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

Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) was the recipient of a significant growth in short interest during the month of December. As of December 15th, there was short interest totaling 462,348 shares, a growth of 29.6% from the November 30th total of 356,762 shares. Based on an average daily volume of 552,891 shares, the days-to-cover ratio is currently 0.8 days. Currently, 0.5% of the company’s shares are short sold. Currently, 0.5% of the company’s shares are short sold. Based on an average daily volume of 552,891 shares, the days-to-cover ratio is currently 0.8 days.

Hedge Funds Weigh In On Invesco Variable Rate Preferred ETF

Several hedge funds and other institutional investors have recently modified their holdings of VRP. Advisory Services Network LLC boosted its holdings in shares of Invesco Variable Rate Preferred ETF by 1.4% during the 3rd quarter. Advisory Services Network LLC now owns 33,782 shares of the company’s stock valued at $834,000 after buying an additional 458 shares in the last quarter. Corient Private Wealth LLC lifted its position in Invesco Variable Rate Preferred ETF by 1.4% during the 2nd quarter. Corient Private Wealth LLC now owns 36,992 shares of the company’s stock valued at $904,000 after acquiring an additional 520 shares during the period. Atria Wealth Solutions Inc. boosted its stake in Invesco Variable Rate Preferred ETF by 1.8% during the second quarter. Atria Wealth Solutions Inc. now owns 30,406 shares of the company’s stock worth $745,000 after acquiring an additional 534 shares in the last quarter. Cary Street Partners Financial LLC grew its holdings in Invesco Variable Rate Preferred ETF by 0.9% in the second quarter. Cary Street Partners Financial LLC now owns 66,372 shares of the company’s stock worth $1,623,000 after purchasing an additional 600 shares during the period. Finally, Clear Harbor Asset Management LLC grew its holdings in Invesco Variable Rate Preferred ETF by 1.8% in the third quarter. Clear Harbor Asset Management LLC now owns 34,135 shares of the company’s stock worth $843,000 after purchasing an additional 600 shares during the period.

Invesco Variable Rate Preferred ETF Stock Up 0.2%

Shares of Invesco Variable Rate Preferred ETF stock traded up $0.04 on Tuesday, hitting $24.37. The stock had a trading volume of 530,939 shares, compared to its average volume of 497,221. Invesco Variable Rate Preferred ETF has a one year low of $23.03 and a one year high of $24.93. The stock’s 50-day simple moving average is $24.50 and its two-hundred day simple moving average is $24.55.

About Invesco Variable Rate Preferred ETF

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.