Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG – Get Free Report) saw a significant decrease in short interest in July. As of July 15th, there was short interest totalling 215,500 shares, a decrease of 23.1% from the June 30th total of 280,300 shares. Based on an average daily volume of 300,200 shares, the short-interest ratio is presently 0.7 days.
Invesco Variable Rate Investment Grade ETF Price Performance
Shares of NASDAQ VRIG remained flat at $25.10 on Friday. 169,262 shares of the company’s stock traded hands, compared to its average volume of 306,230. Invesco Variable Rate Investment Grade ETF has a 12 month low of $24.85 and a 12 month high of $25.24. The company has a 50-day simple moving average of $25.15 and a 200 day simple moving average of $25.13.
Invesco Variable Rate Investment Grade ETF Increases Dividend
The company also recently disclosed a monthly dividend, which was paid on Friday, July 26th. Investors of record on Monday, July 22nd were paid a dividend of $0.128 per share. This is an increase from Invesco Variable Rate Investment Grade ETF’s previous monthly dividend of $0.12. The ex-dividend date of this dividend was Monday, July 22nd. This represents a $1.54 annualized dividend and a dividend yield of 6.12%.
Hedge Funds Weigh In On Invesco Variable Rate Investment Grade ETF
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.
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