Short Interest in Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) Increases By 38.7%

Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) saw a significant increase in short interest in the month of March. As of March 31st, there was short interest totaling 216,895 shares, an increase of 38.7% from the March 15th total of 156,418 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average daily volume of 421,239 shares, the days-to-cover ratio is presently 0.5 days.

Institutional Investors Weigh In On Invesco Variable Rate Preferred ETF

A number of hedge funds have recently modified their holdings of VRP. NewEdge Advisors LLC raised its position in shares of Invesco Variable Rate Preferred ETF by 18.6% during the first quarter. NewEdge Advisors LLC now owns 16,791 shares of the company’s stock worth $407,000 after purchasing an additional 2,636 shares during the period. First Trust Advisors LP acquired a new stake in shares of Invesco Variable Rate Preferred ETF during the second quarter worth about $440,000. Qube Research & Technologies Ltd raised its position in shares of Invesco Variable Rate Preferred ETF by 33.6% during the second quarter. Qube Research & Technologies Ltd now owns 14,721 shares of the company’s stock worth $360,000 after purchasing an additional 3,704 shares during the period. Diversify Advisory Services LLC acquired a new stake in shares of Invesco Variable Rate Preferred ETF during the second quarter worth about $220,000. Finally, Diversify Wealth Management LLC raised its position in shares of Invesco Variable Rate Preferred ETF by 54.4% during the second quarter. Diversify Wealth Management LLC now owns 27,411 shares of the company’s stock worth $673,000 after purchasing an additional 9,663 shares during the period.

Invesco Variable Rate Preferred ETF Trading Up 0.1%

Shares of NYSEARCA VRP traded up $0.03 during mid-day trading on Wednesday, reaching $24.37. 259,812 shares of the company’s stock were exchanged, compared to its average volume of 511,741. The business has a fifty day simple moving average of $24.31 and a 200 day simple moving average of $24.44. Invesco Variable Rate Preferred ETF has a twelve month low of $23.66 and a twelve month high of $24.93.

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.