Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) Short Interest Up 517.9% in July

Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) saw a large increase in short interest in the month of July. As of July 31st, there was short interest totaling 977,645 shares, an increase of 517.9% from the July 15th total of 158,210 shares. Based on an average trading volume of 534,781 shares, the days-to-cover ratio is presently 1.8 days. Approximately 0.8% of the company’s shares are sold short.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in VRP. Advisory Services Network LLC grew its stake in shares of Invesco Variable Rate Preferred ETF by 1.4% in 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 during the period. Equitable Holdings Inc. raised its position in shares of Invesco Variable Rate Preferred ETF by 3.8% during the 4th quarter. Equitable Holdings Inc. now owns 13,531 shares of the company’s stock valued at $329,000 after buying an additional 493 shares during the period. Blair William & Co. IL raised its position in shares of Invesco Variable Rate Preferred ETF by 7.7% during the 4th quarter. Blair William & Co. IL now owns 6,986 shares of the company’s stock valued at $170,000 after buying an additional 501 shares during the period. Corient Private Wealth LLC lifted its holdings in Invesco Variable Rate Preferred ETF by 1.4% in the second 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 last quarter. Finally, Endowment Wealth Management Inc. lifted its holdings in Invesco Variable Rate Preferred ETF by 3.5% in the fourth quarter. Endowment Wealth Management Inc. now owns 16,481 shares of the company’s stock valued at $401,000 after acquiring an additional 554 shares during the last quarter.

Invesco Variable Rate Preferred ETF Stock Performance

Invesco Variable Rate Preferred ETF stock traded up $0.01 during mid-day trading on Thursday, hitting $24.20. The company’s stock had a trading volume of 293,432 shares, compared to its average volume of 635,200. The company has a 50 day moving average of $24.30 and a 200-day moving average of $24.32. Invesco Variable Rate Preferred ETF has a one year low of $23.71 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.