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

Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIGGet Rating) saw a large decline in short interest in April. As of April 15th, there was short interest totalling 35,800 shares, a decline of 73.7% from the March 31st total of 135,900 shares. Based on an average trading volume of 221,000 shares, the days-to-cover ratio is currently 0.2 days.

A number of large investors have recently added to or reduced their stakes in VRIG. OLD Mission Capital LLC purchased a new position in Invesco Variable Rate Investment Grade ETF during the 3rd quarter valued at about $1,212,000. Morgan Stanley grew its stake in shares of Invesco Variable Rate Investment Grade ETF by 7.4% in the 2nd quarter. Morgan Stanley now owns 760,132 shares of the company’s stock valued at $19,076,000 after buying an additional 52,425 shares in the last quarter. AE Wealth Management LLC bought a new stake in shares of Invesco Variable Rate Investment Grade ETF in the 3rd quarter valued at approximately $913,000. Raymond James Financial Services Advisors Inc. grew its stake in shares of Invesco Variable Rate Investment Grade ETF by 8.5% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 19,266 shares of the company’s stock valued at $484,000 after buying an additional 1,513 shares in the last quarter. Finally, Advisor Group Holdings Inc. grew its stake in shares of Invesco Variable Rate Investment Grade ETF by 5.1% in the 3rd quarter. Advisor Group Holdings Inc. now owns 45,142 shares of the company’s stock valued at $1,134,000 after buying an additional 2,194 shares in the last quarter.

NASDAQ:VRIG opened at $24.92 on Thursday. Invesco Variable Rate Investment Grade ETF has a fifty-two week low of $24.88 and a fifty-two week high of $25.13. The stock’s 50-day moving average is $24.94 and its two-hundred day moving average is $25.03.

The firm also recently announced a monthly dividend, which will be paid on Friday, April 29th. Shareholders of record on Tuesday, April 19th will be paid a dividend of $0.02 per share. This represents a $0.24 annualized dividend and a yield of 0.96%. The ex-dividend date of this dividend is Monday, April 18th. This is a boost from Invesco Variable Rate Investment Grade ETF’s previous monthly dividend of $0.01.

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