Invesco Floating Rate Municipal Income ETF (NYSEARCA:PVI) Short Interest Up 283.7% in June

Invesco Floating Rate Municipal Income ETF (NYSEARCA:PVI) was the target of a large growth in short interest during the month of June. As of June 15th, there was short interest totaling 9,938 shares, a growth of 283.7% from the May 31st total of 2,590 shares. Based on an average trading volume of 20,042 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.8% of the company’s shares are short sold.

Invesco Floating Rate Municipal Income ETF Stock Up 0.0%

Shares of NYSEARCA PVI traded up $0.01 during trading on Friday, hitting $24.87. 3,057 shares of the company were exchanged, compared to its average volume of 7,538. The company has a fifty day moving average price of $24.82 and a 200-day moving average price of $24.82. Invesco Floating Rate Municipal Income ETF has a 12-month low of $24.62 and a 12-month high of $25.02.

Hedge Funds Weigh In On Invesco Floating Rate Municipal Income ETF

A number of institutional investors have recently bought and sold shares of the company. Raymond James Financial Inc. purchased a new stake in shares of Invesco Floating Rate Municipal Income ETF in the 2nd quarter valued at approximately $34,000. Wealthcare Capital Management LLC purchased a new stake in shares of Invesco Floating Rate Municipal Income ETF during the 4th quarter valued at approximately $283,000. Arkadios Wealth Advisors acquired a new position in Invesco Floating Rate Municipal Income ETF in the first quarter valued at approximately $426,000. Avior Wealth Management LLC grew its position in Invesco Floating Rate Municipal Income ETF by 4.6% in the fourth quarter. Avior Wealth Management LLC now owns 18,329 shares of the company’s stock worth $457,000 after acquiring an additional 798 shares during the period. Finally, Susquehanna International Group LLP purchased a new position in Invesco Floating Rate Municipal Income ETF in the third quarter worth approximately $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.