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

Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) was the recipient of a large growth in short interest in March. As of March 15th, there was short interest totalling 386,700 shares, a growth of 81.5% from the February 28th total of 213,100 shares. Approximately 0.8% of the company’s stock are sold short. Based on an average trading volume of 440,900 shares, the short-interest ratio is presently 0.9 days.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. B. Riley Wealth Advisors Inc. purchased a new stake in Invesco Variable Rate Investment Grade ETF in the fourth quarter worth about $240,000. Richmond Investment Services LLC purchased a new stake in shares of Invesco Variable Rate Investment Grade ETF in the 4th quarter worth approximately $309,000. Mpwm Advisory Solutions LLC bought a new position in Invesco Variable Rate Investment Grade ETF during the 4th quarter valued at approximately $87,000. Redwood Financial Network Corp purchased a new position in Invesco Variable Rate Investment Grade ETF during the fourth quarter valued at $707,000. Finally, Guardian Wealth Advisors LLC NC boosted its holdings in Invesco Variable Rate Investment Grade ETF by 6.8% in the fourth quarter. Guardian Wealth Advisors LLC NC now owns 92,137 shares of the company’s stock worth $2,314,000 after acquiring an additional 5,879 shares in the last quarter.

Invesco Variable Rate Investment Grade ETF Stock Performance

VRIG opened at $25.07 on Friday. Invesco Variable Rate Investment Grade ETF has a 52 week low of $25.05 and a 52 week high of $25.24. The business has a 50 day moving average of $25.12 and a 200-day moving average of $25.12.

Invesco Variable Rate Investment Grade ETF Cuts Dividend

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

Invesco Variable Rate Investment Grade ETF Company Profile

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.