Invesco Ultra Short Duration ETF
GSY

$49.98

0.08%

Market Cap: 2.12B

0

Funds holding %

of 6,702 funds

–

Analysts bullish %

–

News positive %

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

25% more first-time investments, than exits

New positions opened: 30 | Existing positions closed: 24

3% more funds holding

Funds holding: 207 [Q4 2023] → 213 (+6) [Q1 2024]

2.86% more ownership

Funds ownership: 63.24% [Q4 2023] → 66.1% (+2.86%) [Q1 2024]

10% more repeat investments, than reductions

Existing positions increased: 80 | Existing positions reduced: 73

0% more funds holding in top 10

Funds holding in top 10: 4 [Q4 2023] → 4 (+0) [Q1 2024]

1% less capital invested

Capital invested by funds: $1.3B [Q4 2023] → $1.29B (-$13.1M) [Q1 2024]

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Research analyst outlook

We haven’t received any recent analyst ratings for GSY.

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Financial journalist opinion

GSY: Could Be The Answer To Lower Fed Funds (Rating Upgrade)

The article effectively argues that the Invesco Ultra Short Duration ETF (GSY) is a strong investment choice as the Federal Reserve prepares to cut interest rates. The market anticipates multiple interest rate cuts in 2024 due to lower-than-expected inflation. The author clearly explains the relationship between Fed Funds, short-term yields, and bond duration. GSY's longer duration compared to other short-term cash parking vehicles will help maintain higher yields during rate cuts.

GSY: Could Be The Answer To Lower Fed Funds (Rating Upgrade)

Zacks Investment Research

No Rate Cut Until 2H of 2024? High-Yield Short-Term Bond ETFs to Buy

The yield on the benchmark 10-year Treasury rose to around 4.38%, hovering at its highest levels of 2024, up from 3.95% recorded at the start of 2024.

No Rate Cut Until 2H of 2024? High-Yield Short-Term Bond ETFs to Buy

Zacks Investment Research

No Rate Cut Until Summer? High-Yield Short-Term Bond ETFs to Buy

Atlanta Fed President Bostic's insights emphasized the importance of data-driven decision-making and indicated that the first rate should not come before summer time.

No Rate Cut Until Summer? High-Yield Short-Term Bond ETFs to Buy

Estimating The Impact Of Lower Rates On Bond Fund Dividends

It generally takes a few years for changes in Federal Reserve rates to fully impact bond fund dividends. Bond funds are still benefitting from prior rate hikes. Perhaps by enough to cancel out any future rate cuts. By my estimations, and under current Fed guidance, most bond funds would only start to see declining dividends in 2025, at the earliest.

Estimating The Impact Of Lower Rates On Bond Fund Dividends

Zacks Investment Research

Short-Term Bond ETF (GSY) Hits New 52-Week High

For investors seeking momentum, Invesco Ultra Short Duration ETF GSY is probably on radar. The fund just hit a 52-week high and is up 1.23% from its 52-week low price of $49.29/share.

Short-Term Bond ETF (GSY) Hits New 52-Week High

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