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

Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) was the recipient of a large growth in short interest in the month of April. As of April 15th, there was short interest totalling 560,800 shares, a growth of 3,589.5% from the March 31st total of 15,200 shares. Based on an average daily trading volume, of 340,900 shares, the days-to-cover ratio is presently 1.6 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Mainstay Capital Management LLC ADV lifted its stake in shares of Invesco Variable Rate Investment Grade ETF by 2,133.7% in the 3rd quarter. Mainstay Capital Management LLC ADV now owns 2,607,914 shares of the company’s stock worth $65,053,000 after purchasing an additional 2,491,159 shares during the period. Assetmark Inc. purchased a new position in shares of Invesco Variable Rate Investment Grade ETF during the 4th quarter worth $47,574,000. LPL Financial LLC grew its position in shares of Invesco Variable Rate Investment Grade ETF by 21.4% during the 3rd quarter. LPL Financial LLC now owns 1,410,502 shares of the company’s stock valued at $35,184,000 after acquiring an additional 248,526 shares during the period. Fiduciary Planning LLC increased its stake in shares of Invesco Variable Rate Investment Grade ETF by 245.3% in the 4th quarter. Fiduciary Planning LLC now owns 928,359 shares of the company’s stock worth $23,200,000 after purchasing an additional 659,505 shares in the last quarter. Finally, Stifel Financial Corp raised its holdings in Invesco Variable Rate Investment Grade ETF by 33.2% in the 3rd quarter. Stifel Financial Corp now owns 587,129 shares of the company’s stock worth $14,646,000 after purchasing an additional 146,195 shares during the period.

Invesco Variable Rate Investment Grade ETF Stock Performance

VRIG stock opened at $25.09 on Friday. Invesco Variable Rate Investment Grade ETF has a 1 year low of $24.78 and a 1 year high of $25.20. The stock’s fifty day moving average price is $25.11 and its 200-day moving average price is $25.04.

Invesco Variable Rate Investment Grade ETF Announces Dividend

The company also recently announced a monthly dividend, which was paid on Friday, April 26th. Shareholders of record on Tuesday, April 23rd were issued a $0.1341 dividend. This represents a $1.61 dividend on an annualized basis and a yield of 6.41%. The ex-dividend date was Monday, April 22nd.

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.