Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) Short Interest Update

Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) was the recipient of a significant increase in short interest in the month of October. As of October 31st, there was short interest totalling 365,200 shares, an increase of 237.8% from the October 15th total of 108,100 shares. Based on an average trading volume of 258,400 shares, the short-interest ratio is presently 1.4 days.

Hedge Funds Weigh In On Invesco Variable Rate Investment Grade ETF

Large investors have recently bought and sold shares of the business. Advisors Asset Management Inc. raised its stake in shares of Invesco Variable Rate Investment Grade ETF by 57.2% during the 3rd quarter. Advisors Asset Management Inc. now owns 19,099 shares of the company’s stock worth $479,000 after buying an additional 6,948 shares during the period. Kovack Advisors Inc. raised its position in Invesco Variable Rate Investment Grade ETF by 1.3% during the third quarter. Kovack Advisors Inc. now owns 155,960 shares of the company’s stock worth $3,912,000 after acquiring an additional 2,000 shares during the period. Oppenheimer & Co. Inc. lifted its holdings in Invesco Variable Rate Investment Grade ETF by 15.4% during the third quarter. Oppenheimer & Co. Inc. now owns 30,000 shares of the company’s stock valued at $753,000 after purchasing an additional 4,000 shares in the last quarter. Trademark Financial Management LLC grew its position in shares of Invesco Variable Rate Investment Grade ETF by 3.8% in the third quarter. Trademark Financial Management LLC now owns 21,745 shares of the company’s stock valued at $545,000 after purchasing an additional 786 shares during the period. Finally, Farther Finance Advisors LLC purchased a new stake in shares of Invesco Variable Rate Investment Grade ETF during the third quarter worth about $375,000.

Invesco Variable Rate Investment Grade ETF Trading Up 0.1 %

NASDAQ:VRIG traded up $0.02 during trading hours on Tuesday, reaching $25.16. The company had a trading volume of 19,467 shares, compared to its average volume of 292,903. Invesco Variable Rate Investment Grade ETF has a 1-year low of $24.85 and a 1-year high of $25.24. The business’s 50 day moving average price is $25.12 and its 200-day moving average price is $25.13.

Invesco Variable Rate Investment Grade ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Friday, October 25th. Stockholders of record on Monday, October 21st were paid a dividend of $0.12 per share. This represents a $1.44 annualized dividend and a dividend yield of 5.72%. The ex-dividend date of this dividend was Monday, October 21st.

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.