Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG – Get Free Report) was the target of a large decrease in short interest in October. As of October 30th, there was short interest totaling 140,391 shares, a decrease of 72.4% from the October 15th total of 507,940 shares. Based on an average daily volume of 546,935 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.2% of the shares of the stock are sold short.
Invesco Variable Rate Investment Grade ETF Price Performance
Shares of NASDAQ:VRIG opened at $25.07 on Friday. The firm has a fifty day moving average price of $25.04 and a two-hundred day moving average price of $25.08. Invesco Variable Rate Investment Grade ETF has a one year low of $24.98 and a one year high of $25.18.
Invesco Variable Rate Investment Grade ETF Increases Dividend
The firm also recently disclosed a monthly dividend, which was paid on Friday, October 23rd. Investors of record on Monday, October 19th were given a $0.0938 dividend. This represents a $1.13 dividend on an annualized basis and a dividend yield of 4.5%. This is a boost from Invesco Variable Rate Investment Grade ETF’s previous monthly dividend of $0.0912. The ex-dividend date was Monday, October 19th.
Institutional Investors Weigh In On Invesco Variable Rate Investment Grade ETF
Several large investors have recently added to or reduced their stakes in VRIG. Bank of New York Mellon Corp increased its stake in Invesco Variable Rate Investment Grade ETF by 79.6% in the 1st quarter. Bank of New York Mellon Corp now owns 1,781,949 shares of the company’s stock worth $44,611,000 after acquiring an additional 789,612 shares during the last quarter. Harfst & Associates Inc. grew its holdings in shares of Invesco Variable Rate Investment Grade ETF by 11.3% during the third quarter. Harfst & Associates Inc. now owns 1,004,561 shares of the company’s stock worth $25,139,000 after purchasing an additional 101,796 shares in the last quarter. Cetera Investment Advisers grew its holdings in shares of Invesco Variable Rate Investment Grade ETF by 24.9% during the first quarter. Cetera Investment Advisers now owns 543,151 shares of the company’s stock worth $13,598,000 after purchasing an additional 108,220 shares in the last quarter. Wealthcare Advisory Partners LLC increased its position in shares of Invesco Variable Rate Investment Grade ETF by 5.1% in the second quarter. Wealthcare Advisory Partners LLC now owns 536,030 shares of the company’s stock worth $13,438,000 after purchasing an additional 26,109 shares during the last quarter. Finally, Courier Capital LLC increased its position in shares of Invesco Variable Rate Investment Grade ETF by 77.7% in the third quarter. Courier Capital LLC now owns 477,268 shares of the company’s stock worth $11,944,000 after purchasing an additional 208,661 shares during 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. VRIG was launched on Sep 22, 2016 and is managed by Invesco.
See Also
- Five stocks we like better than Invesco Variable Rate Investment Grade ETF
- Costco’s Record $30 Dividend Shows Just How Strong Its Cash Machine Is
- Heavy Lifting: Can USA Rare Earth Turn Its First Sales Into Big Profits?
- These 3 Stocks Have Bought Back Billions, But Which Offers the Best Value?
- Golden Dome’s $185 Billion Question: Who Actually Gets Paid?
Receive News & Ratings for Invesco Variable Rate Investment Grade ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invesco Variable Rate Investment Grade ETF and related companies with MarketBeat.com's FREE daily email newsletter.
