Invesco Floating Rate Municipal Income ETF (NYSEARCA:PVI – Get Free Report) was the recipient of a large increase in short interest during the month of September. As of September 15th, there was short interest totaling 33,669 shares, an increase of 231.6% from the August 31st total of 10,152 shares. Currently, 2.7% of the shares of the stock are sold short. Based on an average trading volume of 2,703 shares, the days-to-cover ratio is currently 12.5 days.
Hedge Funds Weigh In On Invesco Floating Rate Municipal Income ETF
A number of hedge funds and other institutional investors have recently bought and sold shares of PVI. Janney Montgomery Scott LLC bought a new position in shares of Invesco Floating Rate Municipal Income ETF in the 1st quarter worth $991,000. Foundations Investment Advisors LLC lifted its holdings in shares of Invesco Floating Rate Municipal Income ETF by 77.7% during the 4th quarter. Foundations Investment Advisors LLC now owns 37,710 shares of the company’s stock worth $940,000 after acquiring an additional 16,492 shares during the last quarter. Integrated Wealth Concepts LLC bought a new stake in shares of Invesco Floating Rate Municipal Income ETF during the 2nd quarter worth $29,000. Cetera Investment Advisers lifted its holdings in shares of Invesco Floating Rate Municipal Income ETF by 1.7% during the 1st 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. Finally, Avior Wealth Management LLC grew its position in 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 in the last quarter.
Invesco Floating Rate Municipal Income ETF Stock Up 0.2%
Shares of NYSEARCA PVI traded up $0.06 during midday trading on Friday, hitting $24.89. 8,246 shares of the company’s stock were exchanged, compared to its average volume of 7,218. The business’s fifty day moving average price is $24.84 and its two-hundred day moving average price is $24.83. Invesco Floating Rate Municipal Income ETF has a 12-month low of $24.65 and a 12-month high of $24.98.
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.
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