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

Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) was the target of a large drop in short interest in the month of May. As of May 29th, there was short interest totaling 189,733 shares, a drop of 67.9% from the May 14th total of 591,660 shares. Currently, 0.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 682,740 shares, the days-to-cover ratio is presently 0.3 days.

Hedge Funds Weigh In On Invesco Variable Rate Preferred ETF

Institutional investors and hedge funds have recently made changes to their positions in the stock. International Assets Investment Management LLC acquired a new stake in shares of Invesco Variable Rate Preferred ETF in the fourth quarter valued at about $51,000. Private Trust Co. NA increased its holdings in Invesco Variable Rate Preferred ETF by 165.2% in the fourth quarter. Private Trust Co. NA now owns 2,209 shares of the company’s stock valued at $54,000 after buying an additional 1,376 shares in the last quarter. LFA Lugano Financial Advisors SA lifted its position in shares of Invesco Variable Rate Preferred ETF by 136.8% during the 4th quarter. LFA Lugano Financial Advisors SA now owns 5,067 shares of the company’s stock valued at $123,000 after acquiring an additional 2,927 shares during the period. Luken Investment Analytics LLC acquired a new stake in shares of Invesco Variable Rate Preferred ETF during the 4th quarter valued at approximately $135,000. Finally, Ascentis Independent Advisors purchased a new stake in shares of Invesco Variable Rate Preferred ETF during the 1st quarter worth approximately $141,000.

Invesco Variable Rate Preferred ETF Trading Up 0.0%

VRP stock traded up $0.01 on Thursday, reaching $24.31. 176,986 shares of the company’s stock were exchanged, compared to its average volume of 656,537. The stock has a fifty day moving average of $24.30 and a 200-day moving average of $24.35. Invesco Variable Rate Preferred ETF has a twelve month low of $23.71 and a twelve month high of $24.93.

About Invesco Variable Rate Preferred ETF

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.