Invesco Floating Rate Municipal Income ETF (NYSEARCA:PVI – Get Free Report) saw a significant growth in short interest during the month of October. As of October 15th, there was short interest totaling 64,823 shares, a growth of 317.8% from the September 30th total of 15,514 shares. Based on an average trading volume of 11,573 shares, the days-to-cover ratio is currently 5.6 days. Approximately 4.6% of the company’s shares are sold short.
Institutional Investors Weigh In On Invesco Floating Rate Municipal Income ETF
A number of institutional investors have recently bought and sold shares of the stock. Flagship Harbor Advisors LLC raised its position in shares of Invesco Floating Rate Municipal Income ETF by 3.2% during the 3rd quarter. Flagship Harbor Advisors LLC now owns 40,747 shares of the company’s stock valued at $1,017,000 after acquiring an additional 1,274 shares in the last quarter. Avior Wealth Management LLC acquired a new position in Invesco Floating Rate Municipal Income ETF in the 3rd quarter worth about $551,000. Farther Finance Advisors LLC acquired a new position in Invesco Floating Rate Municipal Income ETF during the third quarter valued at approximately $25,000. Integrated Wealth Concepts LLC acquired a new position in shares of Invesco Floating Rate Municipal Income ETF during the second quarter worth approximately $29,000. Finally, Arkadios Wealth Advisors acquired a new position in shares of Invesco Floating Rate Municipal Income ETF in the first quarter valued at $426,000.
Invesco Floating Rate Municipal Income ETF Price Performance
PVI opened at $24.81 on Wednesday. Invesco Floating Rate Municipal Income ETF has a 12-month low of $24.65 and a 12-month high of $25.10. The firm has a 50 day moving average of $24.87 and a two-hundred day moving average of $24.83.
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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