Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) Short Interest Update

Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) was the target of a large decline in short interest in August. As of August 31st, there was short interest totaling 105,617 shares, a decline of 75.3% from the August 15th total of 427,053 shares. Based on an average daily volume of 349,993 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.1% of the company’s stock are sold short.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in VRIG. Richmond Investment Services LLC raised its position in shares of Invesco Variable Rate Investment Grade ETF by 2.3% in the 4th quarter. Richmond Investment Services LLC now owns 21,303 shares of the company’s stock worth $535,000 after acquiring an additional 471 shares in the last quarter. Blair William & Co. IL boosted its position in Invesco Variable Rate Investment Grade ETF by 5.7% during the fourth quarter. Blair William & Co. IL now owns 8,871 shares of the company’s stock valued at $223,000 after purchasing an additional 476 shares in the last quarter. Centurion Wealth Management LLC boosted its position in Invesco Variable Rate Investment Grade ETF by 0.6% during the second quarter. Centurion Wealth Management LLC now owns 86,304 shares of the company’s stock valued at $2,164,000 after purchasing an additional 522 shares in the last quarter. Global Retirement Partners LLC grew its stake in Invesco Variable Rate Investment Grade ETF by 3.8% in the fourth quarter. Global Retirement Partners LLC now owns 15,452 shares of the company’s stock valued at $388,000 after purchasing an additional 568 shares during the last quarter. Finally, Rockefeller Capital Management L.P. grew its stake in Invesco Variable Rate Investment Grade ETF by 2.9% in the fourth quarter. Rockefeller Capital Management L.P. now owns 21,722 shares of the company’s stock valued at $545,000 after purchasing an additional 619 shares during the last quarter.

Invesco Variable Rate Investment Grade ETF Trading Down 0.0%

NASDAQ VRIG opened at $25.07 on Friday. The firm’s 50 day moving average price is $25.08 and its 200-day moving average price is $25.08. 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 Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Friday, August 28th. Shareholders of record on Monday, August 24th were issued a dividend of $0.0912 per share. The ex-dividend date was Monday, August 24th. This represents a c) dividend on an annualized basis and a yield of 4.4%.

Invesco Variable Rate Investment Grade ETF Company Profile

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.