Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) Sees Large Decline in Short Interest

Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) saw a large decrease in short interest during the month of January. As of January 31st, there was short interest totalling 254,200 shares, a decrease of 29.5% from the January 15th total of 360,800 shares. Based on an average daily volume of 350,500 shares, the days-to-cover ratio is currently 0.7 days.

Invesco Variable Rate Investment Grade ETF Stock Performance

Shares of VRIG opened at $25.17 on Friday. The company’s fifty day moving average is $25.13 and its 200-day moving average is $25.12. Invesco Variable Rate Investment Grade ETF has a 12 month low of $25.03 and a 12 month high of $25.24.

Invesco Variable Rate Investment Grade ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Friday, January 24th. Investors of record on Tuesday, January 21st were issued a $0.1141 dividend. The ex-dividend date was Tuesday, January 21st.

Institutional Investors Weigh In On Invesco Variable Rate Investment Grade ETF

Several large investors have recently added to or reduced their stakes in VRIG. NBC Securities Inc. increased its holdings in Invesco Variable Rate Investment Grade ETF by 34.7% in the 3rd quarter. NBC Securities Inc. now owns 5,181 shares of the company’s stock worth $129,000 after acquiring an additional 1,335 shares during the last quarter. Inspire Advisors LLC grew its holdings in Invesco Variable Rate Investment Grade ETF by 44.3% during the 3rd quarter. Inspire Advisors LLC now owns 16,494 shares of the company’s stock valued at $414,000 after buying an additional 5,063 shares in the last quarter. Raymond James & Associates grew its holdings in Invesco Variable Rate Investment Grade ETF by 90.2% during the 3rd quarter. Raymond James & Associates now owns 160,470 shares of the company’s stock valued at $4,025,000 after buying an additional 76,086 shares in the last quarter. Calton & Associates Inc. grew its holdings in Invesco Variable Rate Investment Grade ETF by 289.0% during the 3rd quarter. Calton & Associates Inc. now owns 46,350 shares of the company’s stock valued at $1,163,000 after buying an additional 34,436 shares in the last quarter. Finally, Cherry Creek Investment Advisors Inc. grew its holdings in Invesco Variable Rate Investment Grade ETF by 1.9% during the 3rd quarter. Cherry Creek Investment Advisors Inc. now owns 562,614 shares of the company’s stock valued at $14,113,000 after buying an additional 10,442 shares in the last quarter.

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.