Short Interest in Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) Grows By 81.5%

Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) was the recipient of a large increase in short interest in the month of March. As of March 15th, there was short interest totalling 386,700 shares, an increase of 81.5% from the February 28th total of 213,100 shares. Based on an average daily volume of 440,900 shares, the short-interest ratio is presently 0.9 days. Approximately 0.8% of the shares of the stock are short sold.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. LPL Financial LLC grew its position in Invesco Variable Rate Investment Grade ETF by 28.7% during the fourth quarter. LPL Financial LLC now owns 3,288,316 shares of the company’s stock valued at $82,586,000 after acquiring an additional 732,516 shares during the last quarter. Lunt Capital Management Inc. grew its holdings 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 valued at $21,297,000 after purchasing an additional 410,593 shares during the last quarter. Raymond James Financial Inc. purchased a new position in Invesco Variable Rate Investment Grade ETF in the 4th quarter worth $5,525,000. Blue Capital Inc. bought a new stake in Invesco Variable Rate Investment Grade ETF in the fourth quarter worth $3,032,000. Finally, Uniting Wealth Partners LLC purchased a new stake in Invesco Variable Rate Investment Grade ETF during the fourth quarter valued at about $2,925,000.

Invesco Variable Rate Investment Grade ETF Price Performance

Invesco Variable Rate Investment Grade ETF stock opened at $25.07 on Monday. Invesco Variable Rate Investment Grade ETF has a fifty-two week low of $25.05 and a fifty-two week high of $25.24. The firm’s fifty day moving average price is $25.12 and its 200-day moving average price is $25.12.

Invesco Variable Rate Investment Grade ETF Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, March 28th. Stockholders of record on Monday, March 24th were issued a $0.0986 dividend. The ex-dividend date of this dividend was Monday, March 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.