Short Interest in Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) Grows By 38.7%

Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) was the recipient of a large growth in short interest during the month of March. As of March 31st, there was short interest totaling 216,895 shares, a growth of 38.7% from the March 15th total of 156,418 shares. Based on an average daily trading volume, of 421,239 shares, the short-interest ratio is presently 0.5 days. Approximately 0.2% of the company’s stock are sold short.

Institutional Investors Weigh In On Invesco Variable Rate Preferred ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Bank of America Corp DE increased its stake in Invesco Variable Rate Preferred ETF by 6.2% in the 3rd quarter. Bank of America Corp DE now owns 8,491,380 shares of the company’s stock valued at $209,737,000 after buying an additional 497,911 shares during the last quarter. Wells Fargo & Company MN grew its position in shares of Invesco Variable Rate Preferred ETF by 11.5% in the 4th quarter. Wells Fargo & Company MN now owns 3,508,606 shares of the company’s stock valued at $85,364,000 after acquiring an additional 360,543 shares during the period. LPL Financial LLC grew its position in shares of Invesco Variable Rate Preferred ETF by 17.8% in the 4th quarter. LPL Financial LLC now owns 2,652,479 shares of the company’s stock valued at $64,535,000 after acquiring an additional 399,914 shares during the period. UBS Group AG grew its position in shares of Invesco Variable Rate Preferred ETF by 1.0% in the 4th quarter. UBS Group AG now owns 2,175,176 shares of the company’s stock valued at $52,922,000 after acquiring an additional 21,479 shares during the period. Finally, JPMorgan Chase & Co. grew its position in shares of Invesco Variable Rate Preferred ETF by 12.6% in the 4th quarter. JPMorgan Chase & Co. now owns 1,957,799 shares of the company’s stock valued at $47,633,000 after acquiring an additional 219,807 shares during the period.

Invesco Variable Rate Preferred ETF Trading Down 0.3%

Shares of VRP stock opened at $24.29 on Friday. Invesco Variable Rate Preferred ETF has a 1 year low of $23.66 and a 1 year high of $24.93. The firm’s fifty day moving average price is $24.31 and its two-hundred day moving average price is $24.44.

Invesco Variable Rate Preferred ETF Company Profile

The Invesco Variable Rate Preferred ETF (VRP) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund tracks a market-value-weighted index of variable- and floating-rate preferred stocks. VRP was launched on May 1, 2014 and is managed by Invesco.