Invesco Floating Rate Municipal Income ETF (NYSEARCA:PVI) Shares Shorted: Short Interest Down 53.9% in September

Invesco Floating Rate Municipal Income ETF (NYSEARCA:PVI) was the target of a large decrease in short interest during the month of September. As of September 30th, there was short interest totaling 15,514 shares, a decrease of 53.9% from the September 15th total of 33,669 shares. Currently, 1.2% of the shares of the stock are sold short. Based on an average trading volume of 10,868 shares, the short-interest ratio is currently 1.4 days.

Invesco Floating Rate Municipal Income ETF Trading Up 0.1%

PVI stock traded up $0.02 during midday trading on Thursday, reaching $24.92. 15,598 shares of the company’s stock traded hands, compared to its average volume of 7,794. The company has a 50-day simple moving average of $24.86 and a two-hundred day simple moving average of $24.84. Invesco Floating Rate Municipal Income ETF has a 1-year low of $24.65 and a 1-year high of $25.09.

Institutional Trading of Invesco Floating Rate Municipal Income ETF

Large investors have recently made changes to their positions in the business. Farther Finance Advisors LLC bought a new position in shares of Invesco Floating Rate Municipal Income ETF in the third quarter worth about $25,000. Integrated Wealth Concepts LLC acquired a new position in shares of Invesco Floating Rate Municipal Income ETF during the second quarter worth approximately $29,000. Arkadios Wealth Advisors acquired a new position in shares of Invesco Floating Rate Municipal Income ETF during the first quarter worth approximately $426,000. Avior Wealth Management LLC grew its stake in shares of Invesco Floating Rate Municipal Income ETF by 15.7% during the second 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, Cetera Investment Advisers grew its stake in shares of Invesco Floating Rate Municipal Income ETF by 1.7% during the first quarter. Cetera Investment Advisers now owns 28,221 shares of the company’s stock valued at $702,000 after purchasing 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.