Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) Short Interest Up 164.2% in July

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

Hedge Funds Weigh In On Invesco Variable Rate Investment Grade ETF

Several institutional investors and hedge funds have recently modified their holdings of the stock. Sound Income Strategies LLC boosted its stake in shares of Invesco Variable Rate Investment Grade ETF by 141,100.0% in the first quarter. Sound Income Strategies LLC now owns 1,412 shares of the company’s stock worth $35,000 after buying an additional 1,411 shares during the last quarter. PNC Financial Services Group Inc. acquired a new stake in Invesco Variable Rate Investment Grade ETF during the fourth quarter worth about $35,000. CoreCap Advisors LLC raised its position 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 valued at $46,000 after acquiring an additional 718 shares in the last quarter. Evolution Wealth Management Inc. purchased 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 in the first quarter valued at approximately $80,000.

Invesco Variable Rate Investment Grade ETF Price Performance

NASDAQ VRIG remained flat at $25.05 on Monday. 254,347 shares of the company were exchanged, compared to its average volume of 479,994. The business has a fifty day moving average of $25.08 and a 200 day moving average of $25.09. Invesco Variable Rate Investment Grade ETF has a 52 week low of $25.00 and a 52 week high of $25.18.

Invesco Variable Rate Investment Grade ETF Dividend Announcement

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

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.