Invesco Floating Rate Municipal Income ETF (NYSEARCA:PVI) Short Interest Up 3,986.1% in December

Invesco Floating Rate Municipal Income ETF (NYSEARCA:PVI) was the recipient of a significant increase in short interest in December. As of December 31st, there was short interest totaling 7,641 shares, an increase of 3,986.1% from the December 15th total of 187 shares. Currently, 0.6% of the shares of the stock are sold short. Based on an average daily trading volume, of 7,326 shares, the short-interest ratio is currently 1.0 days. Based on an average daily trading volume, of 7,326 shares, the short-interest ratio is currently 1.0 days. Currently, 0.6% of the shares of the stock are sold short.

Invesco Floating Rate Municipal Income ETF Price Performance

Shares of NYSEARCA PVI opened at $24.88 on Wednesday. Invesco Floating Rate Municipal Income ETF has a 12-month low of $24.56 and a 12-month high of $25.37. The company has a 50-day moving average of $24.84 and a 200 day moving average of $24.85.

Institutional Investors Weigh In On Invesco Floating Rate Municipal Income ETF

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Raymond James Financial Inc. acquired a new position in Invesco Floating Rate Municipal Income ETF during the second quarter worth $34,000. Foundations Investment Advisors LLC raised its holdings in shares of Invesco Floating Rate Municipal Income ETF by 46.0% during the 2nd quarter. Foundations Investment Advisors LLC now owns 18,131 shares of the company’s stock worth $449,000 after acquiring an additional 5,714 shares during the period. Avior Wealth Management LLC raised its holdings in shares of Invesco Floating Rate Municipal Income ETF by 4.6% during the 4th quarter. Avior Wealth Management LLC now owns 18,329 shares of the company’s stock worth $457,000 after acquiring an additional 798 shares during the period. Susquehanna International Group LLP acquired a new position in shares of Invesco Floating Rate Municipal Income ETF during the 3rd quarter valued at about $474,000. Finally, Jane Street Group LLC grew its holdings in shares of Invesco Floating Rate Municipal Income ETF by 6.1% in the first quarter. Jane Street Group LLC now owns 45,524 shares of the company’s stock valued at $1,130,000 after purchasing an additional 2,628 shares during the period.

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.