Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) Sees Significant Drop in Short Interest

Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) was the target of a significant decrease in short interest in February. As of February 28th, there was short interest totalling 213,100 shares, a decrease of 40.1% from the February 13th total of 355,800 shares. Currently, 0.4% of the company’s stock are short sold. Based on an average trading volume of 364,400 shares, the days-to-cover ratio is currently 0.6 days.

Invesco Variable Rate Investment Grade ETF Trading Up 0.0 %

Shares of NASDAQ VRIG opened at $25.14 on Friday. The firm’s 50-day moving average price is $25.13 and its 200-day moving average price is $25.13. Invesco Variable Rate Investment Grade ETF has a 1-year low of $25.03 and a 1-year high of $25.24.

Invesco Variable Rate Investment Grade ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Friday, February 28th. Stockholders of record on Monday, February 24th were issued a dividend of $0.1041 per share. The ex-dividend date of this dividend was Monday, February 24th.

Institutional Trading of Invesco Variable Rate Investment Grade ETF

Several hedge funds have recently bought and sold shares of the business. LPL Financial LLC lifted its stake in shares of Invesco Variable Rate Investment Grade ETF by 28.7% in the fourth quarter. LPL Financial LLC now owns 3,288,316 shares of the company’s stock valued at $82,586,000 after buying an additional 732,516 shares in the last quarter. Fiduciary Planning LLC boosted its stake in Invesco Variable Rate Investment Grade ETF by 2.1% during the 4th quarter. Fiduciary Planning LLC now owns 1,049,404 shares of the company’s stock valued at $26,356,000 after purchasing an additional 21,617 shares during the last quarter. Lunt Capital Management Inc. increased its holdings in Invesco Variable Rate Investment Grade ETF by 93.9% during the 4th quarter. Lunt Capital Management Inc. now owns 847,989 shares of the company’s stock worth $21,297,000 after purchasing an additional 410,593 shares in the last quarter. Cherry Creek Investment Advisors Inc. raised its stake in shares of Invesco Variable Rate Investment Grade ETF by 11.1% in the fourth quarter. Cherry Creek Investment Advisors Inc. now owns 625,042 shares of the company’s stock worth $15,698,000 after purchasing an additional 62,428 shares during the last quarter. Finally, HighTower Advisors LLC lifted its holdings in shares of Invesco Variable Rate Investment Grade ETF by 12.4% in the third quarter. HighTower Advisors LLC now owns 580,746 shares of the company’s stock valued at $14,576,000 after purchasing an additional 63,859 shares in the last quarter.

About Invesco Variable Rate Investment Grade ETF

The Invesco Variable Rate Investment Grade ETF (VRIG) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively-managed fund that primarily invests in USD-denominated investment-grade floating-rate securities, but can hold up to 20% in non-investment-grade securities.