Invesco Floating Rate Municipal Income ETF (NYSEARCA:PVI) Short Interest Update

Invesco Floating Rate Municipal Income ETF (NYSEARCA:PVI) saw a significant decline in short interest during the month of April. As of April 30th, there was short interest totaling 6,558 shares, a decline 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 presently 2.2 days. Approximately 0.5% of the shares of the stock are short sold.

Invesco Floating Rate Municipal Income ETF Stock Performance

Shares of NYSEARCA:PVI traded down $0.01 during trading on Friday, reaching $24.85. The stock had a trading volume of 852 shares, compared to its average volume of 6,291. Invesco Floating Rate Municipal Income ETF has a 52 week low of $24.62 and a 52 week high of $25.02. The business’s 50-day moving average price is $24.81 and its 200 day moving average price is $24.81.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Wealthcare Advisory Partners LLC raised its stake in shares of Invesco Floating Rate Municipal Income ETF by 44.2% in the fourth quarter. Wealthcare Advisory Partners LLC now owns 79,297 shares of the company’s stock valued at $1,976,000 after acquiring an additional 24,302 shares during the last quarter. Foundations Investment Advisors LLC raised its stake in shares of Invesco Floating Rate Municipal Income ETF by 17.0% in the third quarter. Foundations Investment Advisors LLC now owns 21,218 shares of the company’s stock valued at $527,000 after acquiring an additional 3,087 shares during the last quarter. Wealthcare Capital Management LLC bought a new position in shares of Invesco Floating Rate Municipal Income ETF in the fourth quarter valued at approximately $283,000. Janney Montgomery Scott LLC bought a new position in shares of Invesco Floating Rate Municipal Income ETF in the first quarter valued at approximately $991,000. Finally, Cetera Investment Advisers raised its stake in shares of Invesco Floating Rate Municipal Income ETF by 1.7% in the first quarter. Cetera Investment Advisers now owns 28,221 shares of the company’s stock valued at $702,000 after acquiring an additional 471 shares during the last quarter.

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.