Invesco Floating Rate Municipal Income ETF (NYSEARCA:PVI – Get Free Report) saw a large decline in short interest in the month of August. As of August 14th, there was short interest totaling 7,252 shares, a decline of 45.0% from the July 30th total of 13,179 shares. Based on an average trading volume of 8,731 shares, the short-interest ratio is presently 0.8 days. Approximately 0.6% of the company’s stock are sold short.
Invesco Floating Rate Municipal Income ETF Stock Down 0.3%
NYSEARCA PVI traded down $0.08 on Tuesday, hitting $24.84. 458 shares of the company were exchanged, compared to its average volume of 7,611. The stock has a fifty day moving average of $24.84 and a 200-day moving average of $24.82. Invesco Floating Rate Municipal Income ETF has a 12 month low of $24.62 and a 12 month high of $25.00.
Institutional Inflows and Outflows
A number of large investors have recently made changes to their positions in PVI. Janney Montgomery Scott LLC bought a new position in Invesco Floating Rate Municipal Income ETF in the 1st quarter valued at about $991,000. Osaic Holdings Inc. grew its stake in Invesco Floating Rate Municipal Income ETF by 200.4% in the 4th quarter. Osaic Holdings Inc. now owns 22,482 shares of the company’s stock valued at $560,000 after purchasing an additional 14,998 shares during the period. Avior Wealth Management LLC grew its position in Invesco Floating Rate Municipal Income ETF by 15.7% during the second quarter. Avior Wealth Management LLC now owns 19,679 shares of the company’s stock valued at $490,000 after buying an additional 2,675 shares during the period. Raymond James Financial Inc. bought a new position in shares of Invesco Floating Rate Municipal Income ETF during the 2nd quarter valued at approximately $34,000. Finally, Foundations Investment Advisors LLC grew its holdings in Invesco Floating Rate Municipal Income ETF by 77.7% during the fourth quarter. Foundations Investment Advisors LLC now owns 37,710 shares of the company’s stock valued at $940,000 after purchasing an additional 16,492 shares during the period.
Invesco Floating Rate Municipal Income ETF Company Profile
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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