Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) Short Interest Up 81.5% in March

Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) was the recipient of a large growth in short interest during the month of March. As of March 15th, there was short interest totalling 386,700 shares, a growth of 81.5% from the February 28th total of 213,100 shares. Based on an average daily volume of 440,900 shares, the short-interest ratio is currently 0.9 days. Currently, 0.8% of the shares of the stock are sold short.

Invesco Variable Rate Investment Grade ETF Stock Performance

NASDAQ:VRIG opened at $25.07 on Friday. The company’s 50-day moving average price is $25.12 and its two-hundred day moving average price is $25.12. Invesco Variable Rate Investment Grade ETF has a 12 month low of $25.05 and a 12 month high of $25.24.

Invesco Variable Rate Investment Grade ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Friday, March 28th. Investors of record on Monday, March 24th were given a dividend of $0.0986 per share. The ex-dividend date of this dividend was Monday, March 24th.

Hedge Funds Weigh In On Invesco Variable Rate Investment Grade ETF

Institutional investors have recently bought and sold shares of the business. LPL Financial LLC increased its stake in shares of Invesco Variable Rate Investment Grade ETF by 28.7% in the fourth quarter. LPL Financial LLC now owns 3,288,316 shares of the company’s stock valued at $82,586,000 after buying an additional 732,516 shares in the last quarter. Fiduciary Planning LLC increased its position in Invesco Variable Rate Investment Grade ETF by 2.1% in the 4th quarter. Fiduciary Planning LLC now owns 1,049,404 shares of the company’s stock valued at $26,356,000 after acquiring an additional 21,617 shares in the last quarter. Lunt Capital Management Inc. raised its stake in shares of Invesco Variable Rate Investment Grade ETF by 93.9% in the fourth quarter. Lunt Capital Management Inc. now owns 847,989 shares of the company’s stock worth $21,297,000 after acquiring an additional 410,593 shares during the last quarter. Cherry Creek Investment Advisors Inc. lifted its position in shares of Invesco Variable Rate Investment Grade ETF by 11.1% during the fourth quarter. Cherry Creek Investment Advisors Inc. now owns 625,042 shares of the company’s stock worth $15,698,000 after purchasing an additional 62,428 shares in the last quarter. Finally, HighTower Advisors LLC grew its stake in shares of Invesco Variable Rate Investment Grade ETF by 12.4% during the third quarter. HighTower Advisors LLC now owns 580,746 shares of the company’s stock valued at $14,576,000 after purchasing an additional 63,859 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.