Invesco Rochester High Yield Municipal ETF (BATS:IROC – Get Free Report) saw a large increase in short interest during the month of August. As of August 31st, there was short interest totaling 25,222 shares, an increase of 103.7% from the August 15th total of 12,380 shares. Based on an average daily trading volume, of 12,301 shares, the days-to-cover ratio is currently 2.1 days. Currently, 4.2% of the shares of the company are sold short.
Institutional Inflows and Outflows
Institutional investors have recently added to or reduced their stakes in the stock. Citadel Advisors LLC acquired a new stake in Invesco Rochester High Yield Municipal ETF in the second quarter worth $214,000. Turner Financial Group Inc. bought a new position in shares of Invesco Rochester High Yield Municipal ETF during the second quarter worth about $230,000. Private Advisor Group LLC bought a new position in shares of Invesco Rochester High Yield Municipal ETF during the first quarter worth about $260,000. CoreCap Advisors LLC increased its holdings in shares of Invesco Rochester High Yield Municipal ETF by 7.4% in the 2nd quarter. CoreCap Advisors LLC now owns 5,746 shares of the company’s stock worth $295,000 after acquiring an additional 397 shares during the period. Finally, LPL Financial LLC acquired a new stake in shares of Invesco Rochester High Yield Municipal ETF in the 4th quarter worth about $378,000.
Invesco Rochester High Yield Municipal ETF Trading Down 0.4%
IROC opened at $49.15 on Monday. The company’s 50-day moving average price is $50.47 and its 200 day moving average price is $50.70. Invesco Rochester High Yield Municipal ETF has a fifty-two week low of $49.00 and a fifty-two week high of $51.93.
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.
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