Invesco Ultra Short Duration ETF (NYSEARCA:GSY) Sees Large Decline in Short Interest

Invesco Ultra Short Duration ETF (NYSEARCA:GSY) was the recipient of a large decrease in short interest during the month of September. As of September 30th, there was short interest totaling 315,535 shares, a decrease of 91.4% from the September 15th total of 3,672,881 shares. Based on an average trading volume of 1,560,072 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.4% of the company’s shares are sold short.

Invesco Ultra Short Duration ETF Stock Up 0.0%

Invesco Ultra Short Duration ETF stock traded up $0.02 during trading on Friday, hitting $50.04. The company had a trading volume of 870,093 shares, compared to its average volume of 857,708. Invesco Ultra Short Duration ETF has a 1-year low of $49.90 and a 1-year high of $50.39. The company’s 50 day simple moving average is $50.10 and its 200-day simple moving average is $50.14.

Institutional Trading of Invesco Ultra Short Duration ETF

A number of large investors have recently modified their holdings of GSY. Atwood & Palmer Inc. purchased a new stake in Invesco Ultra Short Duration ETF during the 3rd quarter worth about $137,000. YHB Investment Advisors Inc. acquired a new stake in Invesco Ultra Short Duration ETF in the third quarter valued at approximately $1,254,000. Gradient Investments LLC acquired a new stake in Invesco Ultra Short Duration ETF in the third quarter valued at approximately $51,672,000. Avidian Wealth Enterprises LLC acquired a new stake in Invesco Ultra Short Duration ETF in the third quarter valued at approximately $1,845,000. Finally, Legacy Solutions LLC lifted its stake in Invesco Ultra Short Duration ETF by 3.2% in the third quarter. Legacy Solutions LLC now owns 40,946 shares of the company’s stock worth $2,044,000 after acquiring an additional 1,285 shares during the last quarter.

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.