Invesco Short Term Treasury ETF (NYSEARCA:TBLL) Stock Short Interest Declines 55.6%

Invesco Short Term Treasury ETF (NYSEARCA:TBLL) was the target of a large decrease in short interest in the month of September. As of September 30th, there was short interest totaling 40,311 shares, a decrease of 55.6% from the September 15th total of 90,867 shares. Based on an average daily trading volume, of 478,435 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.1% of the company’s stock are short sold.

Invesco Short Term Treasury ETF Stock Performance

Shares of TBLL remained flat at $105.72 during midday trading on Wednesday. The stock had a trading volume of 191,368 shares, compared to its average volume of 310,739. Invesco Short Term Treasury ETF has a fifty-two week low of $105.46 and a fifty-two week high of $105.90. The firm has a 50 day moving average price of $105.67 and a 200 day moving average price of $105.63.

Institutional Trading of Invesco Short Term Treasury ETF

A number of hedge funds have recently added to or reduced their stakes in TBLL. Spartan Planning & Wealth Management purchased a new position in Invesco Short Term Treasury ETF during the 3rd quarter valued at about $442,000. Councilor Wealth LLC bought a new position in shares of Invesco Short Term Treasury ETF during the third quarter valued at approximately $1,185,000. Stableford Capital II LLC purchased a new position in Invesco Short Term Treasury ETF during the third quarter valued at approximately $216,000. Whalen Wealth Management Inc. purchased a new position in Invesco Short Term Treasury ETF during the third quarter valued at approximately $260,000. Finally, Crumly & Associates Inc. purchased a new stake in Invesco Short Term Treasury ETF during the third quarter worth $262,000.

About Invesco Short Term Treasury ETF

The Invesco Short Term Treasury ETF (TBLL) is an exchange-traded fund that is based on the ICE US Treasury Short Bond index. The fund tracks a market-weighted index of debt issued by the US Treasury. Remaining maturity must be between 1-12 months. TBLL was launched on Jan 12, 2017 and is issued by Invesco.