Invesco Zacks Multi-Asset Income ETF (NYSEARCA:CVY) Sees Significant Growth in Short Interest

Invesco Zacks Multi-Asset Income ETF (NYSEARCA:CVY) was the target of a large increase in short interest in August. As of August 14th, there was short interest totaling 1,922 shares, an increase of 142.4% from the July 30th total of 793 shares. Based on an average daily trading volume, of 4,490 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.0% of the shares of the stock are short sold.

Invesco Zacks Multi-Asset Income ETF Stock Performance

Shares of Invesco Zacks Multi-Asset Income ETF stock traded down $0.02 on Friday, hitting $30.59. 286 shares of the company traded hands, compared to its average volume of 4,576. Invesco Zacks Multi-Asset Income ETF has a 52 week low of $25.81 and a 52 week high of $30.71. The business has a 50-day simple moving average of $29.86 and a 200 day simple moving average of $28.79. The stock has a market capitalization of $125.72 million, a P/E ratio of 10.24 and a beta of 0.78.

Institutional Trading of Invesco Zacks Multi-Asset Income ETF

Several hedge funds have recently bought and sold shares of the stock. Jones Financial Companies Lllp lifted its position in shares of Invesco Zacks Multi-Asset Income ETF by 349.9% in the first quarter. Jones Financial Companies Lllp now owns 1,966 shares of the company’s stock worth $50,000 after buying an additional 1,529 shares in the last quarter. Osaic Holdings Inc. grew its holdings in Invesco Zacks Multi-Asset Income ETF by 36.7% during the 2nd quarter. Osaic Holdings Inc. now owns 18,945 shares of the company’s stock valued at $488,000 after buying an additional 5,087 shares in the last quarter. JPMorgan Chase & Co. purchased a new position in Invesco Zacks Multi-Asset Income ETF during the 3rd quarter valued at approximately $29,000. Raymond James Financial Inc. increased its stake in Invesco Zacks Multi-Asset Income ETF by 2.4% in the 3rd quarter. Raymond James Financial Inc. now owns 33,174 shares of the company’s stock worth $889,000 after acquiring an additional 765 shares during the last quarter. Finally, Citadel Advisors LLC bought a new stake in Invesco Zacks Multi-Asset Income ETF in the 3rd quarter worth approximately $341,000.

Invesco Zacks Multi-Asset Income ETF Company Profile

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.