Invesco Zacks Multi-Asset Income ETF (NYSEARCA:CVY) Shares Shorted: Short Interest Down 61.3% in September

Invesco Zacks Multi-Asset Income ETF (NYSEARCA:CVY) saw a large drop in short interest in the month of September. As of September 15th, there was short interest totaling 1,085 shares, a drop of 61.3% from the August 31st total of 2,805 shares. Based on an average trading volume of 6,762 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.0% of the shares of the company are sold short.

Institutional Investors Weigh In On Invesco Zacks Multi-Asset Income ETF

Several institutional investors and hedge funds have recently made changes to their positions in the company. Kestra Advisory Services LLC boosted its position in Invesco Zacks Multi-Asset Income ETF by 4,304.6% in the first quarter. Kestra Advisory Services LLC now owns 87,827 shares of the company’s stock valued at $2,378,000 after buying an additional 85,833 shares in the last quarter. Fifth Third Bancorp acquired a new stake in shares of Invesco Zacks Multi-Asset Income ETF during the first quarter worth approximately $145,000. Finally, Harbour Investments Inc. increased its holdings in shares of Invesco Zacks Multi-Asset Income ETF by 46.2% during the fourth quarter. Harbour Investments Inc. now owns 1,655 shares of the company’s stock worth $44,000 after buying an additional 523 shares in the last quarter.

Invesco Zacks Multi-Asset Income ETF Stock Performance

Shares of NYSEARCA:CVY traded down $0.07 during midday trading on Tuesday, reaching $28.48. 2,505 shares of the company’s stock were exchanged, compared to its average volume of 4,649. The company’s 50 day simple moving average is $30.17 and its two-hundred day simple moving average is $29.03. Invesco Zacks Multi-Asset Income ETF has a 12 month low of $25.81 and a 12 month high of $30.86. The firm has a market capitalization of $116.77 million, a PE ratio of 10.24 and a beta of 0.78.

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.