Invesco Ultra Short Duration ETF (NYSEARCA:GSY – Get Free Report) was the recipient of a large decrease in short interest in the month of May. As of May 29th, there was short interest totaling 91,073 shares, a decrease of 36.7% from the May 14th total of 143,976 shares. Based on an average daily volume of 532,392 shares, the short-interest ratio is currently 0.2 days. Approximately 0.1% of the shares of the company are sold short.
Institutional Investors Weigh In On Invesco Ultra Short Duration ETF
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Curry Webb Wealth Management LLC purchased a new stake in Invesco Ultra Short Duration ETF in the 1st quarter worth approximately $11,101,000. NewEdge Advisors LLC increased its holdings in Invesco Ultra Short Duration ETF by 31.0% in the 1st quarter. NewEdge Advisors LLC now owns 76,264 shares of the company’s stock worth $3,822,000 after acquiring an additional 18,039 shares in the last quarter. Arete Wealth Advisors LLC increased its holdings in Invesco Ultra Short Duration ETF by 38.2% in the 1st quarter. Arete Wealth Advisors LLC now owns 15,806 shares of the company’s stock worth $792,000 after acquiring an additional 4,370 shares in the last quarter. Norris Financial Group LLC purchased a new stake in Invesco Ultra Short Duration ETF in the 1st quarter worth approximately $7,096,000. Finally, Western Wealth Management LLC purchased a new stake in Invesco Ultra Short Duration ETF in the 1st quarter worth approximately $485,000.
Invesco Ultra Short Duration ETF Stock Performance
Shares of NYSEARCA:GSY opened at $50.23 on Monday. The firm’s 50 day moving average price is $50.17 and its 200-day moving average price is $50.22. Invesco Ultra Short Duration ETF has a twelve month low of $50.05 and a twelve month 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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