Short Interest in Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) Increases By 196.0%

Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) saw a significant growth in short interest during the month of April. As of April 30th, there was short interest totaling 417,644 shares, a growth of 196.0% from the April 15th total of 141,115 shares. Based on an average daily volume of 1,065,790 shares, the short-interest ratio is currently 0.4 days. Currently, 0.4% of the shares of the stock are short sold.

Institutional Trading of Invesco Variable Rate Preferred ETF

Several hedge funds have recently made changes to their positions in the business. Advisory Services Network LLC raised its position in shares of Invesco Variable Rate Preferred ETF by 1.4% during the 3rd quarter. Advisory Services Network LLC now owns 33,782 shares of the company’s stock valued at $834,000 after buying an additional 458 shares in the last quarter. Equitable Holdings Inc. lifted its stake in shares of Invesco Variable Rate Preferred ETF by 3.8% in the 4th quarter. Equitable Holdings Inc. now owns 13,531 shares of the company’s stock valued at $329,000 after purchasing an additional 493 shares during the last quarter. Blair William & Co. IL lifted its stake in shares of Invesco Variable Rate Preferred ETF by 7.7% in the 4th quarter. Blair William & Co. IL now owns 6,986 shares of the company’s stock valued at $170,000 after purchasing an additional 501 shares during the last quarter. Corient Private Wealth LLC lifted its stake in shares of Invesco Variable Rate Preferred ETF by 1.4% in the 2nd quarter. Corient Private Wealth LLC now owns 36,992 shares of the company’s stock valued at $904,000 after purchasing an additional 520 shares during the last quarter. Finally, Endowment Wealth Management Inc. lifted its stake in shares of Invesco Variable Rate Preferred ETF by 3.5% in the 4th quarter. Endowment Wealth Management Inc. now owns 16,481 shares of the company’s stock valued at $401,000 after purchasing an additional 554 shares during the last quarter.

Invesco Variable Rate Preferred ETF Trading Down 0.2%

VRP traded down $0.06 during trading hours on Friday, hitting $24.31. The company’s stock had a trading volume of 370,394 shares, compared to its average volume of 684,581. The business’s 50-day moving average price is $24.24 and its 200-day moving average price is $24.39. Invesco Variable Rate Preferred ETF has a 12 month low of $23.71 and a 12 month high of $24.93.

About Invesco Variable Rate Preferred ETF

The Invesco Variable Rate Preferred ETF (VRP) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund tracks a market-value-weighted index of variable- and floating-rate preferred stocks. VRP was launched on May 1, 2014 and is managed by Invesco.