Invesco Variable Rate Preferred ETF (NYSEARCA:VRP – Get Free Report) was the recipient of a significant decrease in short interest during the month of October. As of October 30th, there was short interest totaling 10,581 shares, a decrease of 98.0% from the October 15th total of 519,626 shares. Based on an average daily trading volume, of 1,031,667 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the company’s stock are short sold.
Invesco Variable Rate Preferred ETF Trading Down 0.3%
Shares of NYSEARCA:VRP traded down $0.07 during trading on Thursday, reaching $23.63. The stock had a trading volume of 429,198 shares, compared to its average volume of 649,608. Invesco Variable Rate Preferred ETF has a 52 week low of $23.47 and a 52 week high of $24.68. The stock has a fifty day simple moving average of $23.79 and a two-hundred day simple moving average of $24.17.
Institutional Investors Weigh In On Invesco Variable Rate Preferred ETF
Several large investors have recently modified their holdings of VRP. Insight Wealth Strategies LLC acquired a new stake in shares of Invesco Variable Rate Preferred ETF in the second quarter valued at $22,654,000. Mader & Shannon Wealth Management Inc. acquired a new position in Invesco Variable Rate Preferred ETF during the 3rd quarter worth about $17,595,000. Benjamin Edwards Inc. acquired a new position in Invesco Variable Rate Preferred ETF during the 3rd quarter worth about $10,457,000. Park Avenue Securities LLC bought a new stake in Invesco Variable Rate Preferred ETF during the 3rd quarter worth about $10,024,000. Finally, Westover Capital Advisors LLC bought a new stake in Invesco Variable Rate Preferred ETF during the 3rd quarter worth about $9,867,000.
About Invesco Variable Rate Preferred ETF
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.
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