(TREX) - Analyzing Invesco US Treasury Bond 7-10 Year UCITS ETF USD Dist's Short Interest
Portfolio Pulse from Benzinga Insights
Invesco US Treasury Bond 7-10 Year UCITS ETF USD Dist (NYSE:TREX) has seen a 4.65% decrease in short percent of float since its last report, with 6.28 million shares sold short, representing 6.56% of available shares. The ETF's short interest is higher than its peer group average of 3.65%. Short interest is a key indicator of market sentiment, and a decrease suggests a more bullish outlook among investors.
March 12, 2024 | 4:00 pm
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TREX's short interest has decreased, indicating a potentially more bullish sentiment among investors. With a higher short interest compared to peers, it suggests caution but also a possible upside if market sentiment shifts positively.
A decrease in short interest typically indicates that investors are becoming more bullish on the asset. Given that TREX's short interest is significantly higher than its peers, this reduction could signal a positive shift in investor sentiment towards the ETF, potentially leading to a short-term price increase.
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