Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) Sees Significant Increase in Short Interest

Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) saw a large increase in short interest in the month of April. As of April 30th, there was short interest totaling 417,644 shares, an increase of 196.0% from the April 15th total of 141,115 shares. Based on an average daily volume of 1,065,790 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.4% of the company’s shares are sold short.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of VRP. International Assets Investment Management LLC purchased a new position in Invesco Variable Rate Preferred ETF during the fourth quarter worth approximately $51,000. Private Trust Co. NA increased its holdings in shares of Invesco Variable Rate Preferred ETF by 165.2% during the 4th quarter. Private Trust Co. NA now owns 2,209 shares of the company’s stock worth $54,000 after buying an additional 1,376 shares during the last quarter. LFA Lugano Financial Advisors SA increased its holdings in shares of Invesco Variable Rate Preferred ETF by 136.8% during the 4th quarter. LFA Lugano Financial Advisors SA now owns 5,067 shares of the company’s stock worth $123,000 after buying an additional 2,927 shares during the last quarter. Luken Investment Analytics LLC purchased a new position in shares of Invesco Variable Rate Preferred ETF in the 4th quarter worth $135,000. Finally, Ascentis Independent Advisors purchased a new position in shares of Invesco Variable Rate Preferred ETF in the 1st quarter worth $141,000.

Invesco Variable Rate Preferred ETF Price Performance

Shares of NYSEARCA:VRP remained flat at $24.37 during midday trading on Thursday. The stock had a trading volume of 258,481 shares, compared to its average volume of 687,997. The company’s 50-day moving average is $24.24 and its 200 day moving average is $24.39. Invesco Variable Rate Preferred ETF has a twelve month low of $23.71 and a twelve month high of $24.93.

Invesco Variable Rate Preferred ETF Company Profile

The Invesco Variable Rate Preferred ETF (VRP) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund tracks a market-value-weighted index of variable- and floating-rate preferred stocks. VRP was launched on May 1, 2014 and is managed by Invesco.