Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) Sees Significant Increase in Short Interest

Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) saw a significant increase in short interest in the month of October. As of October 31st, there was short interest totalling 365,200 shares, an increase of 237.8% from the October 15th total of 108,100 shares. Based on an average daily trading volume, of 258,400 shares, the days-to-cover ratio is currently 1.4 days.

Hedge Funds Weigh In On Invesco Variable Rate Investment Grade ETF

A number of institutional investors have recently bought and sold shares of VRIG. NBC Securities Inc. grew its holdings in shares of Invesco Variable Rate Investment Grade ETF by 34.7% during the 3rd quarter. NBC Securities Inc. now owns 5,181 shares of the company’s stock worth $129,000 after acquiring an additional 1,335 shares during the period. Advisors Asset Management Inc. boosted its position in shares of Invesco Variable Rate Investment Grade ETF by 168.3% in the 1st quarter. Advisors Asset Management Inc. now owns 6,461 shares of the company’s stock worth $162,000 after purchasing an additional 4,053 shares in the last quarter. Concorde Asset Management LLC bought a new position in Invesco Variable Rate Investment Grade ETF during the 3rd quarter valued at approximately $202,000. Prevail Innovative Wealth Advisors LLC purchased a new position in Invesco Variable Rate Investment Grade ETF during the first quarter valued at $215,000. Finally, Inspire Advisors LLC bought a new stake in Invesco Variable Rate Investment Grade ETF in the second quarter worth $287,000.

Invesco Variable Rate Investment Grade ETF Price Performance

VRIG remained flat at $25.17 during midday trading on Thursday. The company’s stock had a trading volume of 186,374 shares, compared to its average volume of 294,451. The firm has a 50 day moving average price of $25.12 and a two-hundred day moving average price of $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 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 5.72%. The ex-dividend date was Monday, October 21st.

About Invesco Variable Rate Investment Grade ETF

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.