Short Interest in Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) Decreases By 22.6%

Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) was the recipient of a significant drop in short interest in the month of August. As of August 31st, there was short interest totalling 137,700 shares, a drop of 22.6% from the August 15th total of 177,800 shares. Based on an average daily trading volume, of 274,000 shares, the short-interest ratio is presently 0.5 days.

Invesco Variable Rate Investment Grade ETF Stock Performance

NASDAQ VRIG opened at $25.16 on Friday. Invesco Variable Rate Investment Grade ETF has a one year low of $24.85 and a one year high of $25.24. The company’s 50 day moving average price is $25.13 and its 200 day moving average price is $25.13.

Invesco Variable Rate Investment Grade ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, August 23rd. Stockholders of record on Monday, August 19th were paid a $0.126 dividend. This represents a $1.51 dividend on an annualized basis and a dividend yield of 6.01%. The ex-dividend date was Monday, August 19th.

Institutional Trading of Invesco Variable Rate Investment Grade ETF

A number of institutional investors have recently added to or reduced their stakes in the business. Holderness Investments Co. lifted its stake in shares of Invesco Variable Rate Investment Grade ETF by 1.7% during the second quarter. Holderness Investments Co. now owns 55,836 shares of the company’s stock worth $1,404,000 after purchasing an additional 936 shares in the last quarter. Arkadios Wealth Advisors boosted its holdings in Invesco Variable Rate Investment Grade ETF by 4.8% in the 2nd quarter. Arkadios Wealth Advisors now owns 24,977 shares of the company’s stock worth $628,000 after acquiring an additional 1,155 shares during the period. Vima LLC purchased a new position in Invesco Variable Rate Investment Grade ETF in the 4th quarter worth approximately $30,000. Oppenheimer & Co. Inc. grew its position in Invesco Variable Rate Investment Grade ETF by 11.8% in the first quarter. Oppenheimer & Co. Inc. now owns 19,000 shares of the company’s stock valued at $477,000 after acquiring an additional 2,000 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC raised its stake in shares of Invesco Variable Rate Investment Grade ETF by 47.9% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 8,650 shares of the company’s stock valued at $216,000 after purchasing an additional 2,800 shares during the period.

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.