Short Interest in Invesco Zacks Multi-Asset Income ETF (NYSEARCA:CVY) Increases By 469.3%

Invesco Zacks Multi-Asset Income ETF (NYSEARCA:CVY) was the target of a large increase in short interest during the month of May. As of May 15th, there was short interest totaling 8,278 shares, an increase of 469.3% from the April 30th total of 1,454 shares. Based on an average trading volume of 2,656 shares, the days-to-cover ratio is presently 3.1 days. Currently, 0.2% of the company’s shares are sold short.

Invesco Zacks Multi-Asset Income ETF Stock Performance

CVY traded up $0.09 on Friday, hitting $28.85. 2,743 shares of the company were exchanged, compared to its average volume of 4,904. The firm has a fifty day simple moving average of $28.05 and a two-hundred day simple moving average of $27.68. Invesco Zacks Multi-Asset Income ETF has a 12 month low of $24.24 and a 12 month high of $29.04. The stock has a market capitalization of $120.88 million, a PE ratio of 10.24 and a beta of 0.80.

Hedge Funds Weigh In On Invesco Zacks Multi-Asset Income ETF

Several institutional investors and hedge funds have recently bought and sold shares of CVY. JPMorgan Chase & Co. bought a new position in Invesco Zacks Multi-Asset Income ETF during the 3rd quarter worth approximately $29,000. Harbour Investments Inc. lifted its holdings in Invesco Zacks Multi-Asset Income ETF by 46.2% in the 4th quarter. Harbour Investments Inc. now owns 1,655 shares of the company’s stock worth $44,000 after buying an additional 523 shares during the period. Jones Financial Companies Lllp lifted its holdings in Invesco Zacks Multi-Asset Income ETF by 349.9% in the 1st quarter. Jones Financial Companies Lllp now owns 1,966 shares of the company’s stock worth $50,000 after buying an additional 1,529 shares during the period. Kestra Advisory Services LLC purchased a new stake in Invesco Zacks Multi-Asset Income ETF in the 4th quarter worth approximately $53,000. Finally, Fifth Third Bancorp purchased a new stake in Invesco Zacks Multi-Asset Income ETF in the 1st quarter worth approximately $145,000.

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.