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 April. As of April 30th, there was short interest totaling 417,644 shares, a growth of 196.0% from the April 15th total of 141,115 shares. Approximately 0.4% of the company’s shares are short sold. Based on an average daily volume of 1,065,790 shares, the short-interest ratio is presently 0.4 days.

Hedge Funds Weigh In On Invesco Variable Rate Preferred ETF

Hedge funds and other institutional investors have recently made changes to their positions in the business. NewEdge Advisors LLC increased its holdings in Invesco Variable Rate Preferred ETF by 18.6% in the 1st 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 in the last quarter. First Trust Advisors LP acquired a new position in shares of Invesco Variable Rate Preferred ETF during the second quarter worth about $440,000. Qube Research & Technologies Ltd boosted its position in shares of Invesco Variable Rate Preferred ETF by 33.6% in the second quarter. Qube Research & Technologies Ltd now owns 14,721 shares of the company’s stock worth $360,000 after buying an additional 3,704 shares during the period. Diversify Advisory Services LLC acquired a new stake in shares of Invesco Variable Rate Preferred ETF in the second quarter valued at about $220,000. Finally, Diversify Wealth Management LLC grew its stake in shares of Invesco Variable Rate Preferred ETF by 54.4% in the second quarter. Diversify Wealth Management LLC now owns 27,411 shares of the company’s stock valued at $673,000 after buying an additional 9,663 shares in the last quarter.

Invesco Variable Rate Preferred ETF Stock Performance

VRP remained flat at $24.37 on Thursday. 258,481 shares of the company were exchanged, compared to its average volume of 687,997. Invesco Variable Rate Preferred ETF has a 12-month low of $23.71 and a 12-month high of $24.93. The company’s fifty day simple moving average is $24.24 and its 200 day simple moving average is $24.39.

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.