Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) Short Interest Update

Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) was the target of a large growth in short interest during the month of June. As of June 30th, there was short interest totaling 391,461 shares, a growth of 504.9% from the June 15th total of 64,715 shares. Currently, 0.6% of the shares of the company are short sold. Based on an average trading volume of 1,030,407 shares, the days-to-cover ratio is presently 0.4 days.

Invesco Variable Rate Investment Grade ETF Price Performance

VRIG remained flat at $25.10 during midday trading on Monday. The company’s stock had a trading volume of 266,856 shares, compared to its average volume of 476,666. The company’s 50-day moving average price is $25.08 and its 200-day moving average price is $25.09. Invesco Variable Rate Investment Grade ETF has a fifty-two week low of $25.00 and a fifty-two week high of $25.18.

Invesco Variable Rate Investment Grade ETF Announces Dividend

The company also recently announced a monthly dividend, which was paid on Friday, June 26th. Shareholders of record on Monday, June 22nd were paid a dividend of $0.0919 per share. The ex-dividend date was Monday, June 22nd. This represents a c) dividend on an annualized basis and a yield of 4.4%.

Institutional Investors Weigh In On Invesco Variable Rate Investment Grade ETF

Institutional investors and hedge funds have recently bought and sold shares of the business. Jane Street Group LLC acquired a new position in shares of Invesco Variable Rate Investment Grade ETF during the first quarter worth $1,235,000. JPMorgan Chase & Co. lifted its position in shares of Invesco Variable Rate Investment Grade ETF by 64.1% in the second quarter. JPMorgan Chase & Co. now owns 37,912 shares of the company’s stock valued at $950,000 after acquiring an additional 14,805 shares in the last quarter. First Trust Advisors LP increased its position in Invesco Variable Rate Investment Grade ETF by 4.8% during the second quarter. First Trust Advisors LP now owns 117,855 shares of the company’s stock worth $2,952,000 after purchasing an additional 5,351 shares during the last quarter. NewEdge Advisors LLC grew its position in Invesco Variable Rate Investment Grade ETF by 6.4% in the 2nd quarter. NewEdge Advisors LLC now owns 27,320 shares of the company’s stock worth $684,000 after purchasing an additional 1,641 shares during the last quarter. Finally, Raymond James Financial Inc. grew its holdings in Invesco Variable Rate Investment Grade ETF by 26.3% during the second quarter. Raymond James Financial Inc. now owns 385,708 shares of the company’s stock worth $9,662,000 after acquiring an additional 80,277 shares during the period.

About Invesco Variable Rate Investment Grade ETF

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.