Invesco Ultra Short Duration ETF (NYSEARCA:GSY) Sees Significant Growth in Short Interest

Invesco Ultra Short Duration ETF (NYSEARCA:GSY) was the target of a significant growth in short interest in the month of August. As of August 31st, there was short interest totaling 167,337 shares, a growth of 160.9% from the August 15th total of 64,150 shares. Approximately 0.2% of the company’s shares are sold short. Based on an average daily volume of 625,677 shares, the short-interest ratio is currently 0.3 days.

Invesco Ultra Short Duration ETF Price Performance

Shares of GSY stock opened at $50.10 on Friday. Invesco Ultra Short Duration ETF has a 1-year low of $50.05 and a 1-year high of $50.39. The stock has a 50-day moving average of $50.16 and a 200-day moving average of $50.17.

Institutional Trading of Invesco Ultra Short Duration ETF

Large investors have recently bought and sold shares of the business. Bank of America Corp DE increased 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 worth $145,036,000 after purchasing an additional 1,749,388 shares in the last quarter. Axxcess Wealth Management LLC increased its stake in Invesco Ultra Short Duration ETF by 64.5% in the fourth quarter. Axxcess Wealth Management LLC now owns 1,569,623 shares of the company’s stock valued at $78,874,000 after purchasing an additional 615,515 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its holdings in shares of Invesco Ultra Short Duration ETF by 673.5% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 1,531,312 shares of the company’s stock valued at $76,948,000 after purchasing an additional 1,333,336 shares during the period. Capital Asset Advisory Services LLC grew its stake in shares of 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 valued at $73,568,000 after buying an additional 218,741 shares during the period. Finally, Cetera Investment Advisers increased its position in 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 buying an additional 265,615 shares in the last quarter.

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.