Invesco Floating Rate Municipal Income ETF (NYSEARCA:PVI) Short Interest Update

Invesco Floating Rate Municipal Income ETF (NYSEARCA:PVI) saw a large decline in short interest in August. As of August 14th, there was short interest totaling 7,252 shares, a decline of 45.0% from the July 30th total of 13,179 shares. Approximately 0.6% of the shares of the stock are short sold. Based on an average trading volume of 8,731 shares, the days-to-cover ratio is presently 0.8 days.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Raymond James Financial Inc. purchased a new position in Invesco Floating Rate Municipal Income ETF in the second quarter worth approximately $34,000. Arkadios Wealth Advisors purchased a new stake in Invesco Floating Rate Municipal Income ETF in the first quarter valued at $426,000. Susquehanna International Group LLP acquired a new position in shares of Invesco Floating Rate Municipal Income ETF in the 3rd quarter valued at $474,000. Avior Wealth Management LLC lifted its stake in shares of Invesco Floating Rate Municipal Income ETF by 15.7% in the 2nd quarter. Avior Wealth Management LLC now owns 19,679 shares of the company’s stock valued at $490,000 after purchasing an additional 2,675 shares during the last quarter. Finally, Osaic Holdings Inc. grew its holdings in shares of Invesco Floating Rate Municipal Income ETF by 200.4% during the 4th quarter. Osaic Holdings Inc. now owns 22,482 shares of the company’s stock worth $560,000 after purchasing an additional 14,998 shares during the period.

Invesco Floating Rate Municipal Income ETF Stock Performance

NYSEARCA:PVI traded up $0.07 during trading hours on Monday, reaching $24.92. 36,530 shares of the company were exchanged, compared to its average volume of 7,654. Invesco Floating Rate Municipal Income ETF has a twelve month low of $24.62 and a twelve month high of $25.00. The stock’s 50-day moving average is $24.84 and its 200-day moving average is $24.82.

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.