Invesco Zacks Multi-Asset Income ETF (NYSEARCA:CVY) Stock Short Interest Drops 61.3%

Invesco Zacks Multi-Asset Income ETF (NYSEARCA:CVY) saw a significant drop in short interest during the month of September. As of September 15th, there was short interest totaling 1,085 shares, a drop of 61.3% from the August 31st total of 2,805 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average trading volume of 6,762 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Investors Weigh In On Invesco Zacks Multi-Asset Income ETF

A number of hedge funds have recently made changes to their positions in the business. Harbour Investments Inc. boosted its holdings in shares of Invesco Zacks Multi-Asset Income ETF by 46.2% in the 4th quarter. Harbour Investments Inc. now owns 1,655 shares of the company’s stock worth $44,000 after buying an additional 523 shares during the last quarter. Fifth Third Bancorp purchased a new stake in Invesco Zacks Multi-Asset Income ETF during the first quarter worth about $145,000. Finally, Kestra Advisory Services LLC increased its holdings in Invesco Zacks Multi-Asset Income ETF by 4,304.6% during the first quarter. Kestra Advisory Services LLC now owns 87,827 shares of the company’s stock worth $2,378,000 after buying an additional 85,833 shares during the last quarter.

Invesco Zacks Multi-Asset Income ETF Stock Down 0.9%

Invesco Zacks Multi-Asset Income ETF stock traded down $0.27 during mid-day trading on Monday, reaching $28.55. 1,664 shares of the company’s stock were exchanged, compared to its average volume of 4,661. The business’s fifty day simple moving average is $30.19 and its 200 day simple moving average is $29.02. Invesco Zacks Multi-Asset Income ETF has a one year low of $25.81 and a one year high of $30.86. The firm has a market capitalization of $117.06 million, a PE ratio of 10.24 and a beta of 0.78.

About Invesco Zacks Multi-Asset Income ETF

The Guggenheim Multi-Asset Income ETF (the Fund), formerly Claymore/Zacks Multi-Asset Income Index ETF, seeks investment results that correspond generally to the performance of an equity index called the Zacks Multi-Asset Income Index (the Index). The Index consists of approximately 125 to 150 securities selected, based on investment and other criteria, from a universe of domestic and international companies. The universe of securities within the Index includes United States-listed common stocks, American depositary receipts (ADRs) paying dividends, real estate investment trusts, master limited partnerships, closed-end funds and traditional preferred stocks.