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

Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) was the recipient of a large decline in short interest in the month of July. As of July 31st, there was short interest totaling 458,294 shares, a decline of 55.7% from the July 15th total of 1,034,212 shares. Currently, 0.6% of the company’s shares are sold short. Based on an average daily volume of 467,137 shares, the short-interest ratio is currently 1.0 days.

Institutional Trading of Invesco Variable Rate Investment Grade ETF

A number of institutional investors have recently bought and sold shares of the company. Sound Income Strategies LLC raised its position in shares of Invesco Variable Rate Investment Grade ETF by 141,100.0% in the 1st quarter. Sound Income Strategies LLC now owns 1,412 shares of the company’s stock worth $35,000 after acquiring an additional 1,411 shares in the last quarter. PNC Financial Services Group Inc. bought a new stake in shares of Invesco Variable Rate Investment Grade ETF during the 4th quarter valued at about $35,000. Evolution Wealth Management Inc. bought a new stake in shares of Invesco Variable Rate Investment Grade ETF during the 1st quarter valued at about $49,000. Harbor Asset Planning Inc. bought a new stake in shares of Invesco Variable Rate Investment Grade ETF during the 1st quarter valued at about $80,000. Finally, Matrix Private Capital Group LLC acquired a new stake in Invesco Variable Rate Investment Grade ETF during the first quarter worth approximately $145,000.

Invesco Variable Rate Investment Grade ETF Price Performance

NASDAQ:VRIG opened at $25.11 on Monday. The firm’s fifty day moving average is $25.09 and its 200-day moving average 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 company also recently announced a dividend, which was paid on Friday, July 24th. Investors of record on Monday, July 20th were issued a $0.0922 dividend. The ex-dividend date was Monday, July 20th.

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.