Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) Short Interest Up 21.5% in January

Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) was the recipient of a significant increase in short interest during the month of January. As of January 15th, there was short interest totalling 278,700 shares, an increase of 21.5% from the December 31st total of 229,300 shares. Based on an average daily volume of 286,300 shares, the short-interest ratio is presently 1.0 days.

Institutional Trading of Invesco Variable Rate Investment Grade ETF

Several hedge funds have recently made changes to their positions in the stock. Truist Financial Corp acquired a new stake in Invesco Variable Rate Investment Grade ETF in the fourth quarter worth $208,000. Hickory Asset Management Inc. acquired a new stake in shares of Invesco Variable Rate Investment Grade ETF in the 4th quarter worth about $1,055,000. Aveo Capital Partners LLC lifted its position in Invesco Variable Rate Investment Grade ETF by 34.6% in the 4th quarter. Aveo Capital Partners LLC now owns 29,525 shares of the company’s stock valued at $742,000 after purchasing an additional 7,597 shares during the last quarter. Nations Financial Group Inc. IA ADV acquired a new position in Invesco Variable Rate Investment Grade ETF during the 4th quarter valued at about $292,000. Finally, Wagner Wealth Management LLC grew its position in Invesco Variable Rate Investment Grade ETF by 13.8% in the 4th quarter. Wagner Wealth Management LLC now owns 187,005 shares of the company’s stock worth $4,697,000 after purchasing an additional 22,716 shares during the last quarter.

Invesco Variable Rate Investment Grade ETF Price Performance

VRIG traded up $0.01 on Friday, hitting $25.11. 339,832 shares of the company’s stock were exchanged, compared to its average volume of 505,177. The stock has a fifty day moving average of $25.13 and a two-hundred day moving average of $25.12. Invesco Variable Rate Investment Grade ETF has a twelve month low of $25.03 and a twelve month high of $25.24.

Invesco Variable Rate Investment Grade ETF Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, January 24th. Stockholders of record on Tuesday, January 21st were given a dividend of $0.1141 per share. The ex-dividend date was Tuesday, January 21st.

About Invesco Variable Rate Investment Grade ETF

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.