Short Interest in Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) Increases By 90.1%

Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) was the target of a large growth in short interest in December. As of December 15th, there was short interest totalling 229,300 shares, a growth of 90.1% from the November 30th total of 120,600 shares. Based on an average daily volume of 234,200 shares, the short-interest ratio is currently 1.0 days.

Institutional Investors Weigh In On Invesco Variable Rate Investment Grade ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in VRIG. Asset Allocation Strategies LLC acquired a new position in Invesco Variable Rate Investment Grade ETF in the 3rd quarter worth $658,000. Resurgent Financial Advisors LLC lifted its holdings in shares of Invesco Variable Rate Investment Grade ETF by 2.6% in the third quarter. Resurgent Financial Advisors LLC now owns 21,192 shares of the company’s stock valued at $532,000 after purchasing an additional 534 shares in the last quarter. IHT Wealth Management LLC boosted its position in shares of Invesco Variable Rate Investment Grade ETF by 63.7% during the third quarter. IHT Wealth Management LLC now owns 76,117 shares of the company’s stock worth $1,910,000 after buying an additional 29,610 shares during the period. HighTower Advisors LLC grew its holdings in shares of Invesco Variable Rate Investment Grade ETF by 12.4% during the third quarter. HighTower Advisors LLC now owns 580,746 shares of the company’s stock worth $14,576,000 after buying an additional 63,859 shares in the last quarter. Finally, Benjamin Edwards Inc. acquired a new stake in Invesco Variable Rate Investment Grade ETF in the 3rd quarter valued at approximately $1,639,000.

Invesco Variable Rate Investment Grade ETF Trading Up 0.0 %

Shares of VRIG opened at $25.09 on Friday. The stock has a 50 day simple moving average of $25.12 and a 200 day simple moving average of $25.13. Invesco Variable Rate Investment Grade ETF has a 52-week low of $24.95 and a 52-week high of $25.24.

Invesco Variable Rate Investment Grade ETF Increases Dividend

The business also recently disclosed a dividend, which will be paid on Friday, December 27th. Stockholders of record on Monday, December 23rd will be given a dividend of $0.1325 per share. This is an increase from Invesco Variable Rate Investment Grade ETF’s previous dividend of $0.12. The ex-dividend date of this dividend is Monday, December 23rd.

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.