Invesco Floating Rate Municipal Income ETF (NYSEARCA:PVI) Short Interest Down 42.4% in April

Invesco Floating Rate Municipal Income ETF (NYSEARCA:PVI) was the recipient of a significant decrease in short interest in the month of April. As of April 30th, there was short interest totaling 6,558 shares, a decrease of 42.4% from the April 15th total of 11,379 shares. Based on an average trading volume of 2,959 shares, the short-interest ratio is currently 2.2 days. Approximately 0.5% of the shares of the stock are sold short.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Cetera Investment Advisers grew its holdings in Invesco Floating Rate Municipal Income ETF by 1.7% during the first quarter. Cetera Investment Advisers now owns 28,221 shares of the company’s stock worth $702,000 after acquiring an additional 471 shares during the period. Avior Wealth Management LLC grew its holdings in Invesco Floating Rate Municipal Income ETF by 4.6% during the fourth quarter. Avior Wealth Management LLC now owns 18,329 shares of the company’s stock worth $457,000 after acquiring an additional 798 shares during the period. Raymond James Financial Inc. acquired a new position in Invesco Floating Rate Municipal Income ETF during the second quarter worth $34,000. Jane Street Group LLC grew its holdings in Invesco Floating Rate Municipal Income ETF by 6.1% during the first quarter. Jane Street Group LLC now owns 45,524 shares of the company’s stock worth $1,130,000 after acquiring an additional 2,628 shares during the period. Finally, Foundations Investment Advisors LLC grew its holdings in Invesco Floating Rate Municipal Income ETF by 17.0% during the third quarter. Foundations Investment Advisors LLC now owns 21,218 shares of the company’s stock worth $527,000 after acquiring an additional 3,087 shares during the period.

Invesco Floating Rate Municipal Income ETF Stock Down 0.4%

Shares of PVI stock opened at $24.74 on Tuesday. The business’s fifty day moving average price is $24.81 and its 200 day moving average price is $24.81. Invesco Floating Rate Municipal Income ETF has a 1-year low of $24.62 and a 1-year high of $25.02.

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.