Invesco Floating Rate Municipal Income ETF (NYSEARCA:PVI) Sees Significant Drop in Short Interest

Invesco Floating Rate Municipal Income ETF (NYSEARCA:PVI) was the recipient of a significant 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. Based on an average daily volume of 10,868 shares, the short-interest ratio is currently 1.4 days. Currently, 1.2% of the shares of the stock are short sold.

Hedge Funds Weigh In On Invesco Floating Rate Municipal Income ETF

A number of institutional investors have recently modified their holdings of the business. Farther Finance Advisors LLC acquired a new stake in Invesco Floating Rate Municipal Income ETF in the third quarter valued at about $25,000. Integrated Wealth Concepts LLC acquired a new position in Invesco Floating Rate Municipal Income ETF during the second quarter worth about $29,000. Arkadios Wealth Advisors acquired a new position in Invesco Floating Rate Municipal Income ETF during the first quarter worth about $426,000. Avior Wealth Management LLC lifted its holdings in shares of Invesco Floating Rate Municipal Income ETF by 15.7% in the second quarter. Avior Wealth Management LLC now owns 19,679 shares of the company’s stock worth $490,000 after acquiring an additional 2,675 shares during the last quarter. Finally, Cetera Investment Advisers lifted its holdings in shares of Invesco Floating Rate Municipal Income ETF by 1.7% in the first 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 Trading Down 0.1%

Shares of PVI stock traded down $0.03 during trading hours on Tuesday, reaching $24.87. The company’s stock had a trading volume of 26,408 shares, compared to its average volume of 7,515. The firm’s 50 day simple moving average is $24.86 and its 200-day simple moving average is $24.84. Invesco Floating Rate Municipal Income ETF has a fifty-two week low of $24.65 and a fifty-two week high of $25.09.

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.