Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) Short Interest Down 65.7% in March

Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) saw a large decrease in short interest in the month of March. As of March 13th, there was short interest totaling 156,418 shares, a decrease of 65.7% from the February 26th total of 456,082 shares. Approximately 0.2% of the company’s stock are short sold. Based on an average daily volume of 539,565 shares, the short-interest ratio is currently 0.3 days. Based on an average daily volume of 539,565 shares, the short-interest ratio is currently 0.3 days. Approximately 0.2% of the company’s stock are short sold.

Institutional Investors Weigh In On Invesco Variable Rate Preferred ETF

Institutional investors have recently modified their holdings of the stock. NewEdge Advisors LLC boosted its position in Invesco Variable Rate Preferred ETF by 18.6% during 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. JPMorgan Chase & Co. increased its position in Invesco Variable Rate Preferred ETF by 30.2% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,176,181 shares of the company’s stock worth $28,758,000 after purchasing an additional 272,670 shares during the last quarter. Franklin Resources Inc. raised its stake in shares of Invesco Variable Rate Preferred ETF by 57,016.9% during the 2nd quarter. Franklin Resources Inc. now owns 169,066 shares of the company’s stock worth $4,134,000 after purchasing an additional 168,770 shares in the last quarter. Global Retirement Partners LLC purchased a new stake in shares of Invesco Variable Rate Preferred ETF during the 2nd quarter worth about $1,083,000. Finally, Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Invesco Variable Rate Preferred ETF by 20.1% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 146,993 shares of the company’s stock valued at $3,594,000 after buying an additional 24,609 shares during the last quarter.

Invesco Variable Rate Preferred ETF Price Performance

Shares of NYSEARCA VRP traded up $0.06 during mid-day trading on Wednesday, reaching $24.05. The company had a trading volume of 25,832 shares, compared to its average volume of 535,345. The stock has a fifty day moving average of $24.41 and a two-hundred day moving average of $24.51. Invesco Variable Rate Preferred ETF has a 12-month low of $23.03 and a 12-month high of $24.93.

Invesco Variable Rate Preferred ETF Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Friday, February 27th. Shareholders of record on Monday, February 23rd were given a $0.1019 dividend. The ex-dividend date was Monday, February 23rd. This represents a c) dividend on an annualized basis and a yield of 5.1%.

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.