Short Interest in Invesco Total Return Bond ETF (NYSEARCA:GTO) Rises By 420.6%
by Renee Jackson · The Cerbat GemInvesco Total Return Bond ETF (NYSEARCA:GTO – Get Free Report) was the target of a significant increase in short interest in the month of May. As of May 15th, there was short interest totaling 89,551 shares, an increase of 420.6% from the April 30th total of 17,201 shares. Based on an average daily trading volume, of 206,953 shares, the short-interest ratio is currently 0.4 days. Approximately 0.2% of the company’s shares are short sold.
Invesco Total Return Bond ETF Stock Performance
NYSEARCA GTO traded up $0.04 during trading on Friday, hitting $46.92. 148,558 shares of the company’s stock traded hands, compared to its average volume of 262,006. The stock has a fifty day moving average of $46.90 and a two-hundred day moving average of $47.32. Invesco Total Return Bond ETF has a 12-month low of $46.10 and a 12-month high of $48.01.
Institutional Trading of Invesco Total Return Bond ETF
Institutional investors have recently modified their holdings of the company. Your Advocates Ltd. LLP purchased a new stake in shares of Invesco Total Return Bond ETF during the first quarter worth about $29,000. Longview Financial Advisors Inc. purchased a new stake in shares of Invesco Total Return Bond ETF during the first quarter worth about $48,000. Y.D. More Investments Ltd purchased a new stake in shares of Invesco Total Return Bond ETF during the first quarter worth about $70,000. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Invesco Total Return Bond ETF by 1,365.6% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 1,832 shares of the company’s stock worth $87,000 after purchasing an additional 1,707 shares during the period. Finally, KERR FINANCIAL PLANNING Corp purchased a new stake in shares of Invesco Total Return Bond ETF during the third quarter worth about $112,000.
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.