Invesco Ultra Short Duration ETF (NYSEARCA:GSY) Short Interest Update
by Tristan Rich · The Markets DailyInvesco Ultra Short Duration ETF (NYSEARCA:GSY – Get Free Report) was the target of a significant drop in short interest in May. As of May 29th, there was short interest totaling 91,073 shares, a drop of 36.7% from the May 14th total of 143,976 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily volume of 532,392 shares, the days-to-cover ratio is currently 0.2 days.
Invesco Ultra Short Duration ETF Price Performance
GSY remained flat at $50.26 on Wednesday. 274,664 shares of the company were exchanged, compared to its average volume of 799,866. The business has a 50-day moving average of $50.17 and a 200 day moving average of $50.22. Invesco Ultra Short Duration ETF has a 1-year low of $50.05 and a 1-year high of $50.39.
Hedge Funds Weigh In On Invesco Ultra Short Duration ETF
Several institutional investors have recently modified their holdings of GSY. Tucker Asset Management LLC purchased a new stake in Invesco Ultra Short Duration ETF during the fourth quarter valued at about $25,000. Motiv8 Investments LLC purchased a new position in shares of Invesco Ultra Short Duration ETF during the fourth quarter valued at approximately $31,000. Rossby Financial LCC purchased a new position in shares of Invesco Ultra Short Duration ETF during the third quarter valued at approximately $31,000. Lodestone Wealth Management LLC purchased a new position in shares of Invesco Ultra Short Duration ETF during the fourth quarter valued at approximately $33,000. Finally, Beacon Capital Management Inc. increased its stake in shares of Invesco Ultra Short Duration ETF by 302.4% during the fourth quarter. Beacon Capital Management Inc. now owns 684 shares of the company’s stock valued at $34,000 after buying an additional 514 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.