Invesco Ultra Short Duration ETF (NYSEARCA:GSY) Sees Large Volume Increase – What’s Next?

Invesco Ultra Short Duration ETF (NYSEARCA:GSY) saw an uptick in trading volume on Friday . 1,288,231 shares changed hands during trading, an increase of 168% from the previous session’s volume of 480,040 shares.The stock last traded at $50.13 and had previously closed at $50.10.

Invesco Ultra Short Duration ETF Stock Performance

The firm has a 50-day moving average price of $50.18 and a two-hundred day moving average price of $50.05.

Hedge Funds Weigh In On Invesco Ultra Short Duration ETF

Hedge funds and other institutional investors have recently modified their holdings of the business. VitalStone Financial LLC boosted its holdings in shares of Invesco Ultra Short Duration ETF by 5.1% in the 2nd quarter. VitalStone Financial LLC now owns 4,889 shares of the company’s stock valued at $244,000 after buying an additional 238 shares in the last quarter. PAX Financial Group LLC lifted its holdings in shares of Invesco Ultra Short Duration ETF by 4.3% during the 1st quarter. PAX Financial Group LLC now owns 6,113 shares of the company’s stock valued at $305,000 after purchasing an additional 250 shares during the last quarter. Concourse Financial Group Securities Inc. grew its stake in Invesco Ultra Short Duration ETF by 10.7% during the 3rd quarter. Concourse Financial Group Securities Inc. now owns 2,906 shares of the company’s stock worth $146,000 after buying an additional 280 shares during the last quarter. Allworth Financial LP acquired a new position in Invesco Ultra Short Duration ETF during the 3rd quarter valued at about $34,000. Finally, Northwest Capital Management Inc boosted its holdings in Invesco Ultra Short Duration ETF by 8,650.0% in the third quarter. Northwest Capital Management Inc now owns 700 shares of the company’s stock worth $35,000 after acquiring an additional 692 shares in the last quarter.

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.