Invesco Ultra Short Duration ETF (NYSEARCA:GSY) Short Interest Up 349.9% in June

Invesco Ultra Short Duration ETF (NYSEARCA:GSYGet Free Report) was the target of a significant growth in short interest during the month of June. As of June 30th, there was short interest totaling 1,325,601 shares, a growth of 349.9% from the June 15th total of 294,621 shares. Based on an average daily volume of 966,354 shares, the days-to-cover ratio is currently 1.4 days. Approximately 1.8% of the company’s stock are short sold.

Invesco Ultra Short Duration ETF Stock Up 0.0%

Shares of GSY stock opened at $50.21 on Tuesday. Invesco Ultra Short Duration ETF has a 12-month low of $50.05 and a 12-month high of $50.39. The business’s fifty day simple moving average is $50.17 and its 200-day simple moving average is $50.21.

Institutional Investors Weigh In On Invesco Ultra Short Duration ETF

Several institutional investors have recently added to or reduced their stakes in the business. Tucker Asset Management LLC acquired a new stake in shares of Invesco Ultra Short Duration ETF during the fourth quarter worth $25,000. Motiv8 Investments LLC acquired a new position in shares of Invesco Ultra Short Duration ETF in the 4th quarter valued at $31,000. Lodestone Wealth Management LLC acquired a new position in shares of Invesco Ultra Short Duration ETF in the 4th quarter valued at $33,000. Beacon Capital Management Inc. raised its stake in Invesco Ultra Short Duration ETF by 302.4% in the 4th quarter. Beacon Capital Management Inc. now owns 684 shares of the company’s stock worth $34,000 after acquiring an additional 514 shares during the last quarter. Finally, SHP Wealth Management purchased a new position in Invesco Ultra Short Duration ETF in the 4th quarter worth $35,000.

About Invesco Ultra Short Duration ETF

(Get Free Report)

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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