Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) Short Interest Update

Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) saw a large increase in short interest in the month of January. As of January 15th, there was short interest totaling 242,817 shares, an increase of 84.7% from the December 31st total of 131,461 shares. Currently, 0.2% of the company’s shares are sold short. Based on an average daily volume of 648,051 shares, the days-to-cover ratio is presently 0.4 days. Based on an average daily volume of 648,051 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.2% of the company’s shares are sold short.

Invesco Variable Rate Preferred ETF Stock Performance

NYSEARCA VRP traded up $0.01 during trading on Friday, hitting $24.44. 371,019 shares of the company’s stock traded hands, compared to its average volume of 629,146. The stock has a fifty day moving average of $24.41 and a two-hundred day moving average of $24.54. Invesco Variable Rate Preferred ETF has a 12-month low of $23.03 and a 12-month high of $24.93.

Invesco Variable Rate Preferred ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Friday, January 23rd. Investors of record on Tuesday, January 20th were paid a $0.1019 dividend. This represents a c) annualized dividend and a dividend yield of 5.0%. The ex-dividend date of this dividend was Tuesday, January 20th.

Hedge Funds Weigh In On Invesco Variable Rate Preferred ETF

A number of hedge funds have recently modified their holdings of the company. Nordwand Advisors LLC bought a new stake in shares of Invesco Variable Rate Preferred ETF in the second quarter worth about $39,000. Private Trust Co. NA lifted its holdings in Invesco Variable Rate Preferred ETF by 165.2% in the 4th quarter. Private Trust Co. NA now owns 2,209 shares of the company’s stock worth $54,000 after buying an additional 1,376 shares during the period. LFA Lugano Financial Advisors SA grew its position in shares of Invesco Variable Rate Preferred ETF by 136.8% in the 4th quarter. LFA Lugano Financial Advisors SA now owns 5,067 shares of the company’s stock worth $123,000 after buying an additional 2,927 shares during the last quarter. Advisors Preferred LLC increased its stake in shares of Invesco Variable Rate Preferred ETF by 296.9% during the third quarter. Advisors Preferred LLC now owns 6,612 shares of the company’s stock valued at $164,000 after buying an additional 4,946 shares during the period. Finally, Crumly & Associates Inc. purchased a new position in shares of Invesco Variable Rate Preferred ETF during the third quarter valued at approximately $212,000.

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.