Invesco Zacks Multi-Asset Income ETF (NYSEARCA:CVY) Sees Significant Increase in Short Interest

Invesco Zacks Multi-Asset Income ETF (NYSEARCA:CVY) was the recipient of a large increase in short interest during the month of January. As of January 15th, there was short interest totaling 4,546 shares, an increase of 1,329.6% from the December 31st total of 318 shares. Based on an average daily trading volume, of 4,412 shares, the short-interest ratio is currently 1.0 days. Currently, 0.1% of the shares of the company are short sold. Currently, 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 4,412 shares, the short-interest ratio is currently 1.0 days.

Invesco Zacks Multi-Asset Income ETF Price Performance

Invesco Zacks Multi-Asset Income ETF stock traded down $0.02 during mid-day trading on Tuesday, reaching $27.88. 3,431 shares of the stock traded hands, compared to its average volume of 5,031. Invesco Zacks Multi-Asset Income ETF has a 12-month low of $21.79 and a 12-month high of $28.25. The business’s 50-day moving average is $27.17 and its 200-day moving average is $26.77. The stock has a market capitalization of $117.65 million, a PE ratio of 10.24 and a beta of 0.89.

Hedge Funds Weigh In On Invesco Zacks Multi-Asset Income ETF

Institutional investors have recently made changes to their positions in the business. JPMorgan Chase & Co. purchased a new position in shares of Invesco Zacks Multi-Asset Income ETF in the third quarter worth approximately $29,000. Jones Financial Companies Lllp raised its position in Invesco Zacks Multi-Asset Income ETF by 349.9% in the first quarter. Jones Financial Companies Lllp now owns 1,966 shares of the company’s stock worth $50,000 after acquiring an additional 1,529 shares during the period. Citadel Advisors LLC bought a new position in Invesco Zacks Multi-Asset Income ETF in the third quarter worth approximately $341,000. Osaic Holdings Inc. boosted its stake in shares of Invesco Zacks Multi-Asset Income ETF by 36.7% during the 2nd quarter. Osaic Holdings Inc. now owns 18,945 shares of the company’s stock worth $488,000 after acquiring an additional 5,087 shares during the last quarter. Finally, Raymond James Financial Inc. boosted its stake in shares of Invesco Zacks Multi-Asset Income ETF by 2.4% during the 3rd quarter. Raymond James Financial Inc. now owns 33,174 shares of the company’s stock worth $889,000 after acquiring an additional 765 shares during the last quarter.

About Invesco Zacks Multi-Asset Income ETF

The Guggenheim Multi-Asset Income ETF (the Fund), formerly Claymore/Zacks Multi-Asset Income Index ETF, seeks investment results that correspond generally to the performance of an equity index called the Zacks Multi-Asset Income Index (the Index). The Index consists of approximately 125 to 150 securities selected, based on investment and other criteria, from a universe of domestic and international companies. The universe of securities within the Index includes United States-listed common stocks, American depositary receipts (ADRs) paying dividends, real estate investment trusts, master limited partnerships, closed-end funds and traditional preferred stocks.