Short Interest in Invesco Floating Rate Municipal Income ETF (NYSEARCA:PVI) Increases By 465.5%

Invesco Floating Rate Municipal Income ETF (NYSEARCA:PVI) was the recipient of a significant growth in short interest during the month of May. As of May 29th, there was short interest totaling 2,590 shares, a growth of 465.5% from the May 14th total of 458 shares. Based on an average daily volume of 7,937 shares, the short-interest ratio is presently 0.3 days. Approximately 0.2% of the company’s shares are short sold.

Invesco Floating Rate Municipal Income ETF Stock Up 0.1%

Shares of PVI stock traded up $0.02 during mid-day trading on Friday, reaching $24.90. 7,343 shares of the company were exchanged, compared to its average volume of 7,815. Invesco Floating Rate Municipal Income ETF has a fifty-two week low of $24.62 and a fifty-two week high of $25.02. The business’s 50 day simple moving average is $24.81 and its 200 day simple moving average is $24.81.

Institutional Investors Weigh In On Invesco Floating Rate Municipal Income ETF

A number of hedge funds have recently added to or reduced their stakes in the stock. Raymond James Financial Inc. bought a new position in Invesco Floating Rate Municipal Income ETF during the 2nd quarter valued at $34,000. Wealthcare Capital Management LLC bought a new position in Invesco Floating Rate Municipal Income ETF during the 4th quarter valued at $283,000. Arkadios Wealth Advisors bought a new position in Invesco Floating Rate Municipal Income ETF during the 1st quarter valued at $426,000. Avior Wealth Management LLC boosted its stake in Invesco Floating Rate Municipal Income ETF by 4.6% during the 4th quarter. Avior Wealth Management LLC now owns 18,329 shares of the company’s stock valued at $457,000 after purchasing an additional 798 shares in the last quarter. Finally, Susquehanna International Group LLP bought a new position in Invesco Floating Rate Municipal Income ETF during the 3rd quarter valued at $474,000.

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.