Invesco Total Return Bond ETF (NYSEARCA:GTO) Sees Large Growth in Short Interest

Invesco Total Return Bond ETF (NYSEARCA:GTO) was the target of a large growth in short interest in January. As of January 30th, there was short interest totaling 54,813 shares, a growth of 176.7% from the January 15th total of 19,807 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average trading volume of 188,028 shares, the days-to-cover ratio is presently 0.3 days. Based on an average trading volume of 188,028 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.1% of the company’s stock are short sold.

Invesco Total Return Bond ETF Price Performance

GTO stock traded up $0.16 during trading hours on Friday, reaching $47.97. 447,718 shares of the stock were exchanged, compared to its average volume of 211,254. Invesco Total Return Bond ETF has a 12 month low of $45.46 and a 12 month high of $48.01. The firm’s 50-day moving average is $47.51 and its 200-day moving average is $47.46.

Invesco Total Return Bond ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Friday, January 23rd. Stockholders of record on Tuesday, January 20th were paid a $0.1835 dividend. The ex-dividend date of this dividend was Tuesday, January 20th. This represents a c) annualized dividend and a dividend yield of 4.6%.

Hedge Funds Weigh In On Invesco Total Return Bond ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Dynamic Advisor Solutions LLC increased its stake in Invesco Total Return Bond ETF by 3.8% during the 3rd quarter. Dynamic Advisor Solutions LLC now owns 621,592 shares of the company’s stock valued at $29,532,000 after purchasing an additional 22,827 shares in the last quarter. Baird Financial Group Inc. lifted its stake in shares of Invesco Total Return Bond ETF by 7.4% in the second quarter. Baird Financial Group Inc. now owns 643,497 shares of the company’s stock valued at $30,174,000 after buying an additional 44,312 shares in the last quarter. Asset Allocation Strategies LLC grew its holdings in shares of Invesco Total Return Bond ETF by 24.0% during the third quarter. Asset Allocation Strategies LLC now owns 158,661 shares of the company’s stock valued at $7,538,000 after buying an additional 30,735 shares during the last quarter. Drive Wealth Management LLC bought a new stake in shares of Invesco Total Return Bond ETF during the second quarter worth about $657,000. Finally, Ashton Thomas Securities LLC increased its position in shares of Invesco Total Return Bond ETF by 56.3% during the third quarter. Ashton Thomas Securities LLC now owns 160,314 shares of the company’s stock worth $7,621,000 after acquiring an additional 57,724 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.