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

Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) was the recipient of a large decline in short interest during the month of March. As of March 13th, there was short interest totaling 156,418 shares, a decline of 65.7% from the February 26th total of 456,082 shares. Based on an average daily volume of 539,565 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.2% of the shares of the company are sold short. Approximately 0.2% of the shares of the company are sold short. Based on an average daily volume of 539,565 shares, the days-to-cover ratio is currently 0.3 days.

Invesco Variable Rate Preferred ETF Stock Up 0.3%

Invesco Variable Rate Preferred ETF stock traded up $0.06 during trading hours on Wednesday, reaching $24.05. 25,832 shares of the company were exchanged, compared to its average volume of 535,345. Invesco Variable Rate Preferred ETF has a 12 month low of $23.03 and a 12 month high of $24.93. The stock has a 50-day moving average of $24.41 and a 200 day moving average of $24.51.

Invesco Variable Rate Preferred ETF Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Friday, February 27th. Stockholders of record on Monday, February 23rd were paid a $0.1019 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 5.1%. The ex-dividend date was Monday, February 23rd.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of VRP. International Assets Investment Management LLC bought 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 stake in Invesco Variable Rate Preferred ETF by 165.2% during the fourth quarter. Private Trust Co. NA now owns 2,209 shares of the company’s stock valued at $54,000 after acquiring an additional 1,376 shares during the period. LFA Lugano Financial Advisors SA raised its holdings in 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 valued at $123,000 after acquiring an additional 2,927 shares in the last quarter. Luken Investment Analytics LLC acquired a new position in Invesco Variable Rate Preferred ETF in the 4th quarter valued at approximately $135,000. Finally, Blueline Advisors LLC bought a new stake in shares of Invesco Variable Rate Preferred ETF in the 4th quarter worth approximately $150,000.

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.