Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) Sees Large Decline in Short Interest

Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) was the recipient of a large decrease in short interest in the month of February. As of February 28th, there was short interest totalling 213,100 shares, a decrease of 40.1% from the February 13th total of 355,800 shares. Based on an average daily trading volume, of 364,400 shares, the days-to-cover ratio is presently 0.6 days. Approximately 0.4% of the company’s stock are sold short.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. LPL Financial LLC increased its stake in shares of Invesco Variable Rate Investment Grade ETF by 28.7% during the 4th quarter. LPL Financial LLC now owns 3,288,316 shares of the company’s stock worth $82,586,000 after purchasing an additional 732,516 shares during the last quarter. Fiduciary Planning LLC increased its stake in shares of Invesco Variable Rate Investment Grade ETF by 2.1% during the 4th quarter. Fiduciary Planning LLC now owns 1,049,404 shares of the company’s stock worth $26,356,000 after purchasing an additional 21,617 shares during the last quarter. Lunt Capital Management Inc. increased its stake in shares of Invesco Variable Rate Investment Grade ETF by 93.9% during the 4th quarter. Lunt Capital Management Inc. now owns 847,989 shares of the company’s stock worth $21,297,000 after purchasing an additional 410,593 shares during the last quarter. Cherry Creek Investment Advisors Inc. increased its stake in shares of Invesco Variable Rate Investment Grade ETF by 11.1% during the 4th quarter. Cherry Creek Investment Advisors Inc. now owns 625,042 shares of the company’s stock worth $15,698,000 after purchasing an additional 62,428 shares during the last quarter. Finally, HighTower Advisors LLC increased its stake in shares of Invesco Variable Rate Investment Grade ETF by 12.4% during the 3rd quarter. HighTower Advisors LLC now owns 580,746 shares of the company’s stock worth $14,576,000 after purchasing an additional 63,859 shares during the last quarter.

Invesco Variable Rate Investment Grade ETF Trading Up 0.0 %

Invesco Variable Rate Investment Grade ETF stock opened at $25.14 on Friday. The firm’s 50 day moving average price is $25.13 and its two-hundred day moving average price is $25.13. Invesco Variable Rate Investment Grade ETF has a twelve month low of $25.03 and a twelve month high of $25.24.

Invesco Variable Rate Investment Grade ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Friday, February 28th. Stockholders of record on Monday, February 24th were paid a dividend of $0.1041 per share. The ex-dividend date was Monday, February 24th.

About Invesco Variable Rate Investment Grade ETF

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.