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

Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) saw a large decline in short interest in the month of May. As of May 29th, there was short interest totaling 189,733 shares, a decline of 67.9% from the May 14th total of 591,660 shares. Based on an average daily volume of 682,740 shares, the short-interest ratio is currently 0.3 days. Approximately 0.2% of the shares of the company are sold short.

Hedge Funds Weigh In On Invesco Variable Rate Preferred ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. International Assets Investment Management LLC acquired a new position in Invesco Variable Rate Preferred ETF during the 4th quarter worth approximately $51,000. Private Trust Co. NA increased its position in Invesco Variable Rate Preferred ETF by 165.2% during the 4th quarter. Private Trust Co. NA now owns 2,209 shares of the company’s stock worth $54,000 after purchasing an additional 1,376 shares during the period. LFA Lugano Financial Advisors SA grew its holdings in shares of 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 acquiring an additional 2,927 shares during the period. Luken Investment Analytics LLC acquired a new stake in shares of Invesco Variable Rate Preferred ETF in the 4th quarter worth approximately $135,000. Finally, Ascentis Independent Advisors acquired a new stake in shares of Invesco Variable Rate Preferred ETF in the 1st quarter worth approximately $141,000.

Invesco Variable Rate Preferred ETF Stock Performance

NYSEARCA VRP traded up $0.03 on Friday, hitting $24.37. 285,426 shares of the company’s stock were exchanged, compared to its average volume of 657,001. The firm’s 50-day moving average price is $24.31 and its two-hundred day moving average price is $24.35. Invesco Variable Rate Preferred ETF has a fifty-two week low of $23.71 and a fifty-two week 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.