Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) Sees Significant Growth in Short Interest

Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) was the target of a large growth in short interest in January. As of January 15th, there was short interest totaling 242,817 shares, a growth of 84.7% from the December 31st total of 131,461 shares. Currently, 0.2% of the shares of the stock are short sold. Based on an average daily volume of 648,051 shares, the days-to-cover ratio is presently 0.4 days. Based on an average daily volume of 648,051 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.2% of the shares of the stock are short sold.

Invesco Variable Rate Preferred ETF Stock Up 0.0%

VRP traded up $0.01 during trading on Friday, reaching $24.44. 371,019 shares of the stock were exchanged, compared to its average volume of 629,146. The business’s 50 day moving average price is $24.41 and its two-hundred day moving average price is $24.54. Invesco Variable Rate Preferred ETF has a 1 year low of $23.03 and a 1 year high of $24.93.

Invesco Variable Rate Preferred ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Friday, January 23rd. Shareholders of record on Tuesday, January 20th were paid a dividend of $0.1019 per share. This represents a c) annualized dividend and a dividend yield of 5.0%. The ex-dividend date of this dividend was Tuesday, January 20th.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Nordwand Advisors LLC acquired a new stake in shares of Invesco Variable Rate Preferred ETF in the second quarter worth $39,000. Private Trust Co. NA raised its position in shares of Invesco Variable Rate Preferred ETF by 165.2% during the 4th quarter. Private Trust Co. NA now owns 2,209 shares of the company’s stock valued at $54,000 after acquiring an additional 1,376 shares in the last quarter. LFA Lugano Financial Advisors SA raised its stake in Invesco Variable Rate Preferred ETF by 136.8% during the fourth quarter. LFA Lugano Financial Advisors SA now owns 5,067 shares of the company’s stock worth $123,000 after acquiring an additional 2,927 shares during the period. Advisors Preferred LLC increased its position in Invesco Variable Rate Preferred ETF by 296.9% in the third quarter. Advisors Preferred LLC now owns 6,612 shares of the company’s stock worth $164,000 after buying an additional 4,946 shares during the period. Finally, Crumly & Associates Inc. bought a new position in Invesco Variable Rate Preferred ETF in the 3rd quarter worth about $212,000.

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.