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

Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) saw a large growth in short interest in the month of September. As of September 15th, there was short interest totalling 173,200 shares, a growth of 25.8% from the August 31st total of 137,700 shares. Based on an average daily trading volume, of 277,100 shares, the short-interest ratio is currently 0.6 days.

Invesco Variable Rate Investment Grade ETF Stock Performance

NASDAQ:VRIG opened at $25.09 on Monday. The business’s 50-day simple moving average is $25.11 and its 200-day simple moving average is $25.13. Invesco Variable Rate Investment Grade ETF has a fifty-two week low of $24.85 and a fifty-two week high of $25.24.

Invesco Variable Rate Investment Grade ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Friday, September 27th. Shareholders of record on Monday, September 23rd were paid a $0.127 dividend. This is an increase from Invesco Variable Rate Investment Grade ETF’s previous monthly dividend of $0.13. The ex-dividend date was Monday, September 23rd. This represents a $1.52 annualized dividend and a dividend yield of 6.07%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Aveo Capital Partners LLC bought a new stake in Invesco Variable Rate Investment Grade ETF during the fourth quarter worth $3,855,000. Steward Partners Investment Advisory LLC increased its position in Invesco Variable Rate Investment Grade ETF by 47.9% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 8,650 shares of the company’s stock worth $216,000 after buying an additional 2,800 shares during the period. Trademark Financial Management LLC acquired a new stake in shares of Invesco Variable Rate Investment Grade ETF during the fourth quarter worth $449,000. Cetera Advisor Networks LLC boosted its position in shares of Invesco Variable Rate Investment Grade ETF by 1,154.2% in the fourth quarter. Cetera Advisor Networks LLC now owns 234,421 shares of the company’s stock valued at $5,858,000 after acquiring an additional 215,730 shares during the period. Finally, Vista Investment Management increased its position in Invesco Variable Rate Investment Grade ETF by 12.3% during the fourth quarter. Vista Investment Management now owns 152,734 shares of the company’s stock worth $3,817,000 after acquiring an additional 16,681 shares during the period.

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.