Invesco Short Term Treasury ETF (NYSEARCA:TBLL) Short Interest Update

Invesco Short Term Treasury ETF (NYSEARCA:TBLL) was the target of a large growth in short interest in the month of May. As of May 29th, there was short interest totaling 410,894 shares, a growth of 856.1% from the May 14th total of 42,974 shares. Currently, 1.5% of the company’s stock are short sold. Based on an average daily trading volume, of 441,610 shares, the days-to-cover ratio is presently 0.9 days.

Invesco Short Term Treasury ETF Stock Performance

Shares of TBLL opened at $105.67 on Wednesday. The stock has a 50-day simple moving average of $105.61 and a 200-day simple moving average of $105.65. Invesco Short Term Treasury ETF has a 1 year low of $105.40 and a 1 year high of $105.90.

Hedge Funds Weigh In On Invesco Short Term Treasury ETF

Several hedge funds and other institutional investors have recently made changes to their positions in TBLL. CPR Investments Inc. boosted its stake in shares of Invesco Short Term Treasury ETF by 141.2% in the 1st quarter. CPR Investments Inc. now owns 376,870 shares of the company’s stock valued at $39,779,000 after buying an additional 220,633 shares during the period. Royal Bank of Canada boosted its stake in shares of Invesco Short Term Treasury ETF by 1,844.8% in the 1st quarter. Royal Bank of Canada now owns 218,591 shares of the company’s stock valued at $23,073,000 after buying an additional 207,351 shares during the period. Bank of America Corp DE boosted its stake in shares of Invesco Short Term Treasury ETF by 96.4% in the 2nd quarter. Bank of America Corp DE now owns 376,723 shares of the company’s stock valued at $39,759,000 after buying an additional 184,891 shares during the period. Janney Montgomery Scott LLC purchased a new position in shares of Invesco Short Term Treasury ETF in the 1st quarter valued at about $15,043,000. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in shares of Invesco Short Term Treasury ETF by 2,130.0% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 129,496 shares of the company’s stock valued at $13,681,000 after buying an additional 123,689 shares during the period.

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.