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

Invesco Rochester High Yield Municipal ETF (BATS:IROC) was the target of a large growth in short interest in the month of April. As of April 30th, there was short interest totaling 18,522 shares, a growth of 123.6% from the April 15th total of 8,282 shares. Based on an average daily volume of 5,592 shares, the days-to-cover ratio is currently 3.3 days. Currently, 3.1% of the company’s shares are sold short.

Invesco Rochester High Yield Municipal ETF Trading Down 0.6%

Shares of BATS:IROC opened at $50.50 on Friday. Invesco Rochester High Yield Municipal ETF has a 1 year low of $49.26 and a 1 year high of $51.93. The stock has a 50-day simple moving average of $50.68 and a 200-day simple moving average of $50.81.

Institutional Trading of Invesco Rochester High Yield Municipal ETF

A number of institutional investors have recently added to or reduced their stakes in IROC. Private Advisor Group LLC purchased a new stake in Invesco Rochester High Yield Municipal ETF during the 1st quarter worth $260,000. Sanctuary Advisors LLC purchased a new stake in Invesco Rochester High Yield Municipal ETF during the 4th quarter worth $299,000. U.S. Capital Wealth Advisors LLC purchased a new stake in Invesco Rochester High Yield Municipal ETF during the 4th quarter worth $324,000. LPL Financial LLC purchased a new stake in Invesco Rochester High Yield Municipal ETF during the 4th quarter worth $378,000. Finally, Osaic Holdings Inc. boosted its position in Invesco Rochester High Yield Municipal ETF by 122.5% during the 4th 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 period.

About Invesco Rochester High Yield Municipal ETF

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.