Invesco Floating Rate Municipal Income ETF (NYSEARCA:PVI) Stock Short Interest Falls 53.9%

Invesco Floating Rate Municipal Income ETF (NYSEARCA:PVI) saw a significant drop in short interest during the month of September. As of September 30th, there was short interest totaling 15,514 shares, a drop of 53.9% from the September 15th total of 33,669 shares. Approximately 1.2% of the company’s shares are sold short. Based on an average daily trading volume, of 10,868 shares, the days-to-cover ratio is currently 1.4 days.

Institutional Investors Weigh In On Invesco Floating Rate Municipal Income ETF

A number of institutional investors and hedge funds have recently modified their holdings of PVI. Janney Montgomery Scott LLC bought a new position in Invesco Floating Rate Municipal Income ETF during the 1st quarter worth about $991,000. Avior Wealth Management LLC bought a new stake in shares of Invesco Floating Rate Municipal Income ETF in the 3rd quarter valued at about $551,000. Arkadios Wealth Advisors bought a new stake in shares of Invesco Floating Rate Municipal Income ETF in the 1st quarter valued at about $426,000. Integrated Wealth Concepts LLC bought a new stake in shares of Invesco Floating Rate Municipal Income ETF in the 2nd quarter valued at about $29,000. Finally, Farther Finance Advisors LLC bought a new stake in shares of Invesco Floating Rate Municipal Income ETF in the 3rd quarter valued at about $25,000.

Invesco Floating Rate Municipal Income ETF Stock Up 0.1%

NYSEARCA PVI traded up $0.03 during trading on Wednesday, hitting $24.90. The stock had a trading volume of 50,597 shares, compared to its average volume of 7,755. Invesco Floating Rate Municipal Income ETF has a one year low of $24.65 and a one year high of $25.09. The stock has a 50 day simple moving average of $24.86 and a 200 day simple moving average of $24.84.

Invesco Floating Rate Municipal Income ETF Company Profile

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.