Invesco Equal Weight 0-30 Year Treasury ETF (NASDAQ:GOVI) Stock Short Interest Drops 90.1%

Invesco Equal Weight 0-30 Year Treasury ETF (NASDAQ:GOVI) was the recipient of a large decline in short interest during the month of October. As of October 15th, there was short interest totaling 14,848 shares, a decline of 90.1% from the September 30th total of 149,773 shares. Based on an average daily volume of 304,809 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the shares of the stock are sold short.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in GOVI. Concurrent Investment Advisors LLC grew its holdings in shares of Invesco Equal Weight 0-30 Year Treasury ETF by 151.3% during the second quarter. Concurrent Investment Advisors LLC now owns 422,281 shares of the company’s stock worth $11,465,000 after buying an additional 254,271 shares in the last quarter. Wealthspire Retirement LLC purchased a new position in shares of Invesco Equal Weight 0-30 Year Treasury ETF during the first quarter valued at approximately $570,000. Bank of America Corp DE lifted its stake in shares of Invesco Equal Weight 0-30 Year Treasury ETF by 375.9% during the first quarter. Bank of America Corp DE now owns 679,428 shares of the company’s stock valued at $18,534,000 after buying an additional 536,650 shares during the period. Petix & Botte Co lifted its stake in shares of Invesco Equal Weight 0-30 Year Treasury ETF by 7.6% during the first quarter. Petix & Botte Co now owns 646,593 shares of the company’s stock valued at $17,639,000 after buying an additional 45,524 shares during the period. Finally, Curry Webb Wealth Management LLC purchased a new position in shares of Invesco Equal Weight 0-30 Year Treasury ETF during the first quarter valued at approximately $1,172,000.

Invesco Equal Weight 0-30 Year Treasury ETF Price Performance

GOVI stock traded down $0.02 on Tuesday, reaching $26.03. The company had a trading volume of 315,381 shares, compared to its average volume of 381,763. The company’s fifty day moving average is $25.92 and its 200 day moving average is $26.88. Invesco Equal Weight 0-30 Year Treasury ETF has a 1 year low of $25.04 and a 1 year high of $28.30.

Invesco Equal Weight 0-30 Year Treasury ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Friday, October 23rd. Investors of record on Monday, October 19th were paid a $0.0921 dividend. This represents a $1.11 annualized dividend and a yield of 4.2%. The ex-dividend date of this dividend was Monday, October 19th. This is a negative change from Invesco Equal Weight 0-30 Year Treasury ETF’s previous monthly dividend of $0.0926.

About Invesco Equal Weight 0-30 Year Treasury ETF

The Invesco Equal Weight 0-30 Year Treasury ETF (GOVI) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks an index that invests in an equal-weighted 30-year ladder of US Treasury securities. GOVI was launched on Oct 11, 2007 and is issued by Invesco.