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

Invesco Ultra Short Duration ETF (NYSEARCA:GSY) was the target of a significant growth in short interest in June. As of June 15th, there was short interest totaling 294,621 shares, a growth of 223.5% from the May 31st total of 91,073 shares. Based on an average daily trading volume, of 517,191 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.4% of the shares of the stock are short sold.

Hedge Funds Weigh In On Invesco Ultra Short Duration ETF

Several hedge funds have recently made changes to their positions in the business. Tucker Asset Management LLC acquired a new stake in Invesco Ultra Short Duration ETF during the fourth quarter valued at approximately $25,000. Motiv8 Investments LLC acquired a new position in Invesco Ultra Short Duration ETF in the fourth quarter worth approximately $31,000. Lodestone Wealth Management LLC acquired a new position in Invesco Ultra Short Duration ETF in the fourth quarter worth approximately $33,000. Beacon Capital Management Inc. grew its position in Invesco Ultra Short Duration ETF by 302.4% in the fourth quarter. Beacon Capital Management Inc. now owns 684 shares of the company’s stock worth $34,000 after buying an additional 514 shares during the last quarter. Finally, SHP Wealth Management bought a new position in shares of Invesco Ultra Short Duration ETF in the fourth quarter valued at $35,000.

Invesco Ultra Short Duration ETF Stock Up 0.0%

NYSEARCA:GSY opened at $50.15 on Tuesday. The business’s 50-day moving average price is $50.16 and its 200 day moving average price is $50.22. Invesco Ultra Short Duration ETF has a 52-week low of $50.05 and a 52-week high of $50.39.

Invesco Ultra Short Duration ETF Company Profile

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.