Invesco Ultra Short Duration ETF (NYSEARCA:GSY) Sees Unusually-High Trading Volume – Still a Buy?

Invesco Ultra Short Duration ETF (NYSEARCA:GSYGet Free Report) saw unusually-strong trading volume on Monday . 1,186,532 shares were traded during mid-day trading, an increase of 50% from the previous session’s volume of 789,369 shares.The stock last traded at $50.15 and had previously closed at $50.14.

Invesco Ultra Short Duration ETF Stock Performance

The firm has a 50-day moving average of $50.16 and a two-hundred day moving average of $50.20.

Hedge Funds Weigh In On Invesco Ultra Short Duration ETF

Several large investors have recently made changes to their positions in GSY. Hilltop Holdings Inc. boosted its holdings in Invesco Ultra Short Duration ETF by 2.1% during the fourth quarter. Hilltop Holdings Inc. now owns 11,615 shares of the company’s stock worth $584,000 after buying an additional 244 shares in the last quarter. Parallel Advisors LLC increased its holdings in Invesco Ultra Short Duration ETF by 6.6% in the third quarter. Parallel Advisors LLC now owns 4,880 shares of the company’s stock valued at $245,000 after buying an additional 300 shares in the last quarter. NFSG Corp increased its holdings in Invesco Ultra Short Duration ETF by 30.0% in the first quarter. NFSG Corp now owns 1,349 shares of the company’s stock valued at $68,000 after buying an additional 311 shares in the last quarter. KWB Wealth raised its position in shares of Invesco Ultra Short Duration ETF by 3.7% in the second quarter. KWB Wealth now owns 8,990 shares of the company’s stock worth $451,000 after acquiring an additional 317 shares during the period. Finally, Stratos Wealth Partners LTD. raised its position in shares of Invesco Ultra Short Duration ETF by 2.3% in the fourth quarter. Stratos Wealth Partners LTD. now owns 14,838 shares of the company’s stock worth $746,000 after acquiring an additional 338 shares during the period.

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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