Short Interest in Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) Rises By 21.5%

Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) was the recipient of a significant growth in short interest during the month of January. As of January 15th, there was short interest totalling 278,700 shares, a growth of 21.5% from the December 31st total of 229,300 shares. Based on an average daily volume of 286,300 shares, the days-to-cover ratio is presently 1.0 days.

Invesco Variable Rate Investment Grade ETF Trading Up 0.0 %

Shares of VRIG stock traded up $0.01 during trading hours on Friday, hitting $25.11. 339,832 shares of the company were exchanged, compared to its average volume of 505,177. The firm has a fifty day moving average of $25.13 and a 200 day moving average of $25.12. Invesco Variable Rate Investment Grade ETF has a 1 year low of $25.03 and a 1 year high of $25.24.

Invesco Variable Rate Investment Grade ETF Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, January 24th. Shareholders of record on Tuesday, January 21st were issued a $0.1141 dividend. The ex-dividend date of this dividend was Tuesday, January 21st.

Institutional Trading of Invesco Variable Rate Investment Grade ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Fiduciary Planning LLC grew its position in Invesco Variable Rate Investment Grade ETF by 2.1% during the fourth quarter. Fiduciary Planning LLC now owns 1,049,404 shares of the company’s stock valued at $26,356,000 after acquiring an additional 21,617 shares during the period. Lunt Capital Management Inc. increased its position in 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 worth $21,297,000 after purchasing an additional 410,593 shares in the last quarter. Cherry Creek Investment Advisors Inc. raised its holdings in Invesco Variable Rate Investment Grade ETF by 11.1% in the fourth quarter. Cherry Creek Investment Advisors Inc. now owns 625,042 shares of the company’s stock valued at $15,698,000 after buying an additional 62,428 shares during the period. HighTower Advisors LLC raised its holdings in 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 valued at $14,576,000 after buying an additional 63,859 shares during the period. Finally, Sunflower Bank N.A. lifted its position in Invesco Variable Rate Investment Grade ETF by 2.6% during the fourth quarter. Sunflower Bank N.A. now owns 528,671 shares of the company’s stock valued at $13,278,000 after buying an additional 13,430 shares in the last quarter.

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.