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

Invesco Zacks Multi-Asset Income ETF (NYSEARCA:CVY) was the recipient 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 trading volume of 3,410 shares, the short-interest ratio is currently 1.5 days. Approximately 0.1% of the company’s shares are short sold.

Invesco Zacks Multi-Asset Income ETF Stock Performance

CVY opened at $29.37 on Monday. Invesco Zacks Multi-Asset Income ETF has a one year low of $24.24 and a one year high of $29.41. The stock has a market capitalization of $123.06 million, a PE ratio of 10.24 and a beta of 0.79. The business’s 50 day moving average price is $28.46 and its 200 day moving average price is $27.87.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. acquired a new position in Invesco Zacks Multi-Asset Income ETF during the third quarter worth $29,000. Harbour Investments Inc. lifted its stake in Invesco Zacks Multi-Asset Income ETF by 46.2% during the fourth quarter. Harbour Investments Inc. now owns 1,655 shares of the company’s stock worth $44,000 after purchasing an additional 523 shares in the last quarter. Jones Financial Companies Lllp lifted its stake in Invesco Zacks Multi-Asset Income ETF by 349.9% during the first quarter. Jones Financial Companies Lllp now owns 1,966 shares of the company’s stock worth $50,000 after purchasing an additional 1,529 shares in the last quarter. Kestra Advisory Services LLC acquired a new position in Invesco Zacks Multi-Asset Income ETF during the fourth quarter worth $53,000. Finally, Fifth Third Bancorp acquired a new position in Invesco Zacks Multi-Asset Income ETF during the first quarter worth $145,000.

Invesco Zacks Multi-Asset Income ETF Company Profile

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.