Short Interest in Invesco Floating Rate Municipal Income ETF (NYSEARCA:PVI) Decreases By 93.0%

Invesco Floating Rate Municipal Income ETF (NYSEARCA:PVI) was the recipient of a large drop in short interest during the month of May. As of May 15th, there was short interest totaling 458 shares, a drop of 93.0% from the April 30th total of 6,558 shares. Based on an average trading volume of 5,748 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the company’s shares are short sold.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Cetera Investment Advisers increased its holdings in 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 purchasing an additional 471 shares during the period. Avior Wealth Management LLC increased its holdings 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 worth $457,000 after purchasing an additional 798 shares during the period. Raymond James Financial Inc. purchased a new position in Invesco Floating Rate Municipal Income ETF during the 2nd quarter worth $34,000. Jane Street Group LLC increased its holdings in Invesco Floating Rate Municipal Income ETF by 6.1% during the 1st quarter. Jane Street Group LLC now owns 45,524 shares of the company’s stock worth $1,130,000 after purchasing an additional 2,628 shares during the period. Finally, Foundations Investment Advisors LLC increased its holdings in Invesco Floating Rate Municipal Income ETF by 17.0% during the 3rd quarter. Foundations Investment Advisors LLC now owns 21,218 shares of the company’s stock worth $527,000 after purchasing an additional 3,087 shares during the period.

Invesco Floating Rate Municipal Income ETF Price Performance

Shares of PVI stock traded up $0.01 on Wednesday, reaching $24.86. 1,790 shares of the company’s stock were exchanged, compared to its average volume of 6,394. Invesco Floating Rate Municipal Income ETF has a 52 week low of $24.62 and a 52 week high of $25.02. The company’s fifty day simple moving average is $24.81 and its 200 day simple moving average is $24.81.

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.