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

Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) was the recipient of a significant decline in short interest during the month of February. As of February 28th, there was short interest totalling 213,100 shares, a decline of 40.1% from the February 13th total of 355,800 shares. Currently, 0.4% of the company’s stock are short sold. Based on an average daily volume of 364,400 shares, the days-to-cover ratio is presently 0.6 days.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Resurgent Financial Advisors LLC increased its holdings in shares of Invesco Variable Rate Investment Grade ETF by 2.6% in the third quarter. Resurgent Financial Advisors LLC now owns 21,192 shares of the company’s stock valued at $532,000 after purchasing an additional 534 shares during the period. TAP Consulting LLC increased its holdings in shares of Invesco Variable Rate Investment Grade ETF by 1.4% in the fourth quarter. TAP Consulting LLC now owns 44,141 shares of the company’s stock valued at $1,109,000 after purchasing an additional 619 shares during the period. Bank of America Corp DE increased its holdings in shares of Invesco Variable Rate Investment Grade ETF by 2.4% in the fourth quarter. Bank of America Corp DE now owns 31,221 shares of the company’s stock valued at $784,000 after purchasing an additional 719 shares during the period. First Trust Advisors LP increased its holdings in shares of Invesco Variable Rate Investment Grade ETF by 0.8% in the fourth quarter. First Trust Advisors LP now owns 98,385 shares of the company’s stock valued at $2,471,000 after purchasing an additional 785 shares during the period. Finally, Arete Wealth Advisors LLC increased its holdings in shares of Invesco Variable Rate Investment Grade ETF by 2.2% in the fourth quarter. Arete Wealth Advisors LLC now owns 81,036 shares of the company’s stock valued at $2,035,000 after purchasing an additional 1,757 shares during the period.

Invesco Variable Rate Investment Grade ETF Stock Performance

VRIG stock opened at $25.14 on Monday. Invesco Variable Rate Investment Grade ETF has a fifty-two week low of $25.03 and a fifty-two week high of $25.24. The business has a 50 day moving average price of $25.13 and a 200 day moving average price of $25.13.

Invesco Variable Rate Investment Grade ETF Cuts Dividend

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

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.