Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) Short Interest Down 31.9% in October

Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) saw a significant drop in short interest in the month of October. As of October 15th, there was short interest totalling 108,100 shares, a drop of 31.9% from the September 30th total of 158,800 shares. Based on an average trading volume of 274,600 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Trading of Invesco Variable Rate Investment Grade ETF

Several large investors have recently bought and sold shares of the company. LPL Financial LLC lifted its stake in shares of Invesco Variable Rate Investment Grade ETF by 22.5% in the 2nd quarter. LPL Financial LLC now owns 2,698,211 shares of the company’s stock valued at $67,833,000 after purchasing an additional 495,070 shares during the period. Fiduciary Planning LLC increased its stake in shares of Invesco Variable Rate Investment Grade ETF by 2.8% in the 3rd quarter. Fiduciary Planning LLC now owns 1,027,787 shares of the company’s stock worth $25,782,000 after acquiring an additional 28,469 shares in the last quarter. Cherry Creek Investment Advisors Inc. boosted its stake in Invesco Variable Rate Investment Grade ETF by 1.9% during the third quarter. Cherry Creek Investment Advisors Inc. now owns 562,614 shares of the company’s stock worth $14,113,000 after acquiring an additional 10,442 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in shares of Invesco Variable Rate Investment Grade ETF by 31.5% during the second quarter. Envestnet Asset Management Inc. now owns 516,623 shares of the company’s stock valued at $12,988,000 after purchasing an additional 123,707 shares in the last quarter. Finally, Sunflower Bank N.A. lifted its holdings in shares of Invesco Variable Rate Investment Grade ETF by 0.3% during the third quarter. Sunflower Bank N.A. now owns 515,241 shares of the company’s stock valued at $12,925,000 after purchasing an additional 1,339 shares during the last quarter.

Invesco Variable Rate Investment Grade ETF Stock Performance

NASDAQ:VRIG traded up $0.01 during trading hours on Monday, hitting $25.09. The company had a trading volume of 53,964 shares, compared to its average volume of 295,230. The stock has a 50-day moving average price of $25.11 and a 200 day moving average price of $25.13. Invesco Variable Rate Investment Grade ETF has a 52 week low of $24.85 and a 52 week high of $25.24.

Invesco Variable Rate Investment Grade ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Friday, October 25th. Stockholders of record on Monday, October 21st were paid a dividend of $0.12 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 5.74%. The ex-dividend date of this dividend was Monday, October 21st.

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.