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

Shares of Invesco Ultra Short Duration ETF (NYSEARCA:GSY) saw unusually-high trading volume on Thursday . Approximately 575,123 shares were traded during mid-day trading, an increase of 10% from the previous session’s volume of 524,835 shares.The stock last traded at $50.09 and had previously closed at $50.08.

Invesco Ultra Short Duration ETF Stock Up 0.1 %

The business’s fifty day moving average price is $50.16 and its two-hundred day moving average price is $50.16.

Invesco Ultra Short Duration ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Friday, March 28th. Stockholders of record on Monday, March 24th were issued a $0.1964 dividend. The ex-dividend date was Monday, March 24th.

Institutional Trading of Invesco Ultra Short Duration ETF

Institutional investors and hedge funds have recently made changes to their positions in the business. AdvisorNet Financial Inc bought a new stake in Invesco Ultra Short Duration ETF during the 4th quarter valued at $35,000. IAG Wealth Partners LLC bought a new stake in shares of Invesco Ultra Short Duration ETF in the fourth quarter valued at about $39,000. Collier Financial purchased a new stake in Invesco Ultra Short Duration ETF in the fourth quarter worth about $72,000. Tower Research Capital LLC TRC bought a new position in Invesco Ultra Short Duration ETF during the 4th quarter worth about $99,000. Finally, Archer Investment Corp increased its position in Invesco Ultra Short Duration ETF by 23.7% during the 4th quarter. Archer Investment Corp now owns 3,627 shares of the company’s stock valued at $182,000 after purchasing an additional 696 shares during the period.

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.