Invesco Total Return Bond ETF (NYSEARCA:GTO – Get Free Report) saw a significant growth in short interest in the month of July. As of July 31st, there was short interest totaling 130,784 shares, a growth of 160.2% from the July 15th total of 50,264 shares. Approximately 0.2% of the company’s stock are short sold. Based on an average daily volume of 197,039 shares, the short-interest ratio is currently 0.7 days.
Invesco Total Return Bond ETF Trading Down 0.3%
Shares of NYSEARCA GTO traded down $0.12 during trading on Friday, reaching $46.29. 200,985 shares of the stock were exchanged, compared to its average volume of 249,113. The business’s 50-day moving average price is $46.56 and its 200 day moving average price is $46.96. Invesco Total Return Bond ETF has a twelve month low of $45.88 and a twelve month high of $48.01.
Hedge Funds Weigh In On Invesco Total Return Bond ETF
A number of institutional investors have recently added to or reduced their stakes in GTO. AQR Capital Management LLC grew its stake in shares of Invesco Total Return Bond ETF by 83.0% during the first quarter. AQR Capital Management LLC now owns 85,840 shares of the company’s stock valued at $4,028,000 after acquiring an additional 38,940 shares in the last quarter. Jane Street Group LLC lifted its stake in shares of Invesco Total Return Bond ETF by 75.3% in the first quarter. Jane Street Group LLC now owns 117,963 shares of the company’s stock worth $5,536,000 after acquiring an additional 50,657 shares in the last quarter. Cerity Partners LLC purchased a new position in Invesco Total Return Bond ETF in the second quarter valued at about $2,737,000. Raymond James Financial Inc. boosted its holdings in Invesco Total Return Bond ETF by 16.1% in the second quarter. Raymond James Financial Inc. now owns 481,003 shares of the company’s stock valued at $22,554,000 after purchasing an additional 66,685 shares during the last quarter. Finally, Bank of America Corp DE grew its stake in Invesco Total Return Bond ETF by 45.7% during the 2nd quarter. Bank of America Corp DE now owns 1,070,063 shares of the company’s stock valued at $50,175,000 after purchasing an additional 335,677 shares in the last quarter.
About Invesco Total Return Bond ETF
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.
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