Short Interest in Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) Decreases By 40.1%

Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) was the target of a large decrease in short interest in February. As of February 28th, there was short interest totalling 213,100 shares, a decrease of 40.1% from the February 13th total of 355,800 shares. Based on an average trading volume of 364,400 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.4% of the company’s shares are short sold.

Institutional Investors Weigh In On Invesco Variable Rate Investment Grade ETF

Hedge funds have recently made changes to their positions in the company. Truist Financial Corp purchased a new stake in shares of Invesco Variable Rate Investment Grade ETF in the 4th quarter valued at approximately $208,000. Bank of New York Mellon Corp lifted its position in shares of Invesco Variable Rate Investment Grade ETF by 19.9% in the 4th quarter. Bank of New York Mellon Corp now owns 393,752 shares of the company’s stock valued at $9,889,000 after acquiring an additional 65,230 shares in the last quarter. HighTower Advisors LLC increased its stake in Invesco Variable Rate Investment Grade ETF by 12.4% in the 3rd quarter. HighTower Advisors LLC now owns 580,746 shares of the company’s stock valued at $14,576,000 after buying an additional 63,859 shares during the period. Resurgent Financial Advisors LLC increased its stake in Invesco Variable Rate Investment Grade ETF by 2.6% in the 3rd quarter. Resurgent Financial Advisors LLC now owns 21,192 shares of the company’s stock valued at $532,000 after buying an additional 534 shares during the period. Finally, Benjamin Edwards Inc. acquired a new position in Invesco Variable Rate Investment Grade ETF in the 3rd quarter valued at approximately $1,639,000.

Invesco Variable Rate Investment Grade ETF Stock Performance

Shares of NASDAQ:VRIG opened at $25.14 on Friday. Invesco Variable Rate Investment Grade ETF has a 52 week low of $25.03 and a 52 week high of $25.24. The firm has a 50 day simple moving average of $25.13 and a 200 day simple moving average of $25.13.

Invesco Variable Rate Investment Grade ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Friday, February 28th. Investors of record on Monday, February 24th were given a $0.1041 dividend. The ex-dividend date of this dividend was Monday, February 24th.

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.