Invesco Floating Rate Municipal Income ETF (NYSEARCA:PVI) Sees Significant Decrease in Short Interest

Invesco Floating Rate Municipal Income ETF (NYSEARCA:PVI) was the recipient of a significant decline in short interest in May. As of May 15th, there was short interest totaling 458 shares, a decline of 93.0% from the April 30th total of 6,558 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average trading volume of 5,748 shares, the days-to-cover ratio is currently 0.1 days.

Invesco Floating Rate Municipal Income ETF Stock Up 0.0%

NYSEARCA PVI traded up $0.01 during trading on Friday, hitting $24.80. 8,547 shares of the company’s stock were exchanged, compared to its average volume of 6,431. 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 stock’s 50 day moving average price is $24.81 and its two-hundred day moving average price is $24.81.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of PVI. Jane Street Group LLC raised its stake 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 acquiring an additional 2,628 shares in the last quarter. Raymond James Financial Inc. acquired a new position in Invesco Floating Rate Municipal Income ETF during the second quarter worth about $34,000. Foundations Investment Advisors LLC raised its stake 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 acquiring an additional 3,087 shares in the last quarter. Wealthcare Advisory Partners LLC raised its stake in Invesco Floating Rate Municipal Income ETF by 28.1% during the third quarter. Wealthcare Advisory Partners LLC now owns 54,995 shares of the company’s stock worth $1,366,000 after acquiring an additional 12,076 shares in the last quarter. Finally, Susquehanna International Group LLP acquired a new position in Invesco Floating Rate Municipal Income ETF during the third quarter worth about $474,000.

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.