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

Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) was the target of a large increase in short interest during the month of July. As of July 31st, there was short interest totaling 977,645 shares, an increase of 517.9% from the July 15th total of 158,210 shares. Based on an average daily volume of 534,781 shares, the days-to-cover ratio is presently 1.8 days. Approximately 0.8% of the shares of the stock are short sold.

Invesco Variable Rate Preferred ETF Trading Down 0.0%

Shares of Invesco Variable Rate Preferred ETF stock opened at $24.18 on Friday. Invesco Variable Rate Preferred ETF has a 12-month low of $23.71 and a 12-month high of $24.93. The company has a 50-day simple moving average of $24.30 and a 200 day simple moving average of $24.32.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. International Assets Investment Management LLC bought a new stake in Invesco Variable Rate Preferred ETF during the 4th quarter worth approximately $51,000. Private Trust Co. NA raised its holdings in 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 period. LFA Lugano Financial Advisors SA lifted its stake in Invesco Variable Rate Preferred ETF by 136.8% in the fourth quarter. LFA Lugano Financial Advisors SA now owns 5,067 shares of the company’s stock valued at $123,000 after buying an additional 2,927 shares in the last quarter. Luken Investment Analytics LLC acquired a new position in shares of Invesco Variable Rate Preferred ETF in the fourth quarter valued at approximately $135,000. Finally, Ascentis Independent Advisors acquired a new position in shares of Invesco Variable Rate Preferred ETF in the first quarter valued at approximately $141,000.

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.