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

Invesco Ultra Short Duration ETF (NYSEARCA:GSY) was the recipient of a significant increase in short interest in June. As of June 30th, there was short interest totaling 1,325,601 shares, an increase of 349.9% from the June 15th total of 294,621 shares. Based on an average daily volume of 966,354 shares, the days-to-cover ratio is presently 1.4 days. Currently, 1.8% of the shares of the stock are sold short.

Institutional Trading of Invesco Ultra Short Duration ETF

A number of large investors have recently made changes to their positions in GSY. KWB Wealth lifted its holdings in shares of Invesco Ultra Short Duration ETF by 3.7% in the 2nd quarter. KWB Wealth now owns 8,990 shares of the company’s stock valued at $451,000 after acquiring an additional 317 shares during the last quarter. Fulcrum Equity Management increased its stake in Invesco Ultra Short Duration ETF by 34.0% during the second quarter. Fulcrum Equity Management now owns 18,338 shares of the company’s stock worth $920,000 after acquiring an additional 4,651 shares during the last quarter. World Equity Group Inc. raised its position in Invesco Ultra Short Duration ETF by 32.6% during the second quarter. World Equity Group Inc. now owns 12,838 shares of the company’s stock valued at $644,000 after purchasing an additional 3,158 shares during the period. Focus Financial Network Inc. purchased a new stake in Invesco Ultra Short Duration ETF during the second quarter valued at approximately $1,078,000. Finally, Beacon Investment Advisory Services Inc. lifted its stake in shares of Invesco Ultra Short Duration ETF by 69.5% in the 2nd quarter. Beacon Investment Advisory Services Inc. now owns 104,702 shares of the company’s stock valued at $5,251,000 after purchasing an additional 42,930 shares during the last quarter.

Invesco Ultra Short Duration ETF Stock Performance

GSY remained flat at $50.20 during trading hours on Monday. 419,806 shares of the company traded hands, compared to its average volume of 811,595. The firm has a 50 day moving average of $50.17 and a 200-day moving average of $50.21. Invesco Ultra Short Duration ETF has a 12 month low of $50.05 and a 12 month high of $50.39.

About Invesco Ultra Short Duration ETF

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.