Invesco Zacks Multi-Asset Income ETF (NYSEARCA:CVY) Sees Large Decline in Short Interest

Invesco Zacks Multi-Asset Income ETF (NYSEARCA:CVY) saw a significant decrease in short interest in May. As of May 29th, there was short interest totaling 5,173 shares, a decrease of 37.5% from the May 14th total of 8,278 shares. Based on an average daily volume of 3,410 shares, the days-to-cover ratio is presently 1.5 days. Currently, 0.1% of the shares of the company are sold short.

Institutional Investors Weigh In On Invesco Zacks Multi-Asset Income ETF

Institutional investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. acquired a new stake in Invesco Zacks Multi-Asset Income ETF in the third quarter worth approximately $29,000. Harbour Investments Inc. lifted its position in Invesco Zacks Multi-Asset Income ETF by 46.2% in the fourth quarter. Harbour Investments Inc. now owns 1,655 shares of the company’s stock worth $44,000 after purchasing an additional 523 shares during the period. Jones Financial Companies Lllp lifted its position in Invesco Zacks Multi-Asset Income ETF by 349.9% in the first quarter. Jones Financial Companies Lllp now owns 1,966 shares of the company’s stock worth $50,000 after purchasing an additional 1,529 shares during the period. Kestra Advisory Services LLC acquired a new stake in Invesco Zacks Multi-Asset Income ETF in the fourth quarter worth approximately $53,000. Finally, Fifth Third Bancorp acquired a new stake in Invesco Zacks Multi-Asset Income ETF in the first quarter worth approximately $145,000.

Invesco Zacks Multi-Asset Income ETF Stock Performance

Shares of NYSEARCA:CVY traded up $0.14 on Wednesday, hitting $29.47. The company’s stock had a trading volume of 419 shares, compared to its average volume of 4,688. Invesco Zacks Multi-Asset Income ETF has a 12 month low of $24.24 and a 12 month high of $29.62. The company has a market capitalization of $123.48 million, a price-to-earnings ratio of 10.24 and a beta of 0.79. The stock’s 50-day moving average is $28.54 and its two-hundred day moving average is $27.90.

About Invesco Zacks Multi-Asset Income ETF

The Guggenheim Multi-Asset Income ETF (the Fund), formerly Claymore/Zacks Multi-Asset Income Index ETF, seeks investment results that correspond generally to the performance of an equity index called the Zacks Multi-Asset Income Index (the Index). The Index consists of approximately 125 to 150 securities selected, based on investment and other criteria, from a universe of domestic and international companies. The universe of securities within the Index includes United States-listed common stocks, American depositary receipts (ADRs) paying dividends, real estate investment trusts, master limited partnerships, closed-end funds and traditional preferred stocks.