Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) Short Interest Update

Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) was the recipient of a significant growth in short interest in the month of December. As of December 15th, there was short interest totaling 462,348 shares, a growth of 29.6% from the November 30th total of 356,762 shares. Based on an average trading volume of 552,891 shares, the short-interest ratio is currently 0.8 days. Approximately 0.5% of the shares of the company are short sold. Approximately 0.5% of the shares of the company are short sold. Based on an average trading volume of 552,891 shares, the short-interest ratio is currently 0.8 days.

Invesco Variable Rate Preferred ETF Price Performance

NYSEARCA:VRP traded up $0.04 during mid-day trading on Tuesday, hitting $24.37. 530,939 shares of the stock traded hands, compared to its average volume of 497,221. Invesco Variable Rate Preferred ETF has a 12-month low of $23.03 and a 12-month high of $24.93. The business’s 50-day moving average price is $24.50 and its 200 day moving average price is $24.55.

Institutional Investors Weigh In On Invesco Variable Rate Preferred ETF

Several large investors have recently added to or reduced their stakes in the business. Bank of America Corp DE grew its holdings in shares of Invesco Variable Rate Preferred ETF by 6.2% during the 3rd quarter. Bank of America Corp DE now owns 8,491,380 shares of the company’s stock valued at $209,737,000 after purchasing an additional 497,911 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of Invesco Variable Rate Preferred ETF by 47.8% during the third quarter. JPMorgan Chase & Co. now owns 1,737,992 shares of the company’s stock valued at $42,928,000 after buying an additional 561,811 shares during the last quarter. Envestnet Asset Management Inc. grew its stake in shares of Invesco Variable Rate Preferred ETF by 11.3% during the third quarter. Envestnet Asset Management Inc. now owns 1,628,178 shares of the company’s stock valued at $40,216,000 after buying an additional 165,578 shares during the last quarter. Stephens Inc. AR increased its holdings in shares of Invesco Variable Rate Preferred ETF by 2.2% in the third quarter. Stephens Inc. AR now owns 1,415,320 shares of the company’s stock worth $34,958,000 after buying an additional 30,698 shares during the period. Finally, Advisors Capital Management LLC lifted its stake in shares of Invesco Variable Rate Preferred ETF by 7.3% in the 3rd quarter. Advisors Capital Management LLC now owns 1,296,804 shares of the company’s stock valued at $32,031,000 after acquiring an additional 87,810 shares during the last quarter.

Invesco Variable Rate Preferred ETF Company Profile

The Invesco Variable Rate Preferred ETF (VRP) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund tracks a market-value-weighted index of variable- and floating-rate preferred stocks. VRP was launched on May 1, 2014 and is managed by Invesco.