Invesco Ultra Short Duration ETF (NYSEARCA:GSY) Shares Shorted: Short Interest Up 2,094.9% in September

Invesco Ultra Short Duration ETF (NYSEARCA:GSY) saw a large increase in short interest in the month of September. As of September 15th, there was short interest totaling 3,672,881 shares, an increase of 2,094.9% from the August 31st total of 167,337 shares. Based on an average daily volume of 1,050,907 shares, the days-to-cover ratio is presently 3.5 days. Approximately 4.6% of the shares of the company are short sold.

Institutional Investors Weigh In On Invesco Ultra Short Duration ETF

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Bank of America Corp DE grew its stake in Invesco Ultra Short Duration ETF by 152.9% during the first quarter. Bank of America Corp DE now owns 2,893,767 shares of the company’s stock valued at $145,036,000 after acquiring an additional 1,749,388 shares in the last quarter. Concurrent Investment Advisors LLC lifted its stake in Invesco Ultra Short Duration ETF by 228.6% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 750,546 shares of the company’s stock worth $37,640,000 after purchasing an additional 522,149 shares in the last quarter. Royal Bank of Canada lifted its stake in Invesco Ultra Short Duration ETF by 588.2% in the 1st quarter. Royal Bank of Canada now owns 529,112 shares of the company’s stock worth $26,519,000 after purchasing an additional 452,227 shares in the last quarter. Axxcess Wealth Management LLC boosted its holdings in Invesco Ultra Short Duration ETF by 41.7% in the 4th quarter. Axxcess Wealth Management LLC now owns 1,352,189 shares of the company’s stock valued at $67,947,000 after purchasing an additional 398,081 shares during the period. Finally, Royal Harbor Partners LLC bought a new position in Invesco Ultra Short Duration ETF in the 1st quarter valued at $14,257,000.

Invesco Ultra Short Duration ETF Price Performance

Shares of GSY opened at $49.93 on Friday. The stock’s 50-day simple moving average is $50.13 and its 200 day simple moving average is $50.16. Invesco Ultra Short Duration ETF has a 52-week low of $49.90 and a 52-week high of $50.39.

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.