Invesco Rochester High Yield Municipal ETF (BATS:IROC – Get Free Report) was the target of a large drop in short interest in October. As of October 15th, there was short interest totaling 33,643 shares, a drop of 34.2% from the September 30th total of 51,126 shares. Based on an average daily volume of 64,374 shares, the days-to-cover ratio is currently 0.5 days. Approximately 5.6% of the shares of the stock are sold short.
Invesco Rochester High Yield Municipal ETF Stock Performance
Shares of Invesco Rochester High Yield Municipal ETF stock opened at $49.14 on Wednesday. The stock’s 50 day simple moving average is $48.82 and its 200-day simple moving average is $50.32. Invesco Rochester High Yield Municipal ETF has a 1-year low of $47.35 and a 1-year high of $51.93.
Hedge Funds Weigh In On Invesco Rochester High Yield Municipal ETF
A number of institutional investors have recently added to or reduced their stakes in IROC. Commonwealth Equity Services LLC purchased a new stake in Invesco Rochester High Yield Municipal ETF in the 3rd quarter valued at $760,000. Ashton Thomas Securities LLC purchased a new position in shares of Invesco Rochester High Yield Municipal ETF during the 3rd quarter worth $3,718,000. ACT Advisors LLC. purchased a new position in shares of Invesco Rochester High Yield Municipal ETF during the 3rd quarter worth $343,000. ABLE Financial Group LLC boosted its position in shares of Invesco Rochester High Yield Municipal ETF by 22.5% during the 3rd quarter. ABLE Financial Group LLC now owns 82,773 shares of the company’s stock valued at $3,965,000 after acquiring an additional 15,191 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. acquired a new position in shares of Invesco Rochester High Yield Municipal ETF during the 2nd quarter valued at about $221,000.
Invesco Rochester High Yield Municipal ETF Company Profile
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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