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

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

Hedge Funds Weigh In On Invesco Variable Rate Investment Grade ETF

A number of institutional investors have recently modified their holdings of the stock. Cambridge Investment Research Advisors Inc. increased its position in shares of Invesco Variable Rate Investment Grade ETF by 14.7% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 204,183 shares of the company’s stock worth $5,123,000 after acquiring an additional 26,228 shares during the period. Lunt Capital Management Inc. increased its holdings in Invesco Variable Rate Investment Grade ETF by 273.5% during the first quarter. Lunt Capital Management Inc. now owns 413,064 shares of the company’s stock valued at $10,364,000 after buying an additional 302,472 shares during the period. Global Retirement Partners LLC increased its holdings in Invesco Variable Rate Investment Grade ETF by 82.6% during the first quarter. Global Retirement Partners LLC now owns 30,165 shares of the company’s stock valued at $757,000 after buying an additional 13,641 shares during the period. Cherry Creek Investment Advisors Inc. purchased a new position in Invesco Variable Rate Investment Grade ETF during the first quarter valued at approximately $11,549,000. Finally, Accurate Wealth Management LLC increased its holdings in Invesco Variable Rate Investment Grade ETF by 16.9% during the first quarter. Accurate Wealth Management LLC now owns 12,000 shares of the company’s stock valued at $302,000 after buying an additional 1,732 shares during the period.

Invesco Variable Rate Investment Grade ETF Stock Up 0.1 %

Shares of NASDAQ:VRIG opened at $25.08 on Friday. The firm’s 50 day simple moving average is $25.11 and its 200-day simple moving average is $25.04. Invesco Variable Rate Investment Grade ETF has a one year low of $24.77 and a one year high of $25.20.

Invesco Variable Rate Investment Grade ETF Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, April 26th. Stockholders of record on Tuesday, April 23rd will be given a dividend of $0.1341 per share. This represents a $1.61 dividend on an annualized basis and a dividend yield of 6.42%. The ex-dividend date is 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.