Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) Short Interest Update

Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) saw a large growth in short interest during the month of 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 daily trading volume, of 234,200 shares, the days-to-cover ratio is presently 1.0 days.

Invesco Variable Rate Investment Grade ETF Price Performance

Invesco Variable Rate Investment Grade ETF stock traded up $0.01 during trading hours on Friday, reaching $25.10. The stock had a trading volume of 214,155 shares, compared to its average volume of 287,575. The company has a fifty day simple moving average of $25.12 and a 200-day simple moving average 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 firm also recently announced a dividend, which was paid on Friday, December 27th. Investors of record on Monday, December 23rd were paid a $0.1325 dividend. The ex-dividend date 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

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Resurgent Financial Advisors LLC grew its position in shares of Invesco Variable Rate Investment Grade ETF by 2.6% in the 3rd quarter. Resurgent Financial Advisors LLC now owns 21,192 shares of the company’s stock worth $532,000 after buying an additional 534 shares during the last quarter. Trademark Financial Management LLC increased its position in Invesco Variable Rate Investment Grade ETF by 3.8% during the 3rd quarter. Trademark Financial Management LLC now owns 21,745 shares of the company’s stock valued at $545,000 after purchasing an additional 786 shares during the period. Holderness Investments Co. raised its holdings in Invesco Variable Rate Investment Grade ETF by 1.7% in the 2nd quarter. Holderness Investments Co. now owns 55,836 shares of the company’s stock worth $1,404,000 after purchasing an additional 936 shares in the last quarter. Arkadios Wealth Advisors lifted its position in shares of Invesco Variable Rate Investment Grade ETF by 4.8% in the 2nd quarter. Arkadios Wealth Advisors now owns 24,977 shares of the company’s stock worth $628,000 after purchasing an additional 1,155 shares during the period. Finally, NBC Securities Inc. boosted 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 valued at $129,000 after purchasing an additional 1,335 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.