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

Invesco Floating Rate Municipal Income ETF (NYSEARCA:PVI) saw a significant increase in short interest in the month of May. As of May 29th, there was short interest totaling 2,590 shares, an increase of 465.5% from the May 14th total of 458 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average daily trading volume, of 7,937 shares, the short-interest ratio is currently 0.3 days.

Invesco Floating Rate Municipal Income ETF Stock Up 0.1%

Invesco Floating Rate Municipal Income ETF stock traded up $0.02 during mid-day trading on Thursday, reaching $24.88. 15,722 shares of the company were exchanged, compared to its average volume of 7,819. The business has a fifty day moving average of $24.81 and a 200 day moving average of $24.81. Invesco Floating Rate Municipal Income ETF has a 12-month low of $24.62 and a 12-month high of $25.02.

Institutional Trading of Invesco Floating Rate Municipal Income ETF

Hedge funds and other institutional investors have recently made changes to their positions in the business. Raymond James Financial Inc. purchased a new stake in shares of Invesco Floating Rate Municipal Income ETF during the 2nd quarter valued at $34,000. Wealthcare Capital Management LLC purchased a new stake in shares of Invesco Floating Rate Municipal Income ETF during the 4th quarter valued at $283,000. Arkadios Wealth Advisors purchased a new stake in shares of Invesco Floating Rate Municipal Income ETF during the 1st quarter valued at $426,000. Avior Wealth Management LLC lifted its holdings in shares of Invesco Floating Rate Municipal Income ETF by 4.6% during the 4th quarter. Avior Wealth Management LLC now owns 18,329 shares of the company’s stock valued at $457,000 after purchasing an additional 798 shares during the last quarter. Finally, Susquehanna International Group LLP purchased a new stake in shares of Invesco Floating Rate Municipal Income ETF during the 3rd quarter valued at $474,000.

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.