Invesco Floating Rate Municipal Income ETF (NYSEARCA:PVI) Sees Significant Decrease in Short Interest

Invesco Floating Rate Municipal Income ETF (NYSEARCA:PVI) saw a significant decline in short interest in 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. Currently, 0.6% of the shares of the stock are short sold. Based on an average daily trading volume, of 8,731 shares, the short-interest ratio is currently 0.8 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Raymond James Financial Inc. purchased a new position in shares of Invesco Floating Rate Municipal Income ETF in the second quarter valued at $34,000. Arkadios Wealth Advisors purchased a new stake in Invesco Floating Rate Municipal Income ETF during the first quarter valued at $426,000. Susquehanna International Group LLP bought a new position in Invesco Floating Rate Municipal Income ETF during the third quarter valued at $474,000. Avior Wealth Management LLC lifted 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 purchasing an additional 2,675 shares during the last quarter. Finally, Osaic Holdings Inc. lifted its position in Invesco Floating Rate Municipal Income ETF by 200.4% during the fourth 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 last quarter.

Invesco Floating Rate Municipal Income ETF Price Performance

Invesco Floating Rate Municipal Income ETF stock traded down $0.02 during midday trading on Friday, reaching $24.85. 9,091 shares of the stock traded hands, compared to its average volume of 7,479. The stock’s fifty day moving average is $24.84 and its 200-day moving average is $24.82. Invesco Floating Rate Municipal Income ETF has a 12 month low of $24.62 and a 12 month high of $25.00.

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.