Invesco Total Return Bond ETF (NYSEARCA:GTO – Get Free Report) was the target of a large decline in short interest in August. As of August 14th, there was short interest totaling 79,728 shares, a decline of 39.0% from the July 30th total of 130,784 shares. Based on an average daily volume of 182,456 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.2% of the company’s stock are sold short.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. AQR Capital Management LLC increased its holdings in shares of Invesco Total Return Bond ETF by 83.0% during the 1st quarter. AQR Capital Management LLC now owns 85,840 shares of the company’s stock valued at $4,028,000 after purchasing an additional 38,940 shares in the last quarter. Jane Street Group LLC boosted its position in Invesco Total Return Bond ETF by 75.3% during the first quarter. Jane Street Group LLC now owns 117,963 shares of the company’s stock worth $5,536,000 after purchasing an additional 50,657 shares in the last quarter. Cerity Partners LLC purchased a new position in Invesco Total Return Bond ETF during the second quarter worth approximately $2,737,000. Raymond James Financial Inc. grew 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 period. Finally, Bank of America Corp DE grew its holdings in Invesco Total Return Bond ETF by 45.7% in the second 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 during the period.
Invesco Total Return Bond ETF Stock Up 0.1%
Shares of NYSEARCA:GTO traded up $0.03 during trading on Wednesday, reaching $45.93. The stock had a trading volume of 30,213 shares, compared to its average volume of 248,083. The firm’s 50-day simple moving average is $46.40 and its 200 day simple moving average is $46.84. Invesco Total Return Bond ETF has a one year low of $45.88 and a one year high of $48.01.
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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