short Duration ETF has a 52 week low of $49.90 and a 52 week high of $50.39. The firm’s fifty day moving average price is $50.05 and its 200 day moving average price is $50.16.

Hedge Funds Weigh In On Invesco Ultra Short Duration ETF

A number of large investors have recently bought and sold shares of GSY. Royal Harbor Partners LLC lifted its stake in shares of Invesco Ultra Short Duration ETF by 2.5% during the third quarter. Royal Harbor Partners LLC now owns 298,888 shares of the company’s stock worth $14,923,000 after buying an additional 7,293 shares during the period. Elevation Capital Advisory LLC purchased a new position in Invesco Ultra Short Duration ETF during the third quarter valued at approximately $213,000. International Assets Investment Management LLC increased its holdings in shares of Invesco Ultra Short Duration ETF by 978.9% during the 3rd quarter. International Assets Investment Management LLC now owns 125,000 shares of the company’s stock valued at $6,241,000 after purchasing an additional 113,414 shares in the last quarter. D.A. Davidson & CO. acquired a new position in shares of Invesco Ultra Short Duration ETF in the third quarter worth about $3,831,000. Finally, Oppenheimer & Co. Inc. acquired a new position in Invesco Ultra Short Duration ETF in the 3rd quarter worth about $1,551,000.

About Invesco Ultra Short Duration ETF

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.