Short Interest in Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) Grows By 40.0%

Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) was the target of a significant growth in short interest in February. As of February 15th, there was short interest totalling 355,800 shares, a growth of 40.0% from the January 31st total of 254,200 shares. Based on an average trading volume of 333,100 shares, the short-interest ratio is currently 1.1 days.

Hedge Funds Weigh In On Invesco Variable Rate Investment Grade ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. Raymond James & Associates lifted its stake in Invesco Variable Rate Investment Grade ETF by 90.2% in the 3rd quarter. Raymond James & Associates now owns 160,470 shares of the company’s stock worth $4,025,000 after purchasing an additional 76,086 shares in the last quarter. HighTower Advisors LLC lifted its position in shares of Invesco Variable Rate Investment Grade ETF by 12.4% in 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. Resurgent Financial Advisors LLC boosted its stake in Invesco Variable Rate Investment Grade ETF by 2.6% during the third quarter. Resurgent Financial Advisors LLC now owns 21,192 shares of the company’s stock valued at $532,000 after buying an additional 534 shares during the last quarter. Benjamin Edwards Inc. purchased a new position in Invesco Variable Rate Investment Grade ETF during the 3rd quarter valued at approximately $1,639,000. Finally, IHT Wealth Management LLC increased its stake in Invesco Variable Rate Investment Grade ETF by 63.7% in the 3rd quarter. IHT Wealth Management LLC now owns 76,117 shares of the company’s stock worth $1,910,000 after acquiring an additional 29,610 shares during the last quarter.

Invesco Variable Rate Investment Grade ETF Stock Performance

NASDAQ:VRIG opened at $25.12 on Tuesday. The stock has a 50-day moving average price of $25.13 and a 200 day moving average price of $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 business also recently disclosed a dividend, which was paid on Friday, February 28th. Stockholders of record on Monday, February 24th were given a dividend of $0.1041 per share. The ex-dividend date of this dividend was Monday, February 24th.

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.