Invesco Zacks Multi-Asset Income ETF (NYSEARCA:CVY) Short Interest Up 1,329.6% in January

Invesco Zacks Multi-Asset Income ETF (NYSEARCA:CVY) was the target of a significant increase in short interest during the month of January. As of January 15th, there was short interest totaling 4,546 shares, an increase of 1,329.6% from the December 31st total of 318 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average trading volume of 4,412 shares, the short-interest ratio is presently 1.0 days. Based on an average trading volume of 4,412 shares, the short-interest ratio is presently 1.0 days. Approximately 0.1% of the shares of the company are sold short.

Invesco Zacks Multi-Asset Income ETF Price Performance

CVY stock opened at $27.88 on Wednesday. The company has a market cap of $117.65 million, a price-to-earnings ratio of 10.24 and a beta of 0.89. The company has a fifty day moving average price of $27.17 and a 200 day moving average price of $26.77. Invesco Zacks Multi-Asset Income ETF has a 12 month low of $21.79 and a 12 month high of $28.25.

Hedge Funds Weigh In On Invesco Zacks Multi-Asset Income ETF

Several institutional investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. acquired a new position in Invesco Zacks Multi-Asset Income ETF during the 3rd quarter worth approximately $29,000. Citadel Advisors LLC purchased a new stake in shares of Invesco Zacks Multi-Asset Income ETF in the third quarter valued at about $341,000. Raymond James Financial Inc. lifted 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 valued at $889,000 after buying an additional 765 shares in the last quarter. HBK Sorce Advisory LLC lifted its position in shares of Invesco Zacks Multi-Asset Income ETF by 5.3% in the third quarter. HBK Sorce Advisory LLC now owns 108,198 shares of the company’s stock valued at $2,886,000 after acquiring an additional 5,489 shares in the last quarter. Finally, Osaic Holdings Inc. boosted its stake in shares of 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 worth $488,000 after purchasing an additional 5,087 shares during the last quarter.

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.