Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) Short Interest Up 90.1% in December

Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) was the recipient of a significant increase in short interest during the month of December. As of December 15th, there was short interest totalling 229,300 shares, an increase of 90.1% from the November 30th total of 120,600 shares. Based on an average daily volume of 234,200 shares, the short-interest ratio is presently 1.0 days.

Institutional Investors Weigh In On Invesco Variable Rate Investment Grade ETF

A number of hedge funds have recently made changes to their positions in the business. NBC Securities Inc. raised its position in Invesco Variable Rate Investment Grade ETF by 34.7% in the 3rd quarter. NBC Securities Inc. now owns 5,181 shares of the company’s stock worth $129,000 after purchasing an additional 1,335 shares during the period. Concorde Asset Management LLC bought a new position in shares of Invesco Variable Rate Investment Grade ETF during the third quarter valued at about $202,000. Inspire Advisors LLC purchased a new position in shares of Invesco Variable Rate Investment Grade ETF in the second quarter worth about $287,000. Farther Finance Advisors LLC bought a new stake in shares of Invesco Variable Rate Investment Grade ETF in the 3rd quarter valued at about $375,000. Finally, Advisors Asset Management Inc. boosted its holdings in Invesco Variable Rate Investment Grade ETF by 57.2% during the 3rd quarter. Advisors Asset Management Inc. now owns 19,099 shares of the company’s stock valued at $479,000 after acquiring an additional 6,948 shares during the period.

Invesco Variable Rate Investment Grade ETF Trading Up 0.0 %

Shares of Invesco Variable Rate Investment Grade ETF stock opened at $25.10 on Friday. Invesco Variable Rate Investment Grade ETF has a 12 month low of $24.97 and a 12 month high of $25.24. The business’s 50-day moving average price is $25.12 and its 200-day moving average price is $25.13.

Invesco Variable Rate Investment Grade ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Friday, December 27th. Shareholders of record on Monday, December 23rd were given a dividend of $0.1325 per share. This is a boost from Invesco Variable Rate Investment Grade ETF’s previous dividend of $0.12. The ex-dividend date was Monday, December 23rd.

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.