Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) Sees Large Drop in Short Interest

Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) was the target of a large decrease in short interest during the month of June. As of June 15th, there was short interest totalling 171,300 shares, a decrease of 36.5% from the May 31st total of 269,700 shares. Based on an average daily volume of 329,000 shares, the days-to-cover ratio is presently 0.5 days.

Institutional Investors Weigh In On Invesco Variable Rate Investment Grade ETF

Large investors have recently made changes to their positions in the company. Vima LLC bought a new stake in shares of Invesco Variable Rate Investment Grade ETF in the 4th quarter worth about $30,000. NBC Securities Inc. acquired a new position in Invesco Variable Rate Investment Grade ETF during the 4th quarter worth about $80,000. Advisors Asset Management Inc. lifted its position in Invesco Variable Rate Investment Grade ETF by 168.3% during the 1st quarter. Advisors Asset Management Inc. now owns 6,461 shares of the company’s stock worth $162,000 after buying an additional 4,053 shares in the last quarter. Calton & Associates Inc. acquired a new position in Invesco Variable Rate Investment Grade ETF during the 1st quarter worth about $202,000. Finally, Prevail Innovative Wealth Advisors LLC acquired a new position in Invesco Variable Rate Investment Grade ETF during the 1st quarter worth about $215,000.

Invesco Variable Rate Investment Grade ETF Stock Up 0.1 %

VRIG opened at $25.14 on Friday. The firm’s 50-day simple moving average is $25.14 and its 200-day simple moving average is $25.10. Invesco Variable Rate Investment Grade ETF has a twelve month low of $24.85 and a twelve month high of $25.24.

Invesco Variable Rate Investment Grade ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Friday, June 28th. Stockholders of record on Monday, June 24th were issued a $0.1241 dividend. This represents a $1.49 annualized dividend and a dividend yield of 5.92%. The ex-dividend date was Monday, June 24th.

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.