Invesco Total Return Bond ETF (NYSEARCA:GTO) Short Interest Up 420.6% in May

Invesco Total Return Bond ETF (NYSEARCA:GTO) was the recipient of a large increase in short interest during the month of May. As of May 15th, there was short interest totaling 89,551 shares, an increase of 420.6% from the April 30th total of 17,201 shares. Currently, 0.2% of the company’s shares are sold short. Based on an average trading volume of 206,953 shares, the days-to-cover ratio is currently 0.4 days.

Invesco Total Return Bond ETF Trading Up 0.1%

NYSEARCA:GTO traded up $0.04 during midday trading on Friday, reaching $46.92. 148,558 shares of the stock traded hands, compared to its average volume of 262,006. The company has a fifty day moving average of $46.90 and a 200 day moving average of $47.32. Invesco Total Return Bond ETF has a 12 month low of $46.10 and a 12 month high of $48.01.

Institutional Investors Weigh In On Invesco Total Return Bond ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Your Advocates Ltd. LLP bought a new stake in Invesco Total Return Bond ETF during the 1st quarter valued at $29,000. Longview Financial Advisors Inc. bought a new stake in Invesco Total Return Bond ETF during the 1st quarter valued at $48,000. Y.D. More Investments Ltd bought a new stake in Invesco Total Return Bond ETF during the 1st quarter valued at $70,000. Northwestern Mutual Wealth Management Co. raised its holdings in Invesco Total Return Bond ETF by 1,365.6% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 1,832 shares of the company’s stock valued at $87,000 after buying an additional 1,707 shares during the last quarter. Finally, KERR FINANCIAL PLANNING Corp bought a new stake in Invesco Total Return Bond ETF during the 3rd quarter valued at $112,000.

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.