Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) Sees Significant Decrease in Short Interest

Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) was the recipient of a large drop in short interest in the month of July. As of July 31st, there was short interest totaling 458,294 shares, a drop of 55.7% from the July 15th total of 1,034,212 shares. Approximately 0.6% of the shares of the stock are short sold. Based on an average daily trading volume, of 467,137 shares, the short-interest ratio is currently 1.0 days.

Institutional Investors Weigh In On Invesco Variable Rate Investment Grade ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in VRIG. PNC Financial Services Group Inc. bought a new position in Invesco Variable Rate Investment Grade ETF during the 4th quarter valued at $35,000. Sound Income Strategies LLC raised its stake in shares of Invesco Variable Rate Investment Grade ETF by 141,100.0% in the 1st quarter. Sound Income Strategies LLC now owns 1,412 shares of the company’s stock worth $35,000 after buying an additional 1,411 shares in the last quarter. Evolution Wealth Management Inc. bought a new stake in shares of Invesco Variable Rate Investment Grade ETF in the 1st quarter worth $49,000. Harbor Asset Planning Inc. acquired a new stake in shares of Invesco Variable Rate Investment Grade ETF in the first quarter valued at $80,000. Finally, Matrix Private Capital Group LLC acquired a new stake in shares of Invesco Variable Rate Investment Grade ETF in the first quarter valued at $145,000.

Invesco Variable Rate Investment Grade ETF Stock Performance

Shares of VRIG stock remained flat at $25.11 during midday trading on Friday. 335,736 shares of the company’s stock were exchanged, compared to its average volume of 482,207. The business has a 50 day simple moving average of $25.09 and a 200 day simple moving average of $25.09. Invesco Variable Rate Investment Grade ETF has a one year low of $25.00 and a one year high of $25.18.

Invesco Variable Rate Investment Grade ETF Dividend Announcement

The business also recently disclosed a dividend, which was paid on Friday, July 24th. Investors of record on Monday, July 20th were paid a dividend of $0.0922 per share. The ex-dividend date was Monday, July 20th.

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.