Invesco Ultra Short Duration ETF (NYSEARCA:GSY) Sees Strong Trading Volume – Here’s What Happened

Invesco Ultra Short Duration ETF (NYSEARCA:GSY) saw unusually-high trading volume on Monday . 2,729,799 shares were traded during mid-day trading, an increase of 237% from the previous session’s volume of 809,543 shares.The stock last traded at $50.16 and had previously closed at $50.13.

Invesco Ultra Short Duration ETF Stock Performance

The business has a 50 day moving average of $50.16 and a 200-day moving average of $50.22.

Hedge Funds Weigh In On Invesco Ultra Short Duration ETF

Hedge funds have recently bought and sold shares of the company. Bank of America Corp DE boosted its holdings in Invesco Ultra Short Duration ETF by 152.9% in the 1st quarter. Bank of America Corp DE now owns 2,893,767 shares of the company’s stock valued at $145,036,000 after purchasing an additional 1,749,388 shares during the period. Axxcess Wealth Management LLC raised its position in shares of Invesco Ultra Short Duration ETF by 64.5% in the fourth quarter. Axxcess Wealth Management LLC now owns 1,569,623 shares of the company’s stock worth $78,874,000 after buying an additional 615,515 shares in the last quarter. UBS Group AG raised its position in shares of Invesco Ultra Short Duration ETF by 15.8% in the fourth quarter. UBS Group AG now owns 1,567,074 shares of the company’s stock worth $78,745,000 after buying an additional 213,271 shares in the last quarter. Annex Advisory Services LLC bought a new stake in Invesco Ultra Short Duration ETF during the fourth quarter valued at $78,124,000. Finally, Cambridge Investment Research Advisors Inc. boosted its stake in Invesco Ultra Short Duration ETF by 673.5% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 1,531,312 shares of the company’s stock valued at $76,948,000 after buying an additional 1,333,336 shares during the period.

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.