Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) Short Interest Down 55.7% in July

Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) saw a significant drop in short interest during the month of July. As of July 31st, there was short interest totaling 458,294 shares, a drop of 55.7% from the July 15th total of 1,034,212 shares. Approximately 0.6% of the shares of the company are short sold. Based on an average daily trading volume, of 467,137 shares, the days-to-cover ratio is presently 1.0 days.

Institutional Investors Weigh In On Invesco Variable Rate Investment Grade ETF

Hedge funds have recently made changes to their positions in the business. Jane Street Group LLC acquired a new stake in Invesco Variable Rate Investment Grade ETF in the 1st quarter valued at approximately $1,235,000. JPMorgan Chase & Co. increased its holdings in shares of Invesco Variable Rate Investment Grade ETF by 64.1% during the second quarter. JPMorgan Chase & Co. now owns 37,912 shares of the company’s stock valued at $950,000 after purchasing an additional 14,805 shares during the period. First Trust Advisors LP raised its stake in shares of Invesco Variable Rate Investment Grade ETF by 4.8% during the second quarter. First Trust Advisors LP now owns 117,855 shares of the company’s stock valued at $2,952,000 after purchasing an additional 5,351 shares in the last quarter. NewEdge Advisors LLC raised its stake in shares of Invesco Variable Rate Investment Grade ETF by 6.4% during the second quarter. NewEdge Advisors LLC now owns 27,320 shares of the company’s stock valued at $684,000 after purchasing an additional 1,641 shares in the last quarter. Finally, Raymond James Financial Inc. lifted its holdings in Invesco Variable Rate Investment Grade ETF by 26.3% in the second quarter. Raymond James Financial Inc. now owns 385,708 shares of the company’s stock worth $9,662,000 after purchasing an additional 80,277 shares during the period.

Invesco Variable Rate Investment Grade ETF Stock Performance

Shares of VRIG remained flat at $25.11 during midday trading on Friday. 335,736 shares of the stock traded hands, compared to its average volume of 482,207. Invesco Variable Rate Investment Grade ETF has a 52 week low of $25.00 and a 52 week high of $25.18. The company’s fifty day simple moving average is $25.09 and its 200 day simple moving average is $25.09.

Invesco Variable Rate Investment Grade ETF Dividend Announcement

The company also recently announced a dividend, which was paid on Friday, July 24th. Shareholders of record on Monday, July 20th were given a $0.0922 dividend. The ex-dividend date was Monday, July 20th.

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. VRIG was launched on Sep 22, 2016 and is managed by Invesco.