Invesco Floating Rate Municipal Income ETF (NYSEARCA:PVI) Short Interest Update

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

Invesco Floating Rate Municipal Income ETF Price Performance

PVI traded down $0.01 during trading on Friday, reaching $24.85. 852 shares of the company’s stock were exchanged, compared to its average volume of 6,291. The company’s fifty day moving average price is $24.81 and its 200-day moving average price is $24.81. Invesco Floating Rate Municipal Income ETF has a fifty-two week low of $24.62 and a fifty-two week high of $25.02.

Institutional Trading of Invesco Floating Rate Municipal Income ETF

A number of institutional investors have recently bought and sold shares of the business. Cetera Investment Advisers grew its holdings in Invesco Floating Rate Municipal Income ETF by 1.7% during the 1st quarter. Cetera Investment Advisers now owns 28,221 shares of the company’s stock worth $702,000 after acquiring an additional 471 shares during the period. Janney Montgomery Scott LLC acquired a new stake in Invesco Floating Rate Municipal Income ETF during the 1st quarter worth $991,000. Osaic Holdings Inc. grew its holdings in Invesco Floating Rate Municipal Income ETF by 200.4% during the 4th quarter. Osaic Holdings Inc. now owns 22,482 shares of the company’s stock worth $560,000 after acquiring an additional 14,998 shares during the period. Foundations Investment Advisors LLC grew its holdings in Invesco Floating Rate Municipal Income ETF by 77.7% during the 4th quarter. Foundations Investment Advisors LLC now owns 37,710 shares of the company’s stock worth $940,000 after acquiring an additional 16,492 shares during the period. Finally, Wealthcare Capital Management LLC acquired a new stake in Invesco Floating Rate Municipal Income ETF during the 4th quarter worth $283,000.

About Invesco Floating Rate Municipal Income ETF

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.