Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) Short Interest Down 65.9% in March

Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) was the target of a large decline in short interest during the month of March. As of March 31st, there was short interest totalling 131,800 shares, a decline of 65.9% from the March 15th total of 386,700 shares. Based on an average trading volume of 612,100 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.2% of the shares of the company are short sold.

Invesco Variable Rate Investment Grade ETF Stock Down 0.0 %

Shares of Invesco Variable Rate Investment Grade ETF stock opened at $25.00 on Thursday. The business has a fifty day simple moving average of $25.09 and a two-hundred day simple moving average of $25.11. Invesco Variable Rate Investment Grade ETF has a 1 year low of $24.79 and a 1 year high of $25.24.

Invesco Variable Rate Investment Grade ETF Cuts Dividend

The business also recently announced a dividend, which was paid on Friday, March 28th. Stockholders of record on Monday, March 24th were paid a dividend of $0.0986 per share. The ex-dividend date of this dividend was Monday, March 24th.

Institutional Trading of Invesco Variable Rate Investment Grade ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. Goldstone Financial Group LLC raised its holdings in Invesco Variable Rate Investment Grade ETF by 1.2% in the 1st quarter. Goldstone Financial Group LLC now owns 443,928 shares of the company’s stock valued at $11,134,000 after acquiring an additional 5,083 shares during the period. Hickory Asset Management Inc. increased its stake in shares of Invesco Variable Rate Investment Grade ETF by 2.7% during the first quarter. Hickory Asset Management Inc. now owns 43,118 shares of the company’s stock worth $1,081,000 after purchasing an additional 1,118 shares during the period. Parsons Capital Management Inc. RI increased its stake in shares of Invesco Variable Rate Investment Grade ETF by 841.1% during the first quarter. Parsons Capital Management Inc. RI now owns 281,249 shares of the company’s stock worth $7,054,000 after purchasing an additional 251,363 shares during the period. Simplicity Wealth LLC acquired a new stake in Invesco Variable Rate Investment Grade ETF during the 1st quarter worth approximately $1,103,000. Finally, KMG Fiduciary Partners LLC boosted its stake in Invesco Variable Rate Investment Grade ETF by 25.3% in the 1st quarter. KMG Fiduciary Partners LLC now owns 161,729 shares of the company’s stock valued at $4,056,000 after purchasing an additional 32,606 shares during the period.

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.