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

Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) saw a significant increase in short interest in the month of February. As of February 13th, there was short interest totaling 225,430 shares, an increase of 34.5% from the January 29th total of 167,618 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average daily trading volume, of 563,872 shares, the short-interest ratio is presently 0.4 days. Based on an average daily trading volume, of 563,872 shares, the short-interest ratio is presently 0.4 days. Approximately 0.2% of the shares of the company are sold short.

Invesco Variable Rate Preferred ETF Stock Performance

Shares of NYSEARCA VRP traded down $0.04 during midday trading on Monday, reaching $24.43. 296,796 shares of the company were exchanged, compared to its average volume of 562,622. Invesco Variable Rate Preferred ETF has a 1 year low of $23.03 and a 1 year high of $24.93. The stock has a fifty day simple moving average of $24.44 and a 200 day simple moving average of $24.55.

Invesco Variable Rate Preferred ETF Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Friday, February 27th. Investors of record on Monday, February 23rd were issued a dividend of $0.1019 per share. The ex-dividend date of this dividend was Monday, February 23rd. This represents a c) annualized dividend and a dividend yield of 5.0%.

Hedge Funds Weigh In On Invesco Variable Rate Preferred ETF

A number of large investors have recently bought and sold shares of the company. NewEdge Advisors LLC grew its holdings in Invesco Variable Rate Preferred ETF by 18.6% in the first quarter. NewEdge Advisors LLC now owns 16,791 shares of the company’s stock valued at $407,000 after purchasing an additional 2,636 shares during the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of Invesco Variable Rate Preferred ETF by 11.6% during the 2nd quarter. Envestnet Asset Management Inc. now owns 1,462,600 shares of the company’s stock worth $35,761,000 after acquiring an additional 152,363 shares during the period. Keybank National Association OH purchased a new stake in shares of Invesco Variable Rate Preferred ETF during the 2nd quarter valued at $241,000. Atria Investments Inc increased its stake in Invesco Variable Rate Preferred ETF by 976.0% during the second quarter. Atria Investments Inc now owns 98,313 shares of the company’s stock worth $2,404,000 after acquiring an additional 89,176 shares during the last quarter. Finally, New Millennium Group LLC increased its position in Invesco Variable Rate Preferred ETF by 2.6% during the 2nd quarter. New Millennium Group LLC now owns 124,305 shares of the company’s stock worth $3,039,000 after purchasing an additional 3,186 shares in 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.