Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) Stock Short Interest Falls 98.0%

Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) was the target of a significant drop in short interest during the month of October. As of October 30th, there was short interest totaling 10,581 shares, a drop of 98.0% from the October 15th total of 519,626 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 1,031,667 shares, the short-interest ratio is currently 0.0 days.

Invesco Variable Rate Preferred ETF Trading Down 0.4%

Shares of Invesco Variable Rate Preferred ETF stock traded down $0.09 during trading hours on Tuesday, reaching $23.70. 745,882 shares of the stock traded hands, compared to its average volume of 650,985. The company has a 50 day moving average price of $23.79 and a 200 day moving average price of $24.18. Invesco Variable Rate Preferred ETF has a one year low of $23.47 and a one year high of $24.68.

Hedge Funds Weigh In On Invesco Variable Rate Preferred ETF

Institutional investors have recently made changes to their positions in the business. Power Wealth Management LLC bought a new stake in shares of Invesco Variable Rate Preferred ETF during the 2nd quarter valued at $2,026,000. Insight Wealth Strategies LLC purchased a new position in shares of Invesco Variable Rate Preferred ETF during the 2nd quarter valued at $22,654,000. Eagle Harbor Asset Management Inc. ADV bought a new position in Invesco Variable Rate Preferred ETF in the 3rd quarter worth $4,216,000. Park Avenue Securities LLC bought a new position in Invesco Variable Rate Preferred ETF in the 3rd quarter worth $10,024,000. Finally, Independent Financial Group LLC bought a new position in Invesco Variable Rate Preferred ETF in the 1st quarter worth $3,025,000.

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.