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

Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) was the target of a significant growth in short interest during the month of October. As of October 31st, there was short interest totalling 365,200 shares, a growth of 237.8% from the October 15th total of 108,100 shares. Based on an average daily trading volume, of 258,400 shares, the short-interest ratio is presently 1.4 days.

Invesco Variable Rate Investment Grade ETF Stock Performance

Shares of NASDAQ VRIG remained flat at $25.17 during midday trading on Thursday. 186,374 shares of the stock traded hands, compared to its average volume of 294,451. The firm’s 50 day moving average is $25.12 and its 200 day moving average 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 firm also recently announced a monthly dividend, which was paid on Friday, October 25th. Shareholders of record on Monday, October 21st were paid a dividend of $0.12 per share. The ex-dividend date of this dividend was Monday, October 21st. This represents a $1.44 annualized dividend and a yield of 5.72%.

Institutional Trading of Invesco Variable Rate Investment Grade ETF

A number of institutional investors and hedge funds have recently modified their holdings of VRIG. Raymond James & Associates lifted its position in Invesco Variable Rate Investment Grade ETF by 90.2% during the third quarter. Raymond James & Associates now owns 160,470 shares of the company’s stock valued at $4,025,000 after purchasing an additional 76,086 shares during the period. Oppenheimer & Co. Inc. boosted its stake in shares of Invesco Variable Rate Investment Grade ETF by 11.8% in the 1st quarter. Oppenheimer & Co. Inc. now owns 19,000 shares of the company’s stock worth $477,000 after buying an additional 2,000 shares during the last quarter. Atria Wealth Solutions Inc. grew its holdings in shares of Invesco Variable Rate Investment Grade ETF by 1.2% in the second quarter. Atria Wealth Solutions Inc. now owns 279,731 shares of the company’s stock worth $7,032,000 after acquiring an additional 3,197 shares during the period. Holderness Investments Co. increased its position in Invesco Variable Rate Investment Grade ETF by 1.7% during the second quarter. Holderness Investments Co. now owns 55,836 shares of the company’s stock valued at $1,404,000 after acquiring an additional 936 shares during the last quarter. Finally, ICA Group Wealth Management LLC increased its position in Invesco Variable Rate Investment Grade ETF by 651.0% during the second quarter. ICA Group Wealth Management LLC now owns 85,424 shares of the company’s stock valued at $2,148,000 after acquiring an additional 74,049 shares during the last quarter.

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.