Invesco Floating Rate Municipal Income ETF (NYSEARCA:PVI) Short Interest Down 45.0% in August

Invesco Floating Rate Municipal Income ETF (NYSEARCA:PVI) saw a large drop in short interest in the month of August. As of August 14th, there was short interest totaling 7,252 shares, a drop of 45.0% from the July 30th total of 13,179 shares. Based on an average trading volume of 8,731 shares, the short-interest ratio is presently 0.8 days. Currently, 0.6% of the shares of the company are short sold.

Institutional Trading of Invesco Floating Rate Municipal Income ETF

Institutional investors and hedge funds have recently modified their holdings of the company. Cetera Investment Advisers increased its holdings in Invesco Floating Rate Municipal Income ETF by 1.7% in 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 during the last quarter. Raymond James Financial Inc. purchased a new stake in Invesco Floating Rate Municipal Income ETF in the 2nd quarter worth $34,000. Jane Street Group LLC boosted its holdings in shares of Invesco Floating Rate Municipal Income ETF by 6.1% during the 1st quarter. Jane Street Group LLC now owns 45,524 shares of the company’s stock valued at $1,130,000 after purchasing an additional 2,628 shares during the last quarter. Avior Wealth Management LLC boosted its holdings in shares of Invesco Floating Rate Municipal Income ETF by 15.7% during the 2nd quarter. Avior Wealth Management LLC now owns 19,679 shares of the company’s stock valued at $490,000 after purchasing an additional 2,675 shares during the last quarter. Finally, Osaic Holdings Inc. grew its position in shares of Invesco Floating Rate Municipal Income ETF by 200.4% during the fourth quarter. Osaic Holdings Inc. now owns 22,482 shares of the company’s stock valued at $560,000 after purchasing an additional 14,998 shares in the last quarter.

Invesco Floating Rate Municipal Income ETF Price Performance

NYSEARCA:PVI traded down $0.02 during trading hours on Friday, hitting $24.85. 9,091 shares of the stock traded hands, compared to its average volume of 7,479. Invesco Floating Rate Municipal Income ETF has a 1 year low of $24.62 and a 1 year high of $25.00. The stock has a 50 day moving average price of $24.84 and a 200 day moving average price of $24.82.

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.