Invesco Ultra Short Duration ETF (NYSEARCA:GSY) Sees Large Volume Increase – Here’s Why

Invesco Ultra Short Duration ETF (NYSEARCA:GSY) saw unusually-strong trading volume on Monday. Approximately 1,861,177 shares traded hands during trading, an increase of 116% from the previous session’s volume of 862,798 shares. The stock last traded at $50.0550 and had previously closed at $50.04.

Invesco Ultra Short Duration ETF Stock Up 0.0%

The firm has a fifty day simple moving average of $50.10 and a two-hundred day simple moving average of $50.14.

Institutional Investors Weigh In On Invesco Ultra Short Duration ETF

Several hedge funds have recently bought and sold shares of the stock. Atwood & Palmer Inc. bought a new position in Invesco Ultra Short Duration ETF during the 3rd quarter worth approximately $137,000. YHB Investment Advisors Inc. bought a new stake in Invesco Ultra Short Duration ETF in the third quarter valued at approximately $1,254,000. Gradient Investments LLC bought a new stake in Invesco Ultra Short Duration ETF in the third quarter valued at approximately $51,672,000. Avidian Wealth Enterprises LLC purchased a new stake in shares of Invesco Ultra Short Duration ETF during the third quarter valued at approximately $1,845,000. Finally, Legacy Solutions LLC boosted its stake in shares of Invesco Ultra Short Duration ETF by 3.2% during the third quarter. Legacy Solutions LLC now owns 40,946 shares of the company’s stock valued at $2,044,000 after purchasing an additional 1,285 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.