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

Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) saw a large decline in short interest during the month of December. As of December 31st, there was short interest totaling 131,461 shares, a decline of 71.6% from the December 15th total of 462,348 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily volume of 528,964 shares, the short-interest ratio is presently 0.2 days. Based on an average daily volume of 528,964 shares, the short-interest ratio is presently 0.2 days. Approximately 0.1% of the shares of the stock are sold short.

Institutional Investors Weigh In On Invesco Variable Rate Preferred ETF

Large investors have recently modified their holdings of the stock. Bank of America Corp DE raised its position in shares of Invesco Variable Rate Preferred ETF by 6.2% during the third quarter. Bank of America Corp DE now owns 8,491,380 shares of the company’s stock worth $209,737,000 after purchasing an additional 497,911 shares during the period. JPMorgan Chase & Co. boosted its position in shares of Invesco Variable Rate Preferred ETF by 47.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,737,992 shares of the company’s stock valued at $42,928,000 after purchasing an additional 561,811 shares during the period. Envestnet Asset Management Inc. increased its stake in Invesco Variable Rate Preferred ETF by 11.3% in the 3rd quarter. Envestnet Asset Management Inc. now owns 1,628,178 shares of the company’s stock worth $40,216,000 after purchasing an additional 165,578 shares in the last quarter. Stephens Inc. AR raised its holdings in Invesco Variable Rate Preferred ETF by 2.2% during the 3rd quarter. Stephens Inc. AR now owns 1,415,320 shares of the company’s stock worth $34,958,000 after buying an additional 30,698 shares during the period. Finally, Advisors Capital Management LLC raised its holdings in Invesco Variable Rate Preferred ETF by 7.3% during the 3rd quarter. Advisors Capital Management LLC now owns 1,296,804 shares of the company’s stock worth $32,031,000 after buying an additional 87,810 shares during the period.

Invesco Variable Rate Preferred ETF Stock Up 0.0%

Shares of NYSEARCA VRP traded up $0.01 during midday trading on Tuesday, reaching $24.44. The company’s stock had a trading volume of 331,453 shares, compared to its average volume of 677,263. The company has a 50 day moving average price of $24.45 and a 200 day moving average price of $24.55. Invesco Variable Rate Preferred ETF has a one year low of $23.03 and a one year high of $24.93.

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.