Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) Stock Short Interest Report for October

Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) was the recipient of a significant drop in short interest during the month of October. As of October 30th, there was short interest totaling 140,391 shares, a drop of 72.4% from the October 15th total of 507,940 shares. Based on an average daily trading volume, of 546,935 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.2% of the company’s shares are sold short.

Invesco Variable Rate Investment Grade ETF Trading Down 0.0%

VRIG opened at $25.07 on Friday. The business’s 50-day moving average price is $25.04 and its 200-day moving average price is $25.08. Invesco Variable Rate Investment Grade ETF has a 12 month low of $24.98 and a 12 month high of $25.18.

Invesco Variable Rate Investment Grade ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Friday, October 23rd. Investors of record on Monday, October 19th were issued a dividend of $0.0938 per share. The ex-dividend date was Monday, October 19th. This represents a $1.13 annualized dividend and a yield of 4.5%. This is a boost from Invesco Variable Rate Investment Grade ETF’s previous monthly dividend of $0.0912.

Hedge Funds Weigh In On Invesco Variable Rate Investment Grade ETF

Institutional investors and hedge funds have recently bought and sold shares of the stock. Bank of New York Mellon Corp increased its stake in Invesco Variable Rate Investment Grade ETF by 79.6% in the 1st quarter. Bank of New York Mellon Corp now owns 1,781,949 shares of the company’s stock worth $44,611,000 after purchasing an additional 789,612 shares during the period. Harfst & Associates Inc. lifted its position in Invesco Variable Rate Investment Grade ETF by 11.3% in the third quarter. Harfst & Associates Inc. now owns 1,004,561 shares of the company’s stock valued at $25,139,000 after purchasing an additional 101,796 shares during the last quarter. Cetera Investment Advisers boosted its stake in shares of Invesco Variable Rate Investment Grade ETF by 24.9% during the first quarter. Cetera Investment Advisers now owns 543,151 shares of the company’s stock valued at $13,598,000 after purchasing an additional 108,220 shares during the period. Wealthcare Advisory Partners LLC boosted its stake in shares of Invesco Variable Rate Investment Grade ETF by 5.1% during the second quarter. Wealthcare Advisory Partners LLC now owns 536,030 shares of the company’s stock valued at $13,438,000 after purchasing an additional 26,109 shares during the period. Finally, Courier Capital LLC grew its holdings in shares of Invesco Variable Rate Investment Grade ETF by 77.7% in the third quarter. Courier Capital LLC now owns 477,268 shares of the company’s stock worth $11,944,000 after purchasing an additional 208,661 shares during the last quarter.

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.