Invesco Floating Rate Municipal Income ETF (NYSEARCA:PVI) Sees Large Increase in Short Interest

Invesco Floating Rate Municipal Income ETF (NYSEARCA:PVI) saw a significant growth in short interest in the month of May. As of May 29th, there was short interest totaling 2,590 shares, a growth of 465.5% from the May 14th total of 458 shares. Based on an average trading volume of 7,937 shares, the short-interest ratio is presently 0.3 days. Approximately 0.2% of the shares of the company are sold short.

Institutional Trading of Invesco Floating Rate Municipal Income ETF

Several large investors have recently modified their holdings of the company. Wealthcare Advisory Partners LLC lifted its position in Invesco Floating Rate Municipal Income ETF by 44.2% during the fourth quarter. Wealthcare Advisory Partners LLC now owns 79,297 shares of the company’s stock valued at $1,976,000 after purchasing an additional 24,302 shares in the last quarter. Wealthcare Capital Management LLC purchased a new position in Invesco Floating Rate Municipal Income ETF during the fourth quarter valued at $283,000. Jane Street Group LLC lifted its position in Invesco Floating Rate Municipal Income ETF by 6.5% during the second quarter. Jane Street Group LLC now owns 48,473 shares of the company’s stock valued at $1,201,000 after purchasing an additional 2,949 shares in the last quarter. 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 in the last quarter. Finally, Susquehanna International Group LLP purchased a new position in Invesco Floating Rate Municipal Income ETF during the third quarter valued at $474,000.

Invesco Floating Rate Municipal Income ETF Stock Performance

Shares of PVI traded up $0.01 during trading hours on Wednesday, hitting $24.86. The stock had a trading volume of 5,243 shares, compared to its average volume of 7,748. Invesco Floating Rate Municipal Income ETF has a 12 month low of $24.62 and a 12 month high of $25.02. The stock has a fifty day moving average price of $24.81 and a 200 day moving average price of $24.81.

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.