Short Interest in Invesco Rochester High Yield Municipal ETF (BATS:IROC) Expands By 103.7%
by Danessa Lincoln · The Markets DailyInvesco Rochester High Yield Municipal ETF (BATS:IROC – Get Free Report) was the recipient of a significant growth in short interest during the month of August. As of August 31st, there was short interest totaling 25,222 shares, a growth of 103.7% from the August 15th total of 12,380 shares. Based on an average trading volume of 12,301 shares, the short-interest ratio is currently 2.1 days. Approximately 4.2% of the company’s shares are short sold.
Invesco Rochester High Yield Municipal ETF Price Performance
IROC stock traded down $0.08 during midday trading on Tuesday, hitting $49.09. 8,677 shares of the company’s stock were exchanged, compared to its average volume of 10,036. Invesco Rochester High Yield Municipal ETF has a 1-year low of $49.00 and a 1-year high of $51.93. The business has a 50-day simple moving average of $50.43 and a two-hundred day simple moving average of $50.68.
Institutional Trading of Invesco Rochester High Yield Municipal ETF
Several institutional investors and hedge funds have recently bought and sold shares of the stock. Private Advisor Group LLC purchased a new stake in shares of Invesco Rochester High Yield Municipal ETF in the 1st quarter valued at approximately $260,000. Turner Financial Group Inc. acquired a new position in shares of Invesco Rochester High Yield Municipal ETF in the 2nd quarter worth approximately $230,000. Sanctuary Advisors LLC boosted its position in shares of Invesco Rochester High Yield Municipal ETF by 72.0% during the 1st quarter. Sanctuary Advisors LLC now owns 10,148 shares of the company’s stock worth $511,000 after purchasing an additional 4,248 shares during the period. Citadel Advisors LLC purchased a new position in shares of Invesco Rochester High Yield Municipal ETF during the 2nd quarter worth approximately $214,000. Finally, Cetera Investment Advisers increased its holdings in Invesco Rochester High Yield Municipal ETF by 20.3% in the 1st quarter. Cetera Investment Advisers now owns 18,778 shares of the company’s stock valued at $946,000 after purchasing an additional 3,170 shares during the last quarter.
Invesco Rochester High Yield Municipal ETF Company Profile
Invesco Actively Managed Exchange-Traded Fund Trust – Invesco Rochester High Yield Municipal ETF is an exchange traded fund launched and managed by Invesco Capital Management LLC. The fund is co-managed by Invesco Advisers, Inc It invests in fixed income markets of the United States. It invests directly and through derivatives in medium- and lower- grade municipal securities which are rated BBB or lower by S&P, Baa or lower by Moody’s, or an equivalent rating by another nationally recognized statistical rating organization.