Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) Sees Large Decrease in Short Interest

Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) was the target of a significant drop in short interest in January. As of January 31st, there was short interest totalling 254,200 shares, a drop of 29.5% from the January 15th total of 360,800 shares. Based on an average daily trading volume, of 350,500 shares, the days-to-cover ratio is currently 0.7 days.

Invesco Variable Rate Investment Grade ETF Trading Up 0.1 %

NASDAQ VRIG traded up $0.02 during trading on Friday, hitting $25.17. The stock had a trading volume of 344,423 shares, compared to its average volume of 461,941. Invesco Variable Rate Investment Grade ETF has a 12 month low of $25.03 and a 12 month high of $25.24. The company’s 50-day moving average price is $25.13 and its two-hundred day moving average price is $25.12.

Invesco Variable Rate Investment Grade ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Friday, January 24th. Shareholders of record on Tuesday, January 21st were given a dividend of $0.1141 per share. The ex-dividend date was Tuesday, January 21st.

Institutional Investors Weigh In On Invesco Variable Rate Investment Grade ETF

A number of institutional investors and hedge funds have recently made changes to their positions in VRIG. NBC Securities Inc. raised its stake in shares of Invesco Variable Rate Investment Grade ETF by 34.7% during the 3rd quarter. NBC Securities Inc. now owns 5,181 shares of the company’s stock worth $129,000 after purchasing an additional 1,335 shares in the last quarter. Inspire Advisors LLC raised its stake in Invesco Variable Rate Investment Grade ETF by 44.3% in the 3rd quarter. Inspire Advisors LLC now owns 16,494 shares of the company’s stock valued at $414,000 after acquiring an additional 5,063 shares during the period. Raymond James & Associates raised its stake 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 valued at $4,025,000 after acquiring an additional 76,086 shares during the period. Calton & Associates Inc. increased its position in Invesco Variable Rate Investment Grade ETF by 289.0% during the 3rd quarter. Calton & Associates Inc. now owns 46,350 shares of the company’s stock worth $1,163,000 after buying an additional 34,436 shares during the period. Finally, Cherry Creek Investment Advisors Inc. increased its position in Invesco Variable Rate Investment Grade ETF by 1.9% during the 3rd quarter. Cherry Creek Investment Advisors Inc. now owns 562,614 shares of the company’s stock worth $14,113,000 after buying an additional 10,442 shares during the period.

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.