Short Interest in Invesco Total Return Bond ETF (NYSEARCA:GTO) Declines By 80.3%

Invesco Total Return Bond ETF (NYSEARCA:GTO) saw a significant drop in short interest during the month of June. As of June 30th, there was short interest totaling 37,509 shares, a drop of 80.3% from the June 15th total of 190,872 shares. Based on an average daily trading volume, of 199,801 shares, the short-interest ratio is presently 0.2 days. Approximately 0.1% of the shares of the company are sold short.

Invesco Total Return Bond ETF Price Performance

NYSEARCA:GTO traded down $0.04 during mid-day trading on Friday, reaching $46.58. The company’s stock had a trading volume of 210,115 shares, compared to its average volume of 260,848. The firm’s fifty day moving average price is $46.80 and its two-hundred day moving average price is $47.17. Invesco Total Return Bond ETF has a 12-month low of $46.18 and a 12-month high of $48.01.

Hedge Funds Weigh In On Invesco Total Return Bond ETF

Several hedge funds and other institutional investors have recently modified their holdings of the company. Your Advocates Ltd. LLP bought a new position in shares of Invesco Total Return Bond ETF in the first quarter worth about $29,000. Longview Financial Advisors Inc. bought a new position in shares of Invesco Total Return Bond ETF during the 1st quarter valued at approximately $48,000. Y.D. More Investments Ltd purchased a new stake in Invesco Total Return Bond ETF in the 1st quarter worth approximately $70,000. Northwestern Mutual Wealth Management Co. increased its holdings in Invesco Total Return Bond ETF by 1,365.6% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 1,832 shares of the company’s stock worth $87,000 after acquiring an additional 1,707 shares in the last quarter. Finally, KERR FINANCIAL PLANNING Corp bought a new stake in Invesco Total Return Bond ETF during the 3rd quarter worth approximately $112,000.

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.