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

Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) saw a significant growth in short interest in the month of July. As of July 15th, there was short interest totaling 1,034,212 shares, a growth of 164.2% from the June 30th total of 391,461 shares. Approximately 1.5% of the company’s stock are short sold. Based on an average daily volume of 613,708 shares, the short-interest ratio is currently 1.7 days.

Invesco Variable Rate Investment Grade ETF Price Performance

NASDAQ:VRIG opened at $25.04 on Tuesday. Invesco Variable Rate Investment Grade ETF has a 1-year low of $25.00 and a 1-year high of $25.18. The firm has a 50-day moving average of $25.08 and a two-hundred day moving average of $25.09.

Invesco Variable Rate Investment Grade ETF Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Friday, July 24th. Shareholders of record on Monday, July 20th were issued a dividend of $0.0922 per share. The ex-dividend date was Monday, July 20th.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Vectors Research Management LLC lifted its position in shares of Invesco Variable Rate Investment Grade ETF by 8.6% in the 4th quarter. Vectors Research Management LLC now owns 342,509 shares of the company’s stock worth $8,597,000 after buying an additional 27,154 shares during the last quarter. Cherry Creek Investment Advisors Inc. boosted its position in shares of Invesco Variable Rate Investment Grade ETF by 3.1% during the fourth quarter. Cherry Creek Investment Advisors Inc. now owns 696,853 shares of the company’s stock worth $17,491,000 after buying an additional 21,021 shares during the period. Harfst & Associates Inc. boosted its position in Invesco Variable Rate Investment Grade ETF by 140.2% during the 4th quarter. Harfst & Associates Inc. now owns 344,096 shares of the company’s stock worth $8,637,000 after acquiring an additional 200,845 shares during the period. HighTower Advisors LLC grew its position in Invesco Variable Rate Investment Grade ETF by 19.2% in the 4th quarter. HighTower Advisors LLC now owns 398,615 shares of the company’s stock valued at $10,005,000 after buying an additional 64,308 shares in the last quarter. Finally, Wilian Securities LLC bought a new position in shares of Invesco Variable Rate Investment Grade ETF in the fourth quarter valued at approximately $1,455,000.

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. VRIG was launched on Sep 22, 2016 and is managed by Invesco.