Short Interest in Invesco Floating Rate Municipal Income ETF (NYSEARCA:PVI) Decreases By 93.0%

Invesco Floating Rate Municipal Income ETF (NYSEARCA:PVI) was the target of a large drop in short interest during the month of May. As of May 15th, there was short interest totaling 458 shares, a drop of 93.0% from the April 30th total of 6,558 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 5,748 shares, the short-interest ratio is currently 0.1 days.

Invesco Floating Rate Municipal Income ETF Price Performance

Shares of NYSEARCA:PVI traded up $0.01 during trading on Wednesday, hitting $24.86. The company had a trading volume of 1,790 shares, compared to its average volume of 6,394. Invesco Floating Rate Municipal Income ETF has a one year low of $24.62 and a one year high of $25.02. The company has a fifty day simple moving average of $24.81 and a two-hundred day simple moving average of $24.81.

Institutional Investors Weigh In On Invesco Floating Rate Municipal Income ETF

A number of institutional investors and hedge funds have recently modified their holdings of the business. Wealthcare Advisory Partners LLC lifted its stake in shares of Invesco Floating Rate Municipal Income ETF by 44.2% during the 4th quarter. Wealthcare Advisory Partners LLC now owns 79,297 shares of the company’s stock worth $1,976,000 after acquiring an additional 24,302 shares during the last quarter. Jane Street Group LLC lifted its stake in shares of Invesco Floating Rate Municipal Income ETF by 6.5% during the 2nd quarter. Jane Street Group LLC now owns 48,473 shares of the company’s stock worth $1,201,000 after acquiring an additional 2,949 shares during the last quarter. Janney Montgomery Scott LLC bought a new stake in shares of Invesco Floating Rate Municipal Income ETF during the 1st quarter worth approximately $991,000. Foundations Investment Advisors LLC lifted its stake in shares of Invesco Floating Rate Municipal Income ETF by 77.7% during the 4th quarter. Foundations Investment Advisors LLC now owns 37,710 shares of the company’s stock worth $940,000 after acquiring an additional 16,492 shares during the last quarter. Finally, Cetera Investment Advisers lifted its stake 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 worth $702,000 after acquiring an additional 471 shares during the last quarter.

Invesco Floating Rate Municipal Income ETF Company Profile

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.