Short Interest in Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) Grows By 90.1%

Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) was the recipient of a significant growth in short interest in December. As of December 15th, there was short interest totalling 229,300 shares, a growth of 90.1% from the November 30th total of 120,600 shares. Based on an average trading volume of 234,200 shares, the days-to-cover ratio is currently 1.0 days.

Invesco Variable Rate Investment Grade ETF Price Performance

Shares of VRIG traded up $0.01 during trading hours on Friday, hitting $25.10. The company had a trading volume of 214,155 shares, compared to its average volume of 287,575. The firm has a fifty day moving average price of $25.12 and a 200-day moving average price of $25.13. Invesco Variable Rate Investment Grade ETF has a 52-week low of $24.97 and a 52-week high of $25.24.

Invesco Variable Rate Investment Grade ETF Increases Dividend

The company also recently announced a dividend, which was paid on Friday, December 27th. Shareholders of record on Monday, December 23rd were issued a $0.1325 dividend. The ex-dividend date of this dividend was Monday, December 23rd. This is a boost from Invesco Variable Rate Investment Grade ETF’s previous dividend of $0.12.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Raymond James & Associates raised its holdings in Invesco Variable Rate Investment Grade ETF by 90.2% in the 3rd quarter. Raymond James & Associates now owns 160,470 shares of the company’s stock worth $4,025,000 after acquiring an additional 76,086 shares during the last quarter. Holderness Investments Co. raised its stake in shares of Invesco Variable Rate Investment Grade ETF by 1.7% in 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 during the last quarter. HighTower Advisors LLC lifted its holdings in shares of Invesco Variable Rate Investment Grade ETF by 12.4% during the third quarter. HighTower Advisors LLC now owns 580,746 shares of the company’s stock valued at $14,576,000 after purchasing an additional 63,859 shares in the last quarter. Envestnet Asset Management Inc. boosted its position in shares of Invesco Variable Rate Investment Grade ETF by 31.5% during the second quarter. Envestnet Asset Management Inc. now owns 516,623 shares of the company’s stock valued at $12,988,000 after buying an additional 123,707 shares during the last quarter. Finally, ICA Group Wealth Management LLC increased its holdings in Invesco Variable Rate Investment Grade ETF by 651.0% in the 2nd quarter. ICA Group Wealth Management LLC now owns 85,424 shares of the company’s stock worth $2,148,000 after buying an additional 74,049 shares in the last quarter.

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.