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

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

Institutional Trading of Invesco Variable Rate Investment Grade ETF

A number of hedge funds and other institutional investors have recently modified their holdings of VRIG. LPL Financial LLC increased its position in shares of Invesco Variable Rate Investment Grade ETF by 28.7% during the 4th quarter. LPL Financial LLC now owns 3,288,316 shares of the company’s stock worth $82,586,000 after purchasing an additional 732,516 shares during the last quarter. Fiduciary Planning LLC increased its position in shares of 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 worth $26,356,000 after purchasing an additional 21,617 shares during the last quarter. Lunt Capital Management Inc. increased its position in shares of 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 during the last quarter. Cherry Creek Investment Advisors Inc. increased its position in shares of Invesco Variable Rate Investment Grade ETF by 11.1% during the 4th 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 increased its position in shares of Invesco Variable Rate Investment Grade ETF by 12.4% during the 3rd quarter. HighTower Advisors LLC now owns 580,746 shares of the company’s stock worth $14,576,000 after purchasing an additional 63,859 shares during the last quarter.

Invesco Variable Rate Investment Grade ETF Stock Performance

Shares of VRIG stock opened at $25.14 on Monday. The stock’s fifty day moving average is $25.13 and its two-hundred day moving average is $25.13. Invesco Variable Rate Investment Grade ETF has a fifty-two week low of $25.03 and a fifty-two week high of $25.24.

Invesco Variable Rate Investment Grade ETF Cuts Dividend

The business also recently announced a dividend, which was paid on Friday, February 28th. Shareholders of record on Monday, February 24th were paid a $0.1041 dividend. The ex-dividend date of this dividend was Monday, February 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.