Invesco Ultra Short Duration ETF (NYSEARCA:GSY) Short Interest Up 223.5% in June

Invesco Ultra Short Duration ETF (NYSEARCA:GSY) saw a large increase in short interest in June. As of June 15th, there was short interest totaling 294,621 shares, an increase of 223.5% from the May 31st total of 91,073 shares. Based on an average daily trading volume, of 517,191 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.4% of the shares of the stock are sold short.

Invesco Ultra Short Duration ETF Trading Up 0.0%

Invesco Ultra Short Duration ETF stock traded up $0.01 during mid-day trading on Friday, hitting $50.13. The stock had a trading volume of 790,830 shares, compared to its average volume of 803,031. Invesco Ultra Short Duration ETF has a one year low of $50.05 and a one year high of $50.39. The firm’s 50 day moving average is $50.16 and its 200 day moving average is $50.22.

Hedge Funds Weigh In On Invesco Ultra Short Duration ETF

A number of hedge funds have recently made changes to their positions in GSY. Western Wealth Management LLC purchased a new stake in shares of Invesco Ultra Short Duration ETF during the first quarter worth about $485,000. Curry Webb Wealth Management LLC purchased a new position in Invesco Ultra Short Duration ETF in the 1st quarter worth approximately $11,101,000. NewEdge Advisors LLC boosted its stake in Invesco Ultra Short Duration ETF by 31.0% in the 1st quarter. NewEdge Advisors LLC now owns 76,264 shares of the company’s stock worth $3,822,000 after purchasing an additional 18,039 shares during the period. Arete Wealth Advisors LLC boosted its stake in Invesco Ultra Short Duration ETF by 38.2% in the 1st quarter. Arete Wealth Advisors LLC now owns 15,806 shares of the company’s stock worth $792,000 after purchasing an additional 4,370 shares during the period. Finally, Norris Financial Group LLC purchased a new stake in Invesco Ultra Short Duration ETF during the 1st quarter valued at approximately $7,096,000.

Invesco Ultra Short Duration ETF Company Profile

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.