Short Interest in Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) Grows By 40.0%

Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) saw a significant increase in short interest in the month of February. As of February 15th, there was short interest totalling 355,800 shares, an increase of 40.0% from the January 31st total of 254,200 shares. Based on an average trading volume of 333,100 shares, the days-to-cover ratio is currently 1.1 days.

Invesco Variable Rate Investment Grade ETF Stock Performance

NASDAQ:VRIG traded down $0.01 on Wednesday, reaching $25.12. 230,479 shares of the stock traded hands, compared to its average volume of 328,420. Invesco Variable Rate Investment Grade ETF has a 1-year low of $25.03 and a 1-year high of $25.24. The company’s 50 day moving average is $25.13 and its 200-day moving average is $25.12.

Invesco Variable Rate Investment Grade ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Friday, February 28th. Investors of record on Monday, February 24th were paid a dividend of $0.1041 per share. The ex-dividend date of this dividend was Monday, February 24th.

Institutional Trading of Invesco Variable Rate Investment Grade ETF

A number of institutional investors have recently bought and sold shares of the company. JPMorgan Chase & Co. lifted its stake in shares of Invesco Variable Rate Investment Grade ETF by 485.9% in the 4th quarter. JPMorgan Chase & Co. now owns 3,451 shares of the company’s stock valued at $87,000 after purchasing an additional 2,862 shares during the period. Mpwm Advisory Solutions LLC acquired a new position in Invesco Variable Rate Investment Grade ETF in the fourth quarter valued at approximately $87,000. Golden State Wealth Management LLC bought a new position in shares of Invesco Variable Rate Investment Grade ETF during the 4th quarter worth approximately $100,000. Tower Research Capital LLC TRC grew its position in shares of Invesco Variable Rate Investment Grade ETF by 6,365.0% during the 4th quarter. Tower Research Capital LLC TRC now owns 6,465 shares of the company’s stock worth $162,000 after buying an additional 6,365 shares during the period. Finally, BNP Paribas Financial Markets bought a new stake in shares of Invesco Variable Rate Investment Grade ETF in the 4th quarter valued at $197,000.

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.