Invesco Floating Rate Municipal Income ETF (NYSEARCA:PVI) Sees Significant Growth in Short Interest

Invesco Floating Rate Municipal Income ETF (NYSEARCA:PVI) was the recipient of a large increase in short interest during the month of September. As of September 15th, there was short interest totaling 33,669 shares, an increase of 231.6% from the August 31st total of 10,152 shares. Approximately 2.7% of the shares of the company are sold short. Based on an average trading volume of 2,703 shares, the short-interest ratio is presently 12.5 days.

Invesco Floating Rate Municipal Income ETF Stock Up 0.2%

Invesco Floating Rate Municipal Income ETF stock traded up $0.06 during mid-day trading on Friday, reaching $24.89. 8,246 shares of the company were exchanged, compared to its average volume of 7,218. The firm’s 50-day simple moving average is $24.84 and its two-hundred day simple moving average is $24.83. Invesco Floating Rate Municipal Income ETF has a twelve month low of $24.65 and a twelve month high of $24.98.

Hedge Funds Weigh In On Invesco Floating Rate Municipal Income ETF

Institutional investors have recently bought and sold shares of the company. Integrated Wealth Concepts LLC acquired a new stake in shares of Invesco Floating Rate Municipal Income ETF in the 2nd quarter worth $29,000. Avior Wealth Management LLC boosted its holdings in shares of Invesco Floating Rate Municipal Income ETF by 15.7% in the second quarter. Avior Wealth Management LLC now owns 19,679 shares of the company’s stock valued at $490,000 after acquiring an additional 2,675 shares in the last quarter. Arkadios Wealth Advisors acquired a new position in shares of Invesco Floating Rate Municipal Income ETF during the first quarter worth about $426,000. Cetera Investment Advisers raised its holdings in Invesco Floating Rate Municipal Income ETF by 1.7% during the first quarter. Cetera Investment Advisers now owns 28,221 shares of the company’s stock worth $702,000 after purchasing an additional 471 shares in the last quarter. Finally, Janney Montgomery Scott LLC purchased a new position in Invesco Floating Rate Municipal Income ETF during the first quarter worth about $991,000.

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.