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

Invesco Total Return Bond ETF (NYSEARCA:GTO) saw a large increase in short interest in the month of July. As of July 31st, there was short interest totaling 130,784 shares, an increase of 160.2% from the July 15th total of 50,264 shares. Based on an average daily volume of 197,039 shares, the days-to-cover ratio is presently 0.7 days. Approximately 0.2% of the shares of the company are short sold.

Hedge Funds Weigh In On Invesco Total Return Bond ETF

A number of large investors have recently modified their holdings of GTO. LPL Financial LLC grew its stake in Invesco Total Return Bond ETF by 1.2% during the fourth quarter. LPL Financial LLC now owns 4,533,853 shares of the company’s stock valued at $214,995,000 after acquiring an additional 53,523 shares in the last quarter. Invesco Ltd. lifted its stake in Invesco Total Return Bond ETF by 67.2% in the 4th quarter. Invesco Ltd. now owns 4,181,308 shares of the company’s stock worth $198,278,000 after purchasing an additional 1,680,006 shares in the last quarter. Bank of America Corp DE lifted its stake in Invesco Total Return Bond ETF by 236.8% in the 1st quarter. Bank of America Corp DE now owns 3,812,087 shares of the company’s stock worth $178,520,000 after purchasing an additional 2,680,104 shares in the last quarter. CWM LLC boosted its holdings in Invesco Total Return Bond ETF by 8.5% in the 4th quarter. CWM LLC now owns 2,060,937 shares of the company’s stock valued at $97,730,000 after purchasing an additional 161,323 shares during the period. Finally, Morgan Stanley boosted its holdings in Invesco Total Return Bond ETF by 4.3% in the 4th quarter. Morgan Stanley now owns 1,722,422 shares of the company’s stock valued at $81,677,000 after purchasing an additional 70,358 shares during the period.

Invesco Total Return Bond ETF Price Performance

Shares of GTO opened at $46.41 on Friday. The stock’s 50-day simple moving average is $46.57 and its 200 day simple moving average is $46.96. Invesco Total Return Bond ETF has a 52-week low of $45.88 and a 52-week high of $48.01.

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.