Invesco Floating Rate Municipal Income ETF (NYSEARCA:PVI – Get Free Report) was the recipient of a significant drop in short interest during the month of October. As of October 30th, there was short interest totaling 16,340 shares, a drop of 74.8% from the October 15th total of 64,823 shares. Based on an average trading volume of 13,517 shares, the days-to-cover ratio is presently 1.2 days. Currently, 1.1% of the company’s shares are sold short.
Invesco Floating Rate Municipal Income ETF Stock Up 0.2%
PVI stock opened at $24.88 on Thursday. Invesco Floating Rate Municipal Income ETF has a one year low of $24.65 and a one year high of $25.10. The company has a 50 day moving average price of $24.86 and a two-hundred day moving average price of $24.83.
Institutional Inflows and Outflows
Large investors have recently made changes to their positions in the business. Flagship Harbor Advisors LLC grew its position in shares of Invesco Floating Rate Municipal Income ETF by 3.2% in the third quarter. Flagship Harbor Advisors LLC now owns 40,747 shares of the company’s stock valued at $1,017,000 after purchasing an additional 1,274 shares during the period. Cetera Investment Advisers lifted its position 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 buying an additional 471 shares during the period. Avior Wealth Management LLC purchased a new position in Invesco Floating Rate Municipal Income ETF during the third quarter worth about $551,000. Arkadios Wealth Advisors purchased a new position in Invesco Floating Rate Municipal Income ETF during the first quarter worth about $426,000. Finally, Private Advisor Group LLC acquired a new stake in Invesco Floating Rate Municipal Income ETF in the 3rd quarter worth about $357,000.
About Invesco Floating Rate Municipal Income ETF
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.
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