Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) Short Interest Update

Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIGGet Rating) was the target of a large decline in short interest in August. As of August 31st, there was short interest totalling 31,800 shares, a decline of 64.7% from the August 15th total of 90,100 shares. Based on an average daily trading volume, of 137,400 shares, the short-interest ratio is presently 0.2 days.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in VRIG. Raymond James & Associates grew its position in shares of Invesco Variable Rate Investment Grade ETF by 25.8% during the 4th quarter. Raymond James & Associates now owns 24,146 shares of the company’s stock valued at $605,000 after purchasing an additional 4,947 shares in the last quarter. Raymond James Financial Services Advisors Inc. grew its position in shares of Invesco Variable Rate Investment Grade ETF by 6.7% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 20,557 shares of the company’s stock valued at $515,000 after purchasing an additional 1,291 shares in the last quarter. PFS Investments Inc. grew its position in shares of Invesco Variable Rate Investment Grade ETF by 8.9% during the 4th quarter. PFS Investments Inc. now owns 489,380 shares of the company’s stock valued at $12,264,000 after purchasing an additional 40,117 shares in the last quarter. Invesco Ltd. grew its position in shares of Invesco Variable Rate Investment Grade ETF by 0.7% during the 4th quarter. Invesco Ltd. now owns 6,356,787 shares of the company’s stock valued at $159,301,000 after purchasing an additional 44,126 shares in the last quarter. Finally, LPL Financial LLC grew its position in shares of Invesco Variable Rate Investment Grade ETF by 1.1% during the 4th quarter. LPL Financial LLC now owns 478,508 shares of the company’s stock valued at $11,991,000 after purchasing an additional 5,261 shares in the last quarter.

Invesco Variable Rate Investment Grade ETF Trading Down 0.0 %

Invesco Variable Rate Investment Grade ETF stock opened at $24.85 on Wednesday. Invesco Variable Rate Investment Grade ETF has a 1-year low of $24.41 and a 1-year high of $25.13. The firm has a 50 day simple moving average of $24.75 and a 200 day simple moving average of $24.81.

Invesco Variable Rate Investment Grade ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, August 26th. Investors of record on Tuesday, August 23rd were paid a $0.056 dividend. This represents a $0.67 dividend on an annualized basis and a yield of 2.70%. This is a positive change from Invesco Variable Rate Investment Grade ETF’s previous monthly dividend of $0.04. The ex-dividend date of this dividend was Monday, August 22nd.

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