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

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

Invesco Variable Rate Investment Grade ETF Price Performance

Shares of VRIG stock opened at $25.17 on Tuesday. The business’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 has a 12 month low of $24.85 and a 12 month high of $25.24.

Invesco Variable Rate Investment Grade ETF Cuts Dividend

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

Hedge Funds Weigh In On Invesco Variable Rate Investment Grade ETF

A number of hedge funds have recently modified their holdings of the business. Vima LLC bought a new position in Invesco Variable Rate Investment Grade ETF during the 4th quarter worth approximately $30,000. Advisors Asset Management Inc. lifted its holdings in Invesco Variable Rate Investment Grade ETF by 168.3% in the first quarter. Advisors Asset Management Inc. now owns 6,461 shares of the company’s stock valued at $162,000 after buying an additional 4,053 shares during the period. Calton & Associates Inc. bought a new stake in Invesco Variable Rate Investment Grade ETF during the first quarter valued at $202,000. Prevail Innovative Wealth Advisors LLC acquired a new stake in Invesco Variable Rate Investment Grade ETF during the 1st quarter worth about $215,000. Finally, Steward Partners Investment Advisory LLC grew its holdings in Invesco Variable Rate Investment Grade ETF by 47.9% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 8,650 shares of the company’s stock worth $216,000 after acquiring an additional 2,800 shares during the period.

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.