Short Interest in Invesco Floating Rate Municipal Income ETF (NYSEARCA:PVI) Decreases By 42.4%

Invesco Floating Rate Municipal Income ETF (NYSEARCA:PVI) was the target of a significant decrease in short interest in the month of April. As of April 30th, there was short interest totaling 6,558 shares, a decrease of 42.4% from the April 15th total of 11,379 shares. Based on an average daily trading volume, of 2,959 shares, the short-interest ratio is presently 2.2 days. Currently, 0.5% of the shares of the company are sold short.

Institutional Investors Weigh In On Invesco Floating Rate Municipal Income ETF

Several hedge funds have recently made changes to their positions in the business. Cetera Investment Advisers boosted its stake in shares of Invesco Floating Rate Municipal Income ETF by 1.7% during the first quarter. Cetera Investment Advisers now owns 28,221 shares of the company’s stock worth $702,000 after buying an additional 471 shares during the period. Avior Wealth Management LLC boosted its stake in shares of Invesco Floating Rate Municipal Income ETF by 4.6% during the fourth quarter. Avior Wealth Management LLC now owns 18,329 shares of the company’s stock worth $457,000 after buying an additional 798 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of Invesco Floating Rate Municipal Income ETF during the second quarter worth about $34,000. Jane Street Group LLC raised its holdings in Invesco Floating Rate Municipal Income ETF by 6.1% during the first quarter. Jane Street Group LLC now owns 45,524 shares of the company’s stock worth $1,130,000 after purchasing an additional 2,628 shares in the last quarter. Finally, Foundations Investment Advisors LLC raised its holdings in Invesco Floating Rate Municipal Income ETF by 17.0% during the third quarter. Foundations Investment Advisors LLC now owns 21,218 shares of the company’s stock worth $527,000 after purchasing an additional 3,087 shares in the last quarter.

Invesco Floating Rate Municipal Income ETF Price Performance

Shares of PVI traded down $0.11 during mid-day trading on Monday, hitting $24.74. 4,226 shares of the company’s stock were exchanged, compared to its average volume of 6,268. Invesco Floating Rate Municipal Income ETF has a fifty-two week low of $24.62 and a fifty-two week high of $25.02. The business’s 50 day moving average is $24.81 and its two-hundred day moving average is $24.81.

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.