Invesco Floating Rate Municipal Income ETF (NYSEARCA:PVI) Short Interest Up 283.7% in June

Invesco Floating Rate Municipal Income ETF (NYSEARCA:PVI) saw a large growth in short interest during 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 trading volume of 20,042 shares, the short-interest ratio is presently 0.5 days. Approximately 0.8% of the shares of the stock are short sold.

Invesco Floating Rate Municipal Income ETF Stock Up 0.1%

NYSEARCA:PVI traded up $0.03 during midday trading on Monday, hitting $24.89. The company had a trading volume of 814 shares, compared to its average volume of 7,537. Invesco Floating Rate Municipal Income ETF has a 52-week low of $24.62 and a 52-week high of $25.02. The stock’s fifty day moving average price is $24.82 and its 200-day moving average price is $24.82.

Hedge Funds Weigh In On Invesco Floating Rate Municipal Income ETF

Hedge funds and other institutional investors have recently modified their holdings of the company. Raymond James Financial Inc. bought a new position in shares of Invesco Floating Rate Municipal Income ETF during the second quarter valued at approximately $34,000. Wealthcare Capital Management LLC bought a new stake in Invesco Floating Rate Municipal Income ETF in the fourth quarter valued at $283,000. Arkadios Wealth Advisors purchased a new position in Invesco Floating Rate Municipal Income ETF during the 1st quarter valued at $426,000. Avior Wealth Management LLC increased its position in Invesco Floating Rate Municipal Income ETF by 4.6% during the 4th quarter. Avior Wealth Management LLC now owns 18,329 shares of the company’s stock valued at $457,000 after purchasing an additional 798 shares during the period. Finally, Susquehanna International Group LLP bought a new position in Invesco Floating Rate Municipal Income ETF in the 3rd quarter worth $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.