Invesco Ultra Short Duration ETF (NYSEARCA:GSY – Get Free Report) was the target of a significant growth in short interest during the month of April. As of April 30th, there was short interest totaling 171,966 shares, a growth of 101.4% from the April 15th total of 85,389 shares. Based on an average daily volume of 793,978 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.2% of the shares of the stock are short sold.
Institutional Inflows and Outflows
A number of large investors have recently added to or reduced their stakes in GSY. Royal Bank of Canada raised its holdings in Invesco Ultra Short Duration ETF by 28.8% in the 1st quarter. Royal Bank of Canada now owns 57,917 shares of the company’s stock valued at $2,903,000 after buying an additional 12,962 shares during the last quarter. AQR Capital Management LLC raised its holdings in Invesco Ultra Short Duration ETF by 75.6% in the 1st quarter. AQR Capital Management LLC now owns 9,249 shares of the company’s stock valued at $464,000 after buying an additional 3,982 shares during the last quarter. NewEdge Advisors LLC raised 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 valued at $982,000 after buying an additional 1,006 shares during the last quarter. Jane Street Group LLC bought a new position in Invesco Ultra Short Duration ETF in the 1st quarter valued at approximately $355,000. Finally, Invesco Ltd. bought a new position in Invesco Ultra Short Duration ETF in the 2nd quarter valued at approximately $2,180,000.
Invesco Ultra Short Duration ETF Price Performance
Shares of GSY traded down $0.01 during mid-day trading on Friday, hitting $50.22. 519,462 shares of the company traded hands, compared to its average volume of 869,673. The business has a 50-day moving average of $50.18 and a 200 day moving average of $50.24. Invesco Ultra Short Duration ETF has a one year low of $49.99 and a one year high of $50.39.
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.
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