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 during the month of 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 daily trading volume, of 333,100 shares, the short-interest ratio is presently 1.1 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in VRIG. Resurgent Financial Advisors LLC lifted its position in shares of 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 worth $532,000 after acquiring an additional 534 shares in the last quarter. TAP Consulting LLC lifted its holdings in Invesco Variable Rate Investment Grade ETF by 1.4% during the 4th quarter. TAP Consulting LLC now owns 44,141 shares of the company’s stock worth $1,109,000 after purchasing an additional 619 shares in the last quarter. Bank of America Corp DE boosted its stake in Invesco Variable Rate Investment Grade ETF by 2.4% in the 4th quarter. Bank of America Corp DE now owns 31,221 shares of the company’s stock worth $784,000 after purchasing an additional 719 shares during the period. First Trust Advisors LP grew its holdings in Invesco Variable Rate Investment Grade ETF by 0.8% during the 4th quarter. First Trust Advisors LP now owns 98,385 shares of the company’s stock valued at $2,471,000 after buying an additional 785 shares in the last quarter. Finally, Trademark Financial Management LLC increased its position in shares of Invesco Variable Rate Investment Grade ETF by 3.8% during the third quarter. Trademark Financial Management LLC now owns 21,745 shares of the company’s stock valued at $545,000 after buying an additional 786 shares during the period.

Invesco Variable Rate Investment Grade ETF Trading Down 0.0 %

Shares of NASDAQ:VRIG traded down $0.01 during mid-day trading on Wednesday, reaching $25.12. The company had a trading volume of 230,479 shares, compared to its average volume of 328,420. Invesco Variable Rate Investment Grade ETF has a one year low of $25.03 and a one year high of $25.24. The company’s 50-day moving average price is $25.13 and its 200-day moving average price is $25.12.

Invesco Variable Rate Investment Grade ETF Cuts Dividend

The company 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.

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.