Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) Short Interest Up 40.0% in February

Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) was the target of a large growth in short interest in February. As of February 15th, there was short interest totalling 355,800 shares, a growth of 40.0% from the January 31st total of 254,200 shares. Based on an average daily trading volume, of 333,100 shares, the short-interest ratio is currently 1.1 days.

Institutional Investors Weigh In On Invesco Variable Rate Investment Grade ETF

Several institutional investors have recently modified their holdings of the stock. JPMorgan Chase & Co. increased its position in Invesco Variable Rate Investment Grade ETF by 485.9% during the fourth quarter. JPMorgan Chase & Co. now owns 3,451 shares of the company’s stock valued at $87,000 after acquiring an additional 2,862 shares during the last quarter. Mpwm Advisory Solutions LLC purchased a new position in shares of Invesco Variable Rate Investment Grade ETF during the 4th quarter worth about $87,000. Golden State Wealth Management LLC purchased a new stake in Invesco Variable Rate Investment Grade ETF in the 4th quarter worth about $100,000. Tower Research Capital LLC TRC raised its position in Invesco Variable Rate Investment Grade ETF by 6,365.0% in the 4th quarter. Tower Research Capital LLC TRC now owns 6,465 shares of the company’s stock worth $162,000 after purchasing an additional 6,365 shares during the period. Finally, BNP Paribas Financial Markets purchased a new position in shares of Invesco Variable Rate Investment Grade ETF during the fourth quarter valued at approximately $197,000.

Invesco Variable Rate Investment Grade ETF Stock Performance

Shares of NASDAQ VRIG opened at $25.12 on Tuesday. Invesco Variable Rate Investment Grade ETF has a 12-month low of $25.03 and a 12-month high of $25.24. The firm’s 50-day moving average price is $25.13 and its 200-day moving average price is $25.12.

Invesco Variable Rate Investment Grade ETF Cuts Dividend

The business also recently disclosed a dividend, which was paid on Friday, February 28th. Stockholders of record on Monday, February 24th were paid a $0.1041 dividend. The ex-dividend date was Monday, February 24th.

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.