Invesco Floating Rate Municipal Income ETF (NYSEARCA:PVI – Get Free Report) was the recipient of a significant drop in short interest in the month of October. As of October 30th, there was short interest totaling 16,340 shares, a drop of 74.8% from the October 15th total of 64,823 shares. Based on an average daily trading volume, of 13,517 shares, the short-interest ratio is presently 1.2 days. Approximately 1.1% of the company’s shares are short sold.
Invesco Floating Rate Municipal Income ETF Stock Performance
NYSEARCA PVI opened at $24.88 on Thursday. Invesco Floating Rate Municipal Income ETF has a one year low of $24.65 and a one year high of $25.10. The company’s 50 day moving average price is $24.86 and its 200 day moving average price is $24.83.
Institutional Investors Weigh In On Invesco Floating Rate Municipal Income ETF
Several large investors have recently made changes to their positions in PVI. Avior Wealth Management LLC purchased a new position in shares of Invesco Floating Rate Municipal Income ETF in the 3rd quarter valued at $551,000. Arkadios Wealth Advisors acquired a new position in shares of Invesco Floating Rate Municipal Income ETF during the 1st quarter valued at $426,000. Private Advisor Group LLC acquired a new position in shares of Invesco Floating Rate Municipal Income ETF during the 3rd quarter valued at $357,000. Smith Partners Wealth Management LLC acquired a new position in shares of Invesco Floating Rate Municipal Income ETF during the 3rd quarter valued at $269,000. Finally, Signature Equity Partners LLC acquired a new position in shares of Invesco Floating Rate Municipal Income ETF during the 3rd quarter valued at $104,000.
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.
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