Invesco Rochester High Yield Municipal ETF (BATS:IROC – Get Free Report) was the recipient of a significant growth in short interest during the month of September. As of September 30th, there was short interest totaling 51,126 shares, a growth of 97.5% from the September 15th total of 25,888 shares. Based on an average daily trading volume, of 42,444 shares, the days-to-cover ratio is presently 1.2 days. Currently, 8.5% of the company’s shares are sold short.
Invesco Rochester High Yield Municipal ETF Stock Up 0.7%
Shares of BATS:IROC opened at $48.10 on Wednesday. The stock’s 50-day moving average price is $49.37 and its 200-day moving average price is $50.30. Invesco Rochester High Yield Municipal ETF has a 12-month low of $47.35 and a 12-month high of $51.93.
Institutional Investors Weigh In On Invesco Rochester High Yield Municipal ETF
Several institutional investors have recently bought and sold shares of IROC. Citadel Advisors LLC purchased a new position in Invesco Rochester High Yield Municipal ETF in the 2nd quarter worth approximately $214,000. Envestnet Portfolio Solutions Inc. purchased a new stake in shares of Invesco Rochester High Yield Municipal ETF during the second quarter valued at approximately $221,000. Turner Financial Group Inc. purchased a new stake in shares of Invesco Rochester High Yield Municipal ETF during the second quarter valued at approximately $230,000. Private Advisor Group LLC purchased a new stake in shares of Invesco Rochester High Yield Municipal ETF during the first quarter valued at approximately $260,000. Finally, CoreCap Advisors LLC boosted its stake in shares of Invesco Rochester High Yield Municipal ETF by 7.4% during the second quarter. CoreCap Advisors LLC now owns 5,746 shares of the company’s stock valued at $295,000 after purchasing an additional 397 shares during the period.
About Invesco Rochester High Yield Municipal ETF
Invesco Actively Managed Exchange-Traded Fund Trust – Invesco Rochester High Yield Municipal ETF is an exchange traded fund launched and managed by Invesco Capital Management LLC. The fund is co-managed by Invesco Advisers, Inc It invests in fixed income markets of the United States. It invests directly and through derivatives in medium- and lower- grade municipal securities which are rated BBB or lower by S&P, Baa or lower by Moody’s, or an equivalent rating by another nationally recognized statistical rating organization.
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