Invesco Ultra Short Duration ETF (NYSEARCA:GSY) Sees Unusually-High Trading Volume – Here’s Why

Invesco Ultra Short Duration ETF (NYSEARCA:GSY) saw strong trading volume on Monday . 907,783 shares changed hands during trading, an increase of 89% from the previous session’s volume of 479,756 shares.The stock last traded at $50.12 and had previously closed at $50.09.

Invesco Ultra Short Duration ETF Stock Performance

The firm has a 50-day moving average of $50.14 and a 200-day moving average of $50.08.

Institutional Investors Weigh In On Invesco Ultra Short Duration ETF

A number of institutional investors and hedge funds have recently bought and sold shares of GSY. LPL Financial LLC grew its stake in Invesco Ultra Short Duration ETF by 4.8% during the 3rd quarter. LPL Financial LLC now owns 2,406,049 shares of the company’s stock valued at $120,736,000 after purchasing an additional 109,682 shares during the last quarter. Cambridge Investment Research Advisors Inc. grew its stake in Invesco Ultra Short Duration ETF by 788.3% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 1,371,618 shares of the company’s stock valued at $68,444,000 after purchasing an additional 1,217,217 shares during the last quarter. Axxcess Wealth Management LLC lifted its holdings in shares of Invesco Ultra Short Duration ETF by 35.5% in the 3rd quarter. Axxcess Wealth Management LLC now owns 630,911 shares of the company’s stock valued at $31,659,000 after buying an additional 165,168 shares during the period. Avestar Capital LLC lifted its holdings in shares of Invesco Ultra Short Duration ETF by 7.2% in the 3rd quarter. Avestar Capital LLC now owns 338,342 shares of the company’s stock valued at $16,978,000 after buying an additional 22,797 shares during the period. Finally, Cyndeo Wealth Partners LLC acquired a new position in shares of Invesco Ultra Short Duration ETF in the 3rd quarter valued at about $15,875,000.

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.