Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) Sees Significant Decline in Short Interest

Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) was the target of a significant decrease in short interest in March. As of March 13th, there was short interest totaling 156,418 shares, a decrease of 65.7% from the February 26th total of 456,082 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average daily trading volume, of 539,565 shares, the days-to-cover ratio is currently 0.3 days.

Hedge Funds Weigh In On Invesco Variable Rate Preferred ETF

Hedge funds have recently modified their holdings of the company. International Assets Investment Management LLC bought a new stake in shares of Invesco Variable Rate Preferred ETF during the 4th quarter valued at $51,000. Private Trust Co. NA increased its stake in Invesco Variable Rate Preferred ETF by 165.2% in the 4th quarter. Private Trust Co. NA now owns 2,209 shares of the company’s stock worth $54,000 after buying an additional 1,376 shares in the last quarter. LFA Lugano Financial Advisors SA increased its stake in Invesco Variable Rate Preferred ETF by 136.8% in the 4th quarter. LFA Lugano Financial Advisors SA now owns 5,067 shares of the company’s stock worth $123,000 after buying an additional 2,927 shares in the last quarter. Luken Investment Analytics LLC bought a new stake in Invesco Variable Rate Preferred ETF during the fourth quarter valued at about $135,000. Finally, Blueline Advisors LLC purchased a new position in shares of Invesco Variable Rate Preferred ETF in the fourth quarter valued at about $150,000.

Invesco Variable Rate Preferred ETF Stock Down 0.3%

Shares of VRP stock traded down $0.08 during trading hours on Thursday, reaching $23.97. 235,882 shares of the company traded hands, compared to its average volume of 534,098. Invesco Variable Rate Preferred ETF has a 12-month low of $23.03 and a 12-month high of $24.93. The firm has a 50-day moving average price of $24.40 and a 200 day moving average price of $24.51.

Invesco Variable Rate Preferred ETF Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Friday, February 27th. Shareholders of record on Monday, February 23rd were paid a dividend of $0.1019 per share. The ex-dividend date was Monday, February 23rd. This represents a c) dividend on an annualized basis and a yield of 5.1%.

Invesco Variable Rate Preferred ETF Company Profile

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.