Invesco Ultra Short Duration ETF (NYSEARCA:GSY) Sees Strong Trading Volume – Here’s Why

Invesco Ultra Short Duration ETF (NYSEARCA:GSY) saw unusually-high trading volume on Monday . Approximately 2,198,877 shares were traded during mid-day trading, an increase of 131% from the previous session’s volume of 953,477 shares.The stock last traded at $50.15 and had previously closed at $50.16.

Invesco Ultra Short Duration ETF Stock Up 0.0%

The company’s 50 day moving average is $50.24 and its 200 day moving average is $50.26.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in GSY. Royal Bank of Canada increased its stake in Invesco Ultra Short Duration ETF by 28.8% in the 1st quarter. Royal Bank of Canada now owns 57,917 shares of the company’s stock worth $2,903,000 after buying an additional 12,962 shares during the period. AQR Capital Management LLC increased its stake in Invesco Ultra Short Duration ETF by 75.6% in the 1st quarter. AQR Capital Management LLC now owns 9,249 shares of the company’s stock worth $464,000 after buying an additional 3,982 shares during the period. NewEdge Advisors LLC increased its stake in Invesco Ultra Short Duration ETF by 5.4% in the 1st quarter. NewEdge Advisors LLC now owns 19,587 shares of the company’s stock worth $982,000 after buying an additional 1,006 shares during the period. Jane Street Group LLC purchased a new position in Invesco Ultra Short Duration ETF in the 1st quarter worth about $355,000. Finally, Invesco Ltd. purchased a new position in Invesco Ultra Short Duration ETF in the 2nd quarter worth about $2,180,000.

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.