Short Interest in Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) Increases By 344.8%

Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) was the target of a large increase in short interest in the month of May. As of May 15th, there was short interest totaling 414,353 shares, an increase of 344.8% from the April 30th total of 93,147 shares. Based on an average trading volume of 370,068 shares, the short-interest ratio is presently 1.1 days. Currently, 0.7% of the shares of the company are sold short.

Invesco Variable Rate Investment Grade ETF Stock Performance

Shares of NASDAQ VRIG opened at $25.07 on Friday. Invesco Variable Rate Investment Grade ETF has a 12 month low of $25.00 and a 12 month high of $25.18. The company has a 50 day simple moving average of $25.06 and a two-hundred day simple moving average of $25.10.

Invesco Variable Rate Investment Grade ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, May 22nd. Shareholders of record on Monday, May 18th were paid a dividend of $0.0937 per share. This represents a c) annualized dividend and a yield of 4.5%. The ex-dividend date was Monday, May 18th. This is a positive change from Invesco Variable Rate Investment Grade ETF’s previous monthly dividend of $0.09.

Institutional Trading of Invesco Variable Rate Investment Grade ETF

Several institutional investors and hedge funds have recently bought and sold shares of the business. Invesco Ltd. lifted its stake in Invesco Variable Rate Investment Grade ETF by 26.5% during the 4th quarter. Invesco Ltd. now owns 13,338,402 shares of the company’s stock valued at $334,794,000 after acquiring an additional 2,790,286 shares during the period. Morgan Stanley lifted its stake in Invesco Variable Rate Investment Grade ETF by 10.0% during the 4th quarter. Morgan Stanley now owns 2,246,537 shares of the company’s stock valued at $56,388,000 after acquiring an additional 205,031 shares during the period. Bank of New York Mellon Corp lifted its stake in Invesco Variable Rate Investment Grade ETF by 79.6% during the 1st quarter. Bank of New York Mellon Corp now owns 1,781,949 shares of the company’s stock valued at $44,611,000 after acquiring an additional 789,612 shares during the period. Osaic Holdings Inc. lifted its stake in shares of Invesco Variable Rate Investment Grade ETF by 5.6% in the 4th quarter. Osaic Holdings Inc. now owns 1,085,090 shares of the company’s stock valued at $27,237,000 after purchasing an additional 58,015 shares during the period. Finally, Fiduciary Planning LLC lifted its stake in shares of Invesco Variable Rate Investment Grade ETF by 1.4% in the 4th quarter. Fiduciary Planning LLC now owns 977,936 shares of the company’s stock valued at $24,546,000 after purchasing an additional 13,816 shares during the period.

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.