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 in June. As of June 30th, there was short interest totaling 391,461 shares, a growth of 504.9% from the June 15th total of 64,715 shares. Approximately 0.6% of the company’s stock are short sold. Based on an average trading volume of 1,030,407 shares, the days-to-cover ratio is currently 0.4 days.

Invesco Variable Rate Investment Grade ETF Price Performance

Shares of NASDAQ VRIG traded up $0.01 during midday trading on Monday, reaching $25.11. The company’s stock had a trading volume of 266,857 shares, compared to its average volume of 476,618. The stock has a 50 day simple moving average of $25.08 and a 200-day simple moving average of $25.09. Invesco Variable Rate Investment Grade ETF has a fifty-two week low of $25.00 and a fifty-two week high of $25.18.

Invesco Variable Rate Investment Grade ETF Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, June 26th. Shareholders of record on Monday, June 22nd were paid a $0.0919 dividend. This represents a c) annualized dividend and a yield of 4.4%. The ex-dividend date was Monday, June 22nd.

Hedge Funds Weigh In On Invesco Variable Rate Investment Grade ETF

A number of large investors have recently modified their holdings of VRIG. Sound Income Strategies LLC grew its holdings in shares of Invesco Variable Rate Investment Grade ETF by 141,100.0% in the 1st quarter. Sound Income Strategies LLC now owns 1,412 shares of the company’s stock valued at $35,000 after acquiring an additional 1,411 shares in the last quarter. PNC Financial Services Group Inc. bought a new stake in Invesco Variable Rate Investment Grade ETF during the fourth quarter worth about $35,000. CoreCap Advisors LLC raised its holdings in Invesco Variable Rate Investment Grade ETF by 64.9% during the fourth quarter. CoreCap Advisors LLC now owns 1,824 shares of the company’s stock worth $46,000 after acquiring an additional 718 shares in the last quarter. Evolution Wealth Management Inc. acquired a new position in Invesco Variable Rate Investment Grade ETF during the first quarter valued at approximately $49,000. Finally, Harbor Asset Planning Inc. acquired a new position in Invesco Variable Rate Investment Grade ETF during the first quarter valued at approximately $80,000.

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.