Short Interest in Invesco Zacks Multi-Asset Income ETF (NYSEARCA:CVY) Grows By 142.4%

Invesco Zacks Multi-Asset Income ETF (NYSEARCA:CVY) saw a large increase in short interest during the month of August. As of August 14th, there was short interest totaling 1,922 shares, an increase of 142.4% from the July 30th total of 793 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average trading volume of 4,490 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. bought a new position in Invesco Zacks Multi-Asset Income ETF in the third quarter valued at approximately $29,000. Harbour Investments Inc. raised its holdings in shares of Invesco Zacks Multi-Asset Income ETF by 46.2% during the fourth quarter. Harbour Investments Inc. now owns 1,655 shares of the company’s stock worth $44,000 after acquiring an additional 523 shares during the period. Jones Financial Companies Lllp raised its holdings in shares of Invesco Zacks Multi-Asset Income ETF by 349.9% during the first quarter. Jones Financial Companies Lllp now owns 1,966 shares of the company’s stock worth $50,000 after acquiring an additional 1,529 shares during the period. Kestra Advisory Services LLC bought a new stake in Invesco Zacks Multi-Asset Income ETF in the 4th quarter valued at $53,000. Finally, Fifth Third Bancorp acquired a new position in Invesco Zacks Multi-Asset Income ETF in the 1st quarter worth $145,000.

Invesco Zacks Multi-Asset Income ETF Stock Performance

NYSEARCA:CVY traded down $0.02 during trading hours on Friday, hitting $30.59. The stock had a trading volume of 286 shares, compared to its average volume of 4,576. The business’s 50 day moving average is $29.86 and its 200-day moving average is $28.79. The company has a market cap of $125.72 million, a price-to-earnings ratio of 10.24 and a beta of 0.78. Invesco Zacks Multi-Asset Income ETF has a one year low of $25.81 and a one year high of $30.71.

Invesco Zacks Multi-Asset Income ETF Company Profile

The Guggenheim Multi-Asset Income ETF (the Fund), formerly Claymore/Zacks Multi-Asset Income Index ETF, seeks investment results that correspond generally to the performance of an equity index called the Zacks Multi-Asset Income Index (the Index). The Index consists of approximately 125 to 150 securities selected, based on investment and other criteria, from a universe of domestic and international companies. The universe of securities within the Index includes United States-listed common stocks, American depositary receipts (ADRs) paying dividends, real estate investment trusts, master limited partnerships, closed-end funds and traditional preferred stocks.