Invesco Ultra Short Duration ETF (NYSEARCA:GSY) Shares Shorted: Short Interest Down 91.4% in September

Invesco Ultra Short Duration ETF (NYSEARCA:GSY) was the recipient of a significant decline in short interest in the month of September. As of September 30th, there was short interest totaling 315,535 shares, a decline of 91.4% from the September 15th total of 3,672,881 shares. Approximately 0.4% of the shares of the company are short sold. Based on an average daily trading volume, of 1,560,072 shares, the days-to-cover ratio is currently 0.2 days.

Invesco Ultra Short Duration ETF Stock Up 0.0%

Shares of NYSEARCA GSY traded up $0.02 during trading on Friday, reaching $50.04. 870,093 shares of the stock traded hands, compared to its average volume of 857,708. Invesco Ultra Short Duration ETF has a 52-week low of $49.90 and a 52-week high of $50.39. The company has a 50-day moving average of $50.10 and a 200-day moving average of $50.14.

Hedge Funds Weigh In On Invesco Ultra Short Duration ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Atwood & Palmer Inc. purchased a new stake in shares of Invesco Ultra Short Duration ETF during the 3rd quarter valued at approximately $137,000. YHB Investment Advisors Inc. purchased a new position in Invesco Ultra Short Duration ETF in the 3rd quarter valued at approximately $1,254,000. Gradient Investments LLC bought a new stake in Invesco Ultra Short Duration ETF during the 3rd quarter valued at $51,672,000. Avidian Wealth Enterprises LLC purchased a new stake in shares of Invesco Ultra Short Duration ETF during the third quarter worth $1,845,000. Finally, Legacy Solutions LLC lifted its position in shares of Invesco Ultra Short Duration ETF by 3.2% during the third quarter. Legacy Solutions LLC now owns 40,946 shares of the company’s stock worth $2,044,000 after acquiring an additional 1,285 shares in the last quarter.

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.