Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) Short Interest Up 21.5% in January

Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) was the recipient of a significant growth in short interest during the month of January. As of January 15th, there was short interest totalling 278,700 shares, a growth of 21.5% from the December 31st total of 229,300 shares. Based on an average daily volume of 286,300 shares, the days-to-cover ratio is presently 1.0 days.

Hedge Funds Weigh In On Invesco Variable Rate Investment Grade ETF

Large investors have recently bought and sold shares of the stock. Fiduciary Planning LLC grew its stake in shares of Invesco Variable Rate Investment Grade ETF by 2.1% during the 4th quarter. Fiduciary Planning LLC now owns 1,049,404 shares of the company’s stock valued at $26,356,000 after buying an additional 21,617 shares during the period. Lunt Capital Management Inc. increased its stake in Invesco Variable Rate Investment Grade ETF by 93.9% during the fourth quarter. Lunt Capital Management Inc. now owns 847,989 shares of the company’s stock worth $21,297,000 after acquiring an additional 410,593 shares during the last quarter. Cherry Creek Investment Advisors Inc. raised its holdings in shares of Invesco Variable Rate Investment Grade ETF by 11.1% in the 4th quarter. Cherry Creek Investment Advisors Inc. now owns 625,042 shares of the company’s stock worth $15,698,000 after purchasing an additional 62,428 shares during the period. HighTower Advisors LLC lifted its stake in shares of Invesco Variable Rate Investment Grade ETF by 12.4% in the 3rd 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. Finally, Sunflower Bank N.A. grew its holdings in shares of Invesco Variable Rate Investment Grade ETF by 2.6% during the 4th quarter. Sunflower Bank N.A. now owns 528,671 shares of the company’s stock worth $13,278,000 after purchasing an additional 13,430 shares during the period.

Invesco Variable Rate Investment Grade ETF Trading Up 0.0 %

NASDAQ VRIG opened at $25.11 on Monday. The business’s 50-day moving average price is $25.13 and its 200 day moving average price is $25.12. Invesco Variable Rate Investment Grade ETF has a twelve month low of $25.03 and a twelve month high of $25.24.

Invesco Variable Rate Investment Grade ETF Cuts Dividend

The business also recently announced a dividend, which was paid on Friday, January 24th. Investors of record on Tuesday, January 21st were issued a $0.1141 dividend. The ex-dividend date of this dividend was Tuesday, January 21st.

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.