Invesco Rochester High Yield Municipal ETF (BATS:IROC) Sees Large Decrease in Short Interest

Invesco Rochester High Yield Municipal ETF (BATS:IROC) was the target of a significant decline in short interest during the month of May. As of May 15th, there was short interest totaling 8,526 shares, a decline of 54.0% from the April 30th total of 18,522 shares. Based on an average daily volume of 15,296 shares, the short-interest ratio is currently 0.6 days. Approximately 1.4% of the shares of the company are sold short.

Invesco Rochester High Yield Municipal ETF Price Performance

IROC stock opened at $50.98 on Friday. The stock’s fifty day simple moving average is $50.60 and its two-hundred day simple moving average is $50.79. Invesco Rochester High Yield Municipal ETF has a 1-year low of $49.26 and a 1-year high of $51.93.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Private Advisor Group LLC purchased a new position in Invesco Rochester High Yield Municipal ETF in the first quarter worth $260,000. Sanctuary Advisors LLC purchased a new position in Invesco Rochester High Yield Municipal ETF in the fourth quarter worth $299,000. U.S. Capital Wealth Advisors LLC purchased a new position in Invesco Rochester High Yield Municipal ETF in the fourth quarter worth $324,000. LPL Financial LLC purchased a new position in Invesco Rochester High Yield Municipal ETF in the fourth quarter worth $378,000. Finally, Osaic Holdings Inc. boosted its position in Invesco Rochester High Yield Municipal ETF by 122.5% in the fourth quarter. Osaic Holdings Inc. now owns 8,203 shares of the company’s stock worth $416,000 after purchasing an additional 4,517 shares during the last quarter.

Invesco Rochester High Yield Municipal ETF Company Profile

Invesco Actively Managed Exchange-Traded Fund Trust – Invesco Rochester High Yield Municipal ETF is an exchange traded fund launched and managed by Invesco Capital Management LLC. The fund is co-managed by Invesco Advisers, Inc It invests in fixed income markets of the United States. It invests directly and through derivatives in medium- and lower- grade municipal securities which are rated BBB or lower by S&P, Baa or lower by Moody’s, or an equivalent rating by another nationally recognized statistical rating organization.