Invesco Zacks Multi-Asset Income ETF (NYSEARCA:CVY) Sees Large Drop in Short Interest

Invesco Zacks Multi-Asset Income ETF (NYSEARCA:CVY) was the target of a significant decrease in short interest during the month of May. As of May 29th, there was short interest totaling 5,173 shares, a decrease of 37.5% from the May 14th total of 8,278 shares. Based on an average daily volume of 3,410 shares, the short-interest ratio is currently 1.5 days. Currently, 0.1% of the shares of the stock are sold short.

Institutional Investors Weigh In On Invesco Zacks Multi-Asset Income ETF

Several hedge funds have recently made changes to their positions in CVY. Kestra Advisory Services LLC acquired a new position in Invesco Zacks Multi-Asset Income ETF during the fourth quarter valued at $53,000. LPL Financial LLC boosted its position in Invesco Zacks Multi-Asset Income ETF by 19.5% during the 4th quarter. LPL Financial LLC now owns 81,303 shares of the company’s stock worth $2,180,000 after acquiring an additional 13,243 shares during the period. Citadel Advisors LLC acquired a new stake in Invesco Zacks Multi-Asset Income ETF during the 3rd quarter worth about $341,000. Raymond James Financial Inc. grew its stake in Invesco Zacks Multi-Asset Income ETF by 2.4% during the 3rd quarter. Raymond James Financial Inc. now owns 33,174 shares of the company’s stock valued at $889,000 after acquiring an additional 765 shares in the last quarter. Finally, Osaic Holdings Inc. grew its stake in Invesco Zacks Multi-Asset Income ETF by 36.7% during the 2nd quarter. Osaic Holdings Inc. now owns 18,945 shares of the company’s stock valued at $488,000 after acquiring an additional 5,087 shares in the last quarter.

Invesco Zacks Multi-Asset Income ETF Price Performance

NYSEARCA CVY traded up $0.01 on Tuesday, hitting $29.33. 817 shares of the company were exchanged, compared to its average volume of 4,726. Invesco Zacks Multi-Asset Income ETF has a twelve month low of $24.24 and a twelve month high of $29.62. The firm has a market capitalization of $122.89 million, a P/E ratio of 10.24 and a beta of 0.79. The company’s 50 day moving average price is $28.50 and its 200-day moving average price is $27.89.

About Invesco Zacks Multi-Asset Income ETF

The Guggenheim Multi-Asset Income ETF (the Fund), formerly Claymore/Zacks Multi-Asset Income Index ETF, seeks investment results that correspond generally to the performance of an equity index called the Zacks Multi-Asset Income Index (the Index). The Index consists of approximately 125 to 150 securities selected, based on investment and other criteria, from a universe of domestic and international companies. The universe of securities within the Index includes United States-listed common stocks, American depositary receipts (ADRs) paying dividends, real estate investment trusts, master limited partnerships, closed-end funds and traditional preferred stocks.