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

Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) was the target of a large decrease in short interest during the month of March. As of March 15th, there was short interest totalling 34,900 shares, a decrease of 73.7% from the February 29th total of 132,900 shares. Based on an average daily trading volume, of 373,000 shares, the days-to-cover ratio is currently 0.1 days.

Invesco Variable Rate Investment Grade ETF Stock Performance

Shares of VRIG stock opened at $25.08 on Thursday. Invesco Variable Rate Investment Grade ETF has a twelve month low of $24.68 and a twelve month high of $25.19. The business has a fifty day simple moving average of $25.09 and a 200 day simple moving average of $25.01.

Invesco Variable Rate Investment Grade ETF Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Friday, March 22nd. Investors of record on Tuesday, March 19th were given a dividend of $0.1304 per share. The ex-dividend date was Monday, March 18th. This represents a $1.57 annualized dividend and a dividend yield of 6.24%.

Institutional Trading of Invesco Variable Rate Investment Grade ETF

Institutional investors and hedge funds have recently modified their holdings of the business. Fortis Capital Advisors LLC bought a new stake in shares of Invesco Variable Rate Investment Grade ETF during the 4th quarter worth $27,000. UBS Group AG acquired a new position in Invesco Variable Rate Investment Grade ETF in the 2nd quarter worth about $28,000. Vima LLC acquired a new position in Invesco Variable Rate Investment Grade ETF in the 4th quarter worth about $30,000. Belpointe Asset Management LLC increased its holdings in Invesco Variable Rate Investment Grade ETF by 42.6% in the 1st quarter. Belpointe Asset Management LLC now owns 1,561 shares of the company’s stock worth $39,000 after purchasing an additional 466 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its holdings in Invesco Variable Rate Investment Grade ETF by 96.2% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,453 shares of the company’s stock worth $61,000 after purchasing an additional 1,203 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.