Invesco Total Return Bond ETF (NYSEARCA:GTO) Short Interest Update

Invesco Total Return Bond ETF (NYSEARCA:GTO) was the recipient of a significant growth in short interest during the month of June. As of June 15th, there was short interest totaling 190,872 shares, a growth of 211.2% from the May 31st total of 61,338 shares. Approximately 0.4% of the company’s stock are short sold. Based on an average daily volume of 326,920 shares, the short-interest ratio is currently 0.6 days.

Institutional Trading of Invesco Total Return Bond ETF

A number of hedge funds have recently made changes to their positions in GTO. Bank of America Corp DE boosted 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 valued at $178,520,000 after acquiring an additional 2,680,104 shares during the last quarter. Invesco Ltd. raised its stake in shares of Invesco Total Return Bond ETF by 67.2% in the 4th quarter. Invesco Ltd. now owns 4,181,308 shares of the company’s stock valued at $198,278,000 after purchasing an additional 1,680,006 shares in the last quarter. Axxcess Wealth Management LLC raised its stake in shares of Invesco Total Return Bond ETF by 385.6% in the 4th quarter. Axxcess Wealth Management LLC now owns 449,070 shares of the company’s stock valued at $21,295,000 after purchasing an additional 356,595 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of Invesco Total Return Bond ETF by 16.8% during the first 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 during the last quarter. Finally, CWM LLC grew its stake in Invesco Total Return Bond ETF by 8.5% in the fourth quarter. CWM LLC now owns 2,060,937 shares of the company’s stock worth $97,730,000 after purchasing an additional 161,323 shares in the last quarter.

Invesco Total Return Bond ETF Price Performance

NYSEARCA GTO traded up $0.03 during mid-day trading on Friday, reaching $46.98. 161,749 shares of the company’s stock traded hands, compared to its average volume of 264,524. Invesco Total Return Bond ETF has a 1-year low of $46.18 and a 1-year high of $48.01. The company has a fifty day simple moving average of $46.87 and a 200-day simple moving average of $47.22.

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.