Invesco Floating Rate Municipal Income ETF (NYSEARCA:PVI – Get Free Report) was the target of a large drop in short interest in the month of September. As of September 30th, there was short interest totaling 15,514 shares, a drop of 53.9% from the September 15th total of 33,669 shares. Based on an average daily trading volume, of 10,868 shares, the short-interest ratio is presently 1.4 days. Currently, 1.2% of the company’s shares are sold short.
Hedge Funds Weigh In On Invesco Floating Rate Municipal Income ETF
Hedge funds have recently modified their holdings of the business. Cetera Investment Advisers grew its stake in shares of Invesco Floating Rate Municipal Income ETF by 1.7% in the first quarter. Cetera Investment Advisers now owns 28,221 shares of the company’s stock worth $702,000 after purchasing an additional 471 shares during the last quarter. Farther Finance Advisors LLC acquired a new stake in Invesco Floating Rate Municipal Income ETF in the third quarter valued at $25,000. Integrated Wealth Concepts LLC bought a new position in Invesco Floating Rate Municipal Income ETF during the 2nd quarter worth $29,000. Avior Wealth Management LLC raised its position in Invesco Floating Rate Municipal Income ETF by 15.7% during the 2nd quarter. Avior Wealth Management LLC now owns 19,679 shares of the company’s stock worth $490,000 after purchasing an additional 2,675 shares during the last quarter. Finally, Arkadios Wealth Advisors bought a new position in Invesco Floating Rate Municipal Income ETF during the 1st quarter worth $426,000.
Invesco Floating Rate Municipal Income ETF Trading Down 0.1%
PVI traded down $0.03 during trading on Tuesday, reaching $24.87. 26,408 shares of the company’s stock were exchanged, compared to its average volume of 7,515. Invesco Floating Rate Municipal Income ETF has a one year low of $24.65 and a one year high of $25.09. The firm has a fifty day moving average price of $24.86 and a two-hundred day moving average price of $24.84.
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.
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