Invesco Total Return Bond ETF (NYSEARCA:GTO) Sees Significant Decline in Short Interest

Invesco Total Return Bond ETF (NYSEARCA:GTO) was the target of a significant drop in short interest in April. As of April 30th, there was short interest totaling 17,201 shares, a drop of 83.9% from the April 15th total of 106,620 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily volume of 354,483 shares, the days-to-cover ratio is currently 0.0 days.

Institutional Investors Weigh In On Invesco Total Return Bond ETF

A number of institutional investors and hedge funds have recently bought and sold shares of GTO. Invesco Ltd. raised its stake in Invesco Total Return Bond ETF by 67.2% in the fourth 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 Invesco Total Return Bond ETF by 385.6% in the fourth 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 America Corp DE raised its stake in shares of Invesco Total Return Bond ETF by 45.7% during the second quarter. Bank of America Corp DE now owns 1,070,063 shares of the company’s stock worth $50,175,000 after acquiring an additional 335,677 shares in the last quarter. Bank of New York Mellon Corp raised its stake 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 acquiring an additional 191,848 shares in the last quarter. Finally, CWM LLC raised its stake in shares of Invesco Total Return Bond ETF by 8.5% during the fourth quarter. CWM LLC now owns 2,060,937 shares of the company’s stock worth $97,730,000 after acquiring an additional 161,323 shares in the last quarter.

Invesco Total Return Bond ETF Trading Down 0.2%

GTO traded down $0.11 on Tuesday, reaching $46.89. The company had a trading volume of 164,568 shares, compared to its average volume of 267,156. The business has a 50 day simple moving average of $47.10 and a 200 day simple moving average of $47.42. Invesco Total Return Bond ETF has a 52-week low of $45.65 and a 52-week high of $48.01.

Invesco Total Return Bond ETF Company Profile

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.