Short Interest in Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) Declines By 23.1%

Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) saw a significant drop in short interest in the month of July. As of July 15th, there was short interest totalling 215,500 shares, a drop of 23.1% from the June 30th total of 280,300 shares. Based on an average daily volume of 300,200 shares, the short-interest ratio is presently 0.7 days.

Hedge Funds Weigh In On Invesco Variable Rate Investment Grade ETF

Institutional investors have recently modified their holdings of the business. Arkadios Wealth Advisors raised its holdings in Invesco Variable Rate Investment Grade ETF by 4.8% during the 2nd quarter. Arkadios Wealth Advisors now owns 24,977 shares of the company’s stock worth $628,000 after buying an additional 1,155 shares during the period. Bank of New York Mellon Corp boosted its position in Invesco Variable Rate Investment Grade ETF by 35.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 269,982 shares of the company’s stock worth $6,787,000 after acquiring an additional 69,961 shares during the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors increased its holdings in Invesco Variable Rate Investment Grade ETF by 322.2% during the second quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 57,282 shares of the company’s stock worth $1,440,000 after buying an additional 43,715 shares during the last quarter. Concourse Financial Group Securities Inc. increased its stake in shares of Invesco Variable Rate Investment Grade ETF by 53.3% during the 2nd quarter. Concourse Financial Group Securities Inc. now owns 146,904 shares of the company’s stock worth $3,693,000 after purchasing an additional 51,046 shares during the last quarter. Finally, Atria Wealth Solutions Inc. raised its stake in Invesco Variable Rate Investment Grade ETF by 1.2% in the second quarter. Atria Wealth Solutions Inc. now owns 279,731 shares of the company’s stock valued at $7,032,000 after buying an additional 3,197 shares during the period.

Invesco Variable Rate Investment Grade ETF Price Performance

Shares of VRIG stock traded up $0.01 on Monday, hitting $25.11. The stock had a trading volume of 77,744 shares, compared to its average volume of 304,643. Invesco Variable Rate Investment Grade ETF has a twelve month low of $24.85 and a twelve month high of $25.24. The company has a fifty day moving average price of $25.15 and a two-hundred day moving average price of $25.13.

Invesco Variable Rate Investment Grade ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, July 26th. Shareholders of record on Monday, July 22nd were issued a $0.128 dividend. This is an increase from Invesco Variable Rate Investment Grade ETF’s previous monthly dividend of $0.12. This represents a $1.54 annualized dividend and a dividend yield of 6.12%. The ex-dividend date of this dividend was Monday, July 22nd.

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.