Short Interest in Invesco Floating Rate Municipal Income ETF (NYSEARCA:PVI) Drops By 93.0%

Invesco Floating Rate Municipal Income ETF (NYSEARCA:PVI) was the target of a significant drop in short interest during the month of May. As of May 15th, there was short interest totaling 458 shares, a drop of 93.0% from the April 30th total of 6,558 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average trading volume of 5,748 shares, the short-interest ratio is presently 0.1 days.

Invesco Floating Rate Municipal Income ETF Price Performance

Invesco Floating Rate Municipal Income ETF stock traded down $0.07 during mid-day trading on Thursday, hitting $24.79. The stock had a trading volume of 8,145 shares, compared to its average volume of 6,410. The stock has a 50-day simple moving average of $24.81 and a two-hundred day simple 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.

Hedge Funds Weigh In On Invesco Floating Rate Municipal Income ETF

Hedge funds have recently added to or reduced their stakes in the stock. Raymond James Financial Inc. acquired a new position in Invesco Floating Rate Municipal Income ETF in the second quarter valued at about $34,000. Wealthcare Capital Management LLC acquired a new position in Invesco Floating Rate Municipal Income ETF in the fourth quarter valued at about $283,000. Arkadios Wealth Advisors acquired a new position in Invesco Floating Rate Municipal Income ETF in the first quarter valued at about $426,000. Avior Wealth Management LLC lifted its stake in Invesco Floating Rate Municipal Income ETF by 4.6% in the fourth quarter. Avior Wealth Management LLC now owns 18,329 shares of the company’s stock valued at $457,000 after buying an additional 798 shares during the period. Finally, Susquehanna International Group LLP acquired a new position in Invesco Floating Rate Municipal Income ETF in the third quarter valued at about $474,000.

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.