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

Invesco Floating Rate Municipal Income ETF (NYSEARCA:PVI) was the target of a large growth in short interest in the month of June. As of June 15th, there was short interest totaling 9,938 shares, a growth of 283.7% from the May 31st total of 2,590 shares. Based on an average daily volume of 20,042 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.8% of the company’s shares are sold short.

Invesco Floating Rate Municipal Income ETF Stock Up 0.0%

PVI traded up $0.01 on Friday, reaching $24.87. 3,057 shares of the company’s stock were exchanged, compared to its average volume of 7,538. Invesco Floating Rate Municipal Income ETF has a twelve month low of $24.62 and a twelve month high of $25.02. The company’s 50 day moving average is $24.82 and its 200-day moving average is $24.82.

Institutional Investors Weigh In On Invesco Floating Rate Municipal Income ETF

Several large investors have recently made changes to their positions in the business. Cetera Investment Advisers lifted its holdings in shares of 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 valued at $702,000 after acquiring an additional 471 shares in the last quarter. Avior Wealth Management LLC lifted its stake in shares of Invesco Floating Rate Municipal Income ETF by 4.6% during the fourth quarter. Avior Wealth Management LLC now owns 18,329 shares of the company’s stock worth $457,000 after purchasing an additional 798 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Invesco Floating Rate Municipal Income ETF in the second quarter worth about $34,000. Jane Street Group LLC boosted its position in shares of Invesco Floating Rate Municipal Income ETF by 6.1% in the first quarter. Jane Street Group LLC now owns 45,524 shares of the company’s stock worth $1,130,000 after buying an additional 2,628 shares during the period. Finally, Wealthcare Capital Management LLC acquired a new stake in shares of Invesco Floating Rate Municipal Income ETF in the fourth quarter valued at about $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.