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

by · The Cerbat Gem

Invesco Ultra Short Duration ETF (NYSEARCA:GSY – Get Free Report) was the target of a large growth in short interest in 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 stock are short sold. Based on an average daily volume of 625,677 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Investors Weigh In On Invesco Ultra Short Duration ETF

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

Invesco Ultra Short Duration ETF Stock Performance

GSY opened at $50.10 on Friday. Invesco Ultra Short Duration ETF has a fifty-two week low of $50.05 and a fifty-two week high of $50.39. The company’s 50-day moving average is $50.16 and its 200 day moving average is $50.17.

About Invesco Ultra Short Duration ETF

(Get Free Report)

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.

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