Invesco Total Return Bond ETF (NYSEARCA:GTO – Get Free Report) saw a large drop in short interest in the month of October. As of October 15th, there was short interest totaling 102,702 shares, a drop of 68.8% from the September 30th total of 329,667 shares. Based on an average daily trading volume, of 416,335 shares, the short-interest ratio is presently 0.2 days. Approximately 0.2% of the company’s stock are sold short.
Invesco Total Return Bond ETF Stock Performance
NYSEARCA:GTO opened at $45.12 on Wednesday. The company has a fifty day simple moving average of $45.35 and a two-hundred day simple moving average of $46.58. Invesco Total Return Bond ETF has a 52 week low of $44.42 and a 52 week high of $47.98.
Institutional Trading of Invesco Total Return Bond ETF
Several hedge funds have recently modified their holdings of the stock. Envestnet Asset Management Inc. boosted its holdings in Invesco Total Return Bond ETF by 32.9% in the second quarter. Envestnet Asset Management Inc. now owns 4,368,117 shares of the company’s stock valued at $189,967,000 after purchasing an additional 1,081,673 shares during the period. Bank of America Corp DE grew its stake in Invesco Total Return Bond ETF by 236.8% during the 1st quarter. Bank of America Corp DE now owns 3,812,087 shares of the company’s stock worth $178,520,000 after purchasing an additional 2,680,104 shares in the last quarter. Bank of New York Mellon Corp grew its stake in Invesco Total Return Bond ETF by 16.8% during the 1st quarter. Bank of New York Mellon Corp now owns 1,331,112 shares of the company’s stock worth $62,336,000 after purchasing an additional 191,848 shares in the last quarter. Private Advisor Group LLC grew its stake in Invesco Total Return Bond ETF by 11.0% during the 1st quarter. Private Advisor Group LLC now owns 1,265,076 shares of the company’s stock worth $59,244,000 after purchasing an additional 125,255 shares in the last quarter. Finally, RTD Financial Advisors Inc. purchased a new stake in Invesco Total Return Bond ETF during the 3rd quarter worth about $40,547,000.
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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