Short Interest in Invesco Total Return Bond ETF (NYSEARCA:GTO) Expands By 141.6%

Invesco Total Return Bond ETF (NYSEARCA:GTO) saw a large growth in short interest in the month of October. As of October 15th, there was short interest totaling 36,000 shares, a growth of 141.6% from the September 30th total of 14,900 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily volume of 200,400 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily volume of 200,400 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.1% of the shares of the stock are short sold.

Invesco Total Return Bond ETF Price Performance

Shares of GTO opened at $47.56 on Friday. The business’s 50 day moving average is $47.57 and its 200 day moving average is $46.86. Invesco Total Return Bond ETF has a 12-month low of $45.46 and a 12-month high of $48.01.

Institutional Trading of Invesco Total Return Bond ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Bank of New York Mellon Corp increased its stake in Invesco Total Return Bond ETF by 76.8% in the 1st quarter. Bank of New York Mellon Corp now owns 1,108,392 shares of the company’s stock worth $52,017,000 after acquiring an additional 481,544 shares during the last quarter. Comerica Bank increased its stake in Invesco Total Return Bond ETF by 12.6% in the 1st quarter. Comerica Bank now owns 16,564 shares of the company’s stock worth $777,000 after acquiring an additional 1,855 shares during the last quarter. Janney Montgomery Scott LLC increased its stake in Invesco Total Return Bond ETF by 34.0% in the 1st quarter. Janney Montgomery Scott LLC now owns 15,311 shares of the company’s stock worth $719,000 after acquiring an additional 3,886 shares during the last quarter. J.W. Cole Advisors Inc. bought a new stake in Invesco Total Return Bond ETF in the 1st quarter worth approximately $1,191,000. Finally, Drive Wealth Management LLC bought a new stake in Invesco Total Return Bond ETF in the 2nd quarter worth approximately $657,000.

Invesco Total Return Bond ETF Company Profile

The Invesco Total Return Bond ETF (GTO) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund with the ability to invest in any number of fixed income securities with varying credit ratings, countries, and durations. GTO was launched on Feb 10, 2016 and is managed by Invesco.