Invesco Ultra Short Duration ETF (NYSEARCA:GSY) Sees Large Volume Increase – Here’s What Happened

Invesco Ultra Short Duration ETF (NYSEARCA:GSY) shares saw unusually-strong trading volume on Tuesday . Approximately 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 Price Performance

The stock has a 50 day moving average of $50.15 and a 200-day moving average of $50.17.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. RFG Advisory LLC boosted its position in Invesco Ultra Short Duration ETF by 17.4% in the second quarter. RFG Advisory LLC now owns 14,013 shares of the company’s stock valued at $703,000 after buying an additional 2,078 shares during the last quarter. NewEdge Advisors LLC raised its position in Invesco Ultra Short Duration ETF by 42.9% during the 2nd quarter. NewEdge Advisors LLC now owns 109,011 shares of the company’s stock worth $5,467,000 after buying an additional 32,747 shares during the last quarter. IFP Advisors Inc lifted its stake in Invesco Ultra Short Duration ETF by 28.3% during the 2nd quarter. IFP Advisors Inc now owns 24,012 shares of the company’s stock valued at $1,204,000 after acquiring an additional 5,292 shares during the period. Beacon Investment Advisory Services Inc. boosted its holdings in shares of Invesco Ultra Short Duration ETF by 69.5% in the 2nd quarter. Beacon Investment Advisory Services Inc. now owns 104,702 shares of the company’s stock valued at $5,251,000 after acquiring an additional 42,930 shares during the last quarter. Finally, Waverly Advisors LLC purchased a new stake in shares of Invesco Ultra Short Duration ETF in the 2nd quarter valued at $6,152,000.

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.