Invesco Short Term Treasury ETF (NYSEARCA:TBLL) Shares Shorted: Short Interest Up 137.5% in October

Invesco Short Term Treasury ETF (NYSEARCA:TBLL) was the recipient of a significant increase in short interest in the month of October. As of October 30th, there was short interest totaling 136,628 shares, an increase of 137.5% from the October 15th total of 57,538 shares. Based on an average daily trading volume, of 430,568 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.5% of the company’s shares are sold short.

Institutional Trading of Invesco Short Term Treasury ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of TBLL. PNC Financial Services Group Inc. lifted its position in shares of Invesco Short Term Treasury ETF by 2.9% during the first quarter. PNC Financial Services Group Inc. now owns 1,256,438 shares of the company’s stock worth $132,617,000 after purchasing an additional 34,927 shares during the last quarter. AWM Capital LLC bought a new position in shares of Invesco Short Term Treasury ETF in the third quarter worth about $89,784,000. Private Advisor Group LLC bought a new position in shares of Invesco Short Term Treasury ETF in the third quarter worth about $45,039,000. CPR Investments Inc. bought a new position in shares of Invesco Short Term Treasury ETF in the third quarter worth about $39,749,000. Finally, Composition Wealth LLC purchased a new position in Invesco Short Term Treasury ETF in the 3rd quarter worth about $34,212,000.

Invesco Short Term Treasury ETF Price Performance

Shares of TBLL stock traded up $0.04 on Friday, reaching $105.74. 303,023 shares of the company’s stock were exchanged, compared to its average volume of 323,094. Invesco Short Term Treasury ETF has a 52 week low of $105.44 and a 52 week high of $105.90. The company’s fifty day simple moving average is $105.64 and its 200 day simple moving average is $105.64.

About Invesco Short Term Treasury ETF

The Invesco Short Term Treasury ETF (TBLL) is an exchange-traded fund that is based on the ICE US Treasury Short Bond index. The fund tracks a market-weighted index of debt issued by the US Treasury. Remaining maturity must be between 1-12 months. TBLL was launched on Jan 12, 2017 and is issued by Invesco.