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

Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) was the recipient of a large drop in short interest in August. As of August 15th, there was short interest totalling 177,800 shares, a drop of 35.5% from the July 31st total of 275,500 shares. Based on an average daily volume of 276,700 shares, the days-to-cover ratio is currently 0.6 days.

Hedge Funds Weigh In On Invesco Variable Rate Investment Grade ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. LPL Financial LLC lifted its position in shares of Invesco Variable Rate Investment Grade ETF by 22.5% during the 2nd quarter. LPL Financial LLC now owns 2,698,211 shares of the company’s stock valued at $67,833,000 after acquiring an additional 495,070 shares during the last quarter. Assetmark Inc. acquired a new stake in shares of Invesco Variable Rate Investment Grade ETF during the 4th quarter valued at $47,574,000. Fiduciary Planning LLC lifted its position in shares of Invesco Variable Rate Investment Grade ETF by 5.2% during the 2nd quarter. Fiduciary Planning LLC now owns 999,318 shares of the company’s stock valued at $25,123,000 after acquiring an additional 49,748 shares during the last quarter. Envestnet Asset Management Inc. lifted its position in shares of Invesco Variable Rate Investment Grade ETF by 31.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 516,623 shares of the company’s stock valued at $12,988,000 after acquiring an additional 123,707 shares during the last quarter. Finally, Total Clarity Wealth Management Inc. lifted its position in shares of Invesco Variable Rate Investment Grade ETF by 102.2% during the 2nd quarter. Total Clarity Wealth Management Inc. now owns 483,064 shares of the company’s stock valued at $12,144,000 after acquiring an additional 244,202 shares during the last quarter.

Invesco Variable Rate Investment Grade ETF Stock Performance

NASDAQ VRIG remained flat at $25.10 on Thursday. The company’s stock had a trading volume of 252,730 shares, compared to its average volume of 309,990. The stock’s 50 day moving average price is $25.13 and its two-hundred day moving average price is $25.13. Invesco Variable Rate Investment Grade ETF has a 52-week low of $24.85 and a 52-week high of $25.24.

Invesco Variable Rate Investment Grade ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Friday, August 23rd. Shareholders of record on Monday, August 19th were paid a dividend of $0.126 per share. This represents a $1.51 dividend on an annualized basis and a yield of 6.03%. The ex-dividend date was Monday, August 19th.

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.