Invesco Ultra Short Duration ETF (NYSEARCA:GSY) Sees Large Volume Increase – Time to Buy?

Invesco Ultra Short Duration ETF (NYSEARCA:GSY) saw an uptick in trading volume on Monday . Approximately 1,186,532 shares were traded during trading, an increase of 50% from the previous session’s volume of 789,369 shares.The stock last traded at $50.15 and had previously closed at $50.14.

Invesco Ultra Short Duration ETF Stock Performance

The stock has a 50 day moving average price of $50.16 and a two-hundred day moving average price of $50.20.

Institutional Trading of Invesco Ultra Short Duration ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Flagship Harbor Advisors LLC raised its position in Invesco Ultra Short Duration ETF by 9.1% during the 4th quarter. Flagship Harbor Advisors LLC now owns 186,865 shares of the company’s stock worth $9,390,000 after buying an additional 15,532 shares during the last quarter. Annex Advisory Services LLC acquired a new position in Invesco Ultra Short Duration ETF during the fourth quarter valued at $78,124,000. Concurrent Investment Advisors LLC lifted its position in Invesco Ultra Short Duration ETF by 5.8% during the fourth quarter. Concurrent Investment Advisors LLC now owns 187,898 shares of the company’s stock valued at $9,442,000 after purchasing an additional 10,260 shares during the period. Westbourne Investments Inc. boosted its holdings in Invesco Ultra Short Duration ETF by 129.4% in the fourth quarter. Westbourne Investments Inc. now owns 19,847 shares of the company’s stock valued at $997,000 after purchasing an additional 11,197 shares during the last quarter. Finally, Transcendent Capital Group LLC grew its position in Invesco Ultra Short Duration ETF by 837.6% during the 4th quarter. Transcendent Capital Group LLC now owns 130,052 shares of the company’s stock worth $6,535,000 after purchasing an additional 116,181 shares during the period.

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.