Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) Sees Significant Drop in Short Interest

Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) saw a significant decrease in short interest in February. As of February 28th, there was short interest totalling 213,100 shares, a decrease of 40.1% from the February 13th total of 355,800 shares. Approximately 0.4% of the shares of the stock are sold short. Based on an average daily trading volume, of 364,400 shares, the short-interest ratio is presently 0.6 days.

Invesco Variable Rate Investment Grade ETF Price Performance

NASDAQ VRIG opened at $25.14 on Friday. Invesco Variable Rate Investment Grade ETF has a twelve month low of $25.03 and a twelve month high of $25.24. The business’s fifty day moving average is $25.13 and its 200 day moving average is $25.13.

Invesco Variable Rate Investment Grade ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Friday, February 28th. Stockholders of record on Monday, February 24th were paid a $0.1041 dividend. The ex-dividend date of this dividend was Monday, February 24th.

Institutional Investors Weigh In On Invesco Variable Rate Investment Grade ETF

A number of institutional investors have recently added to or reduced their stakes in VRIG. Oppenheimer & Co. Inc. lifted its holdings in Invesco Variable Rate Investment Grade ETF by 15.4% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 30,000 shares of the company’s stock worth $753,000 after buying an additional 4,000 shares during the period. Advisors Asset Management Inc. boosted its stake in shares of Invesco Variable Rate Investment Grade ETF by 57.2% in the 3rd quarter. Advisors Asset Management Inc. now owns 19,099 shares of the company’s stock valued at $479,000 after purchasing an additional 6,948 shares during the last quarter. Concorde Asset Management LLC acquired a new stake in shares of Invesco Variable Rate Investment Grade ETF during the third quarter worth $202,000. Benjamin Edwards Inc. bought a new position in Invesco Variable Rate Investment Grade ETF during the third quarter worth $1,639,000. Finally, HighTower Advisors LLC boosted its position in 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 valued at $14,576,000 after acquiring an additional 63,859 shares during 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.