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

Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) was the recipient of a significant increase in short interest in the month of June. As of June 30th, there was short interest totaling 391,461 shares, an increase of 504.9% from the June 15th total of 64,715 shares. Currently, 0.6% of the shares of the company are sold short. Based on an average daily volume of 1,030,407 shares, the short-interest ratio is presently 0.4 days.

Invesco Variable Rate Investment Grade ETF Price Performance

VRIG traded up $0.01 during trading on Friday, reaching $25.10. The company’s stock had a trading volume of 275,777 shares, compared to its average volume of 478,281. The company’s fifty day moving average price is $25.08 and its 200-day moving average price is $25.09. 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 Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, June 26th. Investors of record on Monday, June 22nd were paid a $0.0919 dividend. The ex-dividend date was Monday, June 22nd. This represents a c) dividend on an annualized basis and a dividend yield of 4.4%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. PNC Financial Services Group Inc. acquired a new stake in Invesco Variable Rate Investment Grade ETF in the fourth quarter valued at $35,000. Sound Income Strategies LLC grew its stake in shares of Invesco Variable Rate Investment Grade ETF by 141,100.0% during the 1st quarter. Sound Income Strategies LLC now owns 1,412 shares of the company’s stock worth $35,000 after purchasing an additional 1,411 shares during the period. CoreCap Advisors LLC grew its stake in shares of Invesco Variable Rate Investment Grade ETF by 64.9% during the 4th quarter. CoreCap Advisors LLC now owns 1,824 shares of the company’s stock worth $46,000 after purchasing an additional 718 shares during the period. Evolution Wealth Management Inc. purchased a new position in shares of Invesco Variable Rate Investment Grade ETF in the 1st quarter valued at about $49,000. Finally, Harbor Asset Planning Inc. purchased a new position in shares of Invesco Variable Rate Investment Grade ETF in the 1st quarter valued at about $80,000.

About Invesco Variable Rate Investment Grade ETF

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.