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

Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) was the target of a significant increase in short interest in the month of October. As of October 31st, there was short interest totalling 365,200 shares, an increase of 237.8% from the October 15th total of 108,100 shares. Based on an average trading volume of 258,400 shares, the days-to-cover ratio is currently 1.4 days.

Hedge Funds Weigh In On Invesco Variable Rate Investment Grade ETF

Institutional investors have recently modified their holdings of the business. LPL Financial LLC increased its holdings in Invesco Variable Rate Investment Grade ETF by 22.5% during the 2nd quarter. LPL Financial LLC now owns 2,698,211 shares of the company’s stock worth $67,833,000 after purchasing an additional 495,070 shares in the last quarter. Goldstone Financial Group LLC bought a new stake in Invesco Variable Rate Investment Grade ETF in the 3rd quarter valued at approximately $10,015,000. Total Clarity Wealth Management Inc. boosted its position in Invesco Variable Rate Investment Grade ETF by 102.2% during the 2nd quarter. Total Clarity Wealth Management Inc. now owns 483,064 shares of the company’s stock worth $12,144,000 after acquiring an additional 244,202 shares during the last quarter. Cetera Investment Advisers lifted its position in shares of Invesco Variable Rate Investment Grade ETF by 220.0% in the first quarter. Cetera Investment Advisers now owns 232,168 shares of the company’s stock worth $5,825,000 after purchasing an additional 159,607 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its holdings in Invesco Variable Rate Investment Grade ETF by 31.5% during the second quarter. Envestnet Asset Management Inc. now owns 516,623 shares of the company’s stock worth $12,988,000 after purchasing an additional 123,707 shares during the last quarter.

Invesco Variable Rate Investment Grade ETF Stock Performance

Shares of VRIG stock opened at $25.15 on Wednesday. Invesco Variable Rate Investment Grade ETF has a 52 week low of $24.85 and a 52 week high of $25.24. The stock’s fifty day moving average is $25.12 and its 200-day moving average is $25.13.

Invesco Variable Rate Investment Grade ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, October 25th. Investors of record on Monday, October 21st were paid a dividend of $0.12 per share. This represents a $1.44 annualized dividend and a yield of 5.73%. The ex-dividend date was Monday, October 21st.

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.