Invesco Floating Rate Municipal Income ETF (NYSEARCA:PVI) Short Interest Up 283.7% in June

Invesco Floating Rate Municipal Income ETF (NYSEARCA:PVI) was the target of a large increase in short interest during the month of June. As of June 15th, there was short interest totaling 9,938 shares, an increase of 283.7% from the May 31st total of 2,590 shares. Based on an average daily volume of 20,042 shares, the short-interest ratio is currently 0.5 days. Currently, 0.8% of the company’s shares are short sold.

Invesco Floating Rate Municipal Income ETF Stock Performance

Shares of NYSEARCA PVI traded up $0.01 during mid-day trading on Friday, reaching $24.87. 3,057 shares of the company’s stock were exchanged, compared to its average volume of 7,538. Invesco Floating Rate Municipal Income ETF has a 52-week low of $24.62 and a 52-week high of $25.02. The company’s 50-day moving average is $24.82 and its 200-day moving average is $24.82.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Janney Montgomery Scott LLC purchased a new position in Invesco Floating Rate Municipal Income ETF during the first quarter worth about $991,000. Wealthcare Advisory Partners LLC lifted its holdings in shares of Invesco Floating Rate Municipal Income ETF by 44.2% in the 4th quarter. Wealthcare Advisory Partners LLC now owns 79,297 shares of the company’s stock worth $1,976,000 after acquiring an additional 24,302 shares during the last quarter. Susquehanna International Group LLP purchased a new position in shares of Invesco Floating Rate Municipal Income ETF during the 3rd quarter worth approximately $474,000. Arkadios Wealth Advisors purchased a new position in shares of Invesco Floating Rate Municipal Income ETF during the 1st quarter worth approximately $426,000. Finally, Foundations Investment Advisors LLC boosted its position in shares of Invesco Floating Rate Municipal Income ETF by 77.7% during the 4th quarter. Foundations Investment Advisors LLC now owns 37,710 shares of the company’s stock worth $940,000 after purchasing an additional 16,492 shares during the period.

Invesco Floating Rate Municipal Income ETF Company Profile

The Invesco VRDO Tax-Free ETF (PVI) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a market-value-weighted index of VRDOs issued by US municipalities. PVI was launched on Nov 15, 2007 and is managed by Invesco.