Invesco Total Return Bond ETF (NYSEARCA:GTO) Sees Significant Increase in Short Interest

Invesco Total Return Bond ETF (NYSEARCA:GTO) was the recipient of a large increase in short interest in the month of January. As of January 30th, there was short interest totaling 54,813 shares, an increase of 176.7% from the January 15th total of 19,807 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average daily volume of 188,028 shares, the days-to-cover ratio is currently 0.3 days. Based on an average daily volume of 188,028 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.1% of the company’s shares are sold short.

Invesco Total Return Bond ETF Stock Performance

NYSEARCA:GTO traded up $0.12 during midday trading on Thursday, hitting $47.77. 44,682 shares of the company traded hands, compared to its average volume of 187,458. The firm’s fifty day moving average is $47.50 and its 200-day moving average is $47.45. Invesco Total Return Bond ETF has a 12-month low of $45.46 and a 12-month high of $48.01.

Invesco Total Return Bond ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Friday, January 23rd. Investors of record on Tuesday, January 20th were issued a dividend of $0.1835 per share. This represents a c) annualized dividend and a yield of 4.6%. The ex-dividend date was Tuesday, January 20th.

Institutional Investors Weigh In On Invesco Total Return Bond ETF

A number of institutional investors and hedge funds have recently modified their holdings of the business. True Wealth Design LLC purchased a new position in shares of Invesco Total Return Bond ETF in the third quarter worth $29,000. Harbour Investments Inc. grew its holdings in Invesco Total Return Bond ETF by 49.7% in the second quarter. Harbour Investments Inc. now owns 1,352 shares of the company’s stock valued at $63,000 after purchasing an additional 449 shares during the period. TD Private Client Wealth LLC acquired a new position in Invesco Total Return Bond ETF during the third quarter worth $77,000. Northwestern Mutual Wealth Management Co. raised its position in shares of Invesco Total Return Bond ETF by 1,365.6% during the 3rd 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 last quarter. Finally, KERR FINANCIAL PLANNING Corp purchased a new position in shares of Invesco Total Return Bond ETF in the third quarter valued at approximately $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.