Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) Short Interest Up 164.2% in July

Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) was the recipient of a significant increase in short interest during the month of July. As of July 15th, there was short interest totaling 1,034,212 shares, an increase of 164.2% from the June 30th total of 391,461 shares. Based on an average trading volume of 613,708 shares, the short-interest ratio is currently 1.7 days. Approximately 1.5% of the company’s stock are sold short.

Invesco Variable Rate Investment Grade ETF Stock Performance

NASDAQ:VRIG remained flat at $25.06 on Wednesday. 42,335 shares of the company’s stock were exchanged, compared to its average volume of 479,144. Invesco Variable Rate Investment Grade ETF has a 1-year low of $25.00 and a 1-year high of $25.18. The stock’s 50 day moving average is $25.08 and its two-hundred day moving average is $25.09.

Invesco Variable Rate Investment Grade ETF Announces Dividend

The firm also recently announced a dividend, which was paid on Friday, July 24th. Shareholders of record on Monday, July 20th were issued a $0.0922 dividend. The ex-dividend date of this dividend was Monday, July 20th.

Hedge Funds Weigh In On Invesco Variable Rate Investment Grade ETF

A number of hedge funds have recently bought and sold shares of VRIG. Invesco Ltd. raised its holdings in shares of Invesco Variable Rate Investment Grade ETF by 26.5% during the fourth quarter. Invesco Ltd. now owns 13,338,402 shares of the company’s stock valued at $334,794,000 after purchasing an additional 2,790,286 shares during the last quarter. Morgan Stanley grew its stake in shares of Invesco Variable Rate Investment Grade ETF by 10.0% during the 4th quarter. Morgan Stanley now owns 2,246,537 shares of the company’s stock valued at $56,388,000 after purchasing an additional 205,031 shares during the period. Bank of New York Mellon Corp increased its position in shares of Invesco Variable Rate Investment Grade ETF by 79.6% during the 1st quarter. Bank of New York Mellon Corp now owns 1,781,949 shares of the company’s stock valued at $44,611,000 after purchasing an additional 789,612 shares during the last quarter. Osaic Holdings Inc. lifted its stake in shares of Invesco Variable Rate Investment Grade ETF by 5.6% in the 4th quarter. Osaic Holdings Inc. now owns 1,085,090 shares of the company’s stock worth $27,237,000 after purchasing an additional 58,015 shares during the period. Finally, Fiduciary Planning LLC boosted its holdings in shares of Invesco Variable Rate Investment Grade ETF by 1.4% in the fourth quarter. Fiduciary Planning LLC now owns 977,936 shares of the company’s stock worth $24,546,000 after buying an additional 13,816 shares during 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. VRIG was launched on Sep 22, 2016 and is managed by Invesco.