Short Interest in Invesco Total Return Bond ETF (NYSEARCA:GTO) Drops By 39.0%

Invesco Total Return Bond ETF (NYSEARCA:GTO) was the recipient of a large drop in short interest during the month of August. As of August 14th, there was short interest totaling 79,728 shares, a drop of 39.0% from the July 30th total of 130,784 shares. Approximately 0.2% of the company’s shares are sold short. Based on an average daily volume of 182,456 shares, the days-to-cover ratio is currently 0.4 days.

Invesco Total Return Bond ETF Stock Down 0.2%

GTO traded down $0.07 on Monday, hitting $46.00. The company had a trading volume of 13,700 shares, compared to its average volume of 248,422. The company’s fifty day moving average price is $46.43 and its 200 day moving average price is $46.87. Invesco Total Return Bond ETF has a 1 year low of $45.88 and a 1 year high of $48.01.

Institutional Investors Weigh In On Invesco Total Return Bond ETF

A number of institutional investors and hedge funds have recently made changes to their positions in GTO. Williams & Novak LLC grew its holdings in Invesco Total Return Bond ETF by 6.3% during the 4th quarter. Williams & Novak LLC now owns 4,875 shares of the company’s stock worth $231,000 after acquiring an additional 289 shares in the last quarter. Signature Equity Partners LLC raised its holdings in shares of Invesco Total Return Bond ETF by 8.6% in the 1st quarter. Signature Equity Partners LLC now owns 3,683 shares of the company’s stock valued at $172,000 after purchasing an additional 292 shares in the last quarter. Independent Advisor Alliance raised its holdings in shares of Invesco Total Return Bond ETF by 6.0% in the 4th quarter. Independent Advisor Alliance now owns 6,251 shares of the company’s stock valued at $296,000 after purchasing an additional 356 shares in the last quarter. Alteri Wealth LLC lifted its position in shares of Invesco Total Return Bond ETF by 4.8% during the 4th quarter. Alteri Wealth LLC now owns 8,478 shares of the company’s stock worth $402,000 after purchasing an additional 387 shares during the last quarter. Finally, MSH Capital Advisors LLC lifted its position in shares of Invesco Total Return Bond ETF by 2.8% during the 4th quarter. MSH Capital Advisors LLC now owns 16,434 shares of the company’s stock worth $779,000 after purchasing an additional 451 shares during the last quarter.

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.