Invesco Floating Rate Municipal Income ETF (NYSEARCA:PVI – Get Free Report) saw a significant growth in short interest in the month of October. As of October 15th, there was short interest totaling 64,823 shares, a growth of 317.8% from the September 30th total of 15,514 shares. Based on an average daily trading volume, of 11,573 shares, the days-to-cover ratio is currently 5.6 days. Currently, 4.6% of the company’s shares are short sold.
Invesco Floating Rate Municipal Income ETF Price Performance
Shares of NYSEARCA:PVI opened at $24.84 on Friday. The stock has a 50 day moving average price of $24.87 and a 200-day moving average price of $24.83. Invesco Floating Rate Municipal Income ETF has a 52-week low of $24.65 and a 52-week high of $25.10.
Institutional Investors Weigh In On Invesco Floating Rate Municipal Income ETF
Several hedge funds have recently added to or reduced their stakes in PVI. Flagship Harbor Advisors LLC boosted its stake in Invesco Floating Rate Municipal Income ETF by 3.2% in the 3rd quarter. Flagship Harbor Advisors LLC now owns 40,747 shares of the company’s stock worth $1,017,000 after purchasing an additional 1,274 shares in the last quarter. Janney Montgomery Scott LLC bought a new position in shares of Invesco Floating Rate Municipal Income ETF during the 1st quarter valued at $991,000. Cetera Investment Advisers boosted its position in Invesco Floating Rate Municipal Income ETF by 1.7% in the first 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 last quarter. Avior Wealth Management LLC bought a new stake in Invesco Floating Rate Municipal Income ETF during the third quarter valued at approximately $551,000. Finally, Arkadios Wealth Advisors purchased a new stake in shares of Invesco Floating Rate Municipal Income ETF in the 1st quarter worth $426,000.
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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