Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) Short Interest Update

Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) saw a large decrease in short interest in the month of May. As of May 29th, there was short interest totaling 90,789 shares, a decrease of 78.1% from the May 14th total of 414,353 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average daily volume of 377,259 shares, the days-to-cover ratio is presently 0.2 days.

Hedge Funds Weigh In On Invesco Variable Rate Investment Grade ETF

A number of large investors have recently bought and sold shares of the business. Richmond Investment Services LLC raised its holdings in Invesco Variable Rate Investment Grade ETF by 2.3% in the 4th quarter. Richmond Investment Services LLC now owns 21,303 shares of the company’s stock worth $535,000 after purchasing an additional 471 shares during the period. Blair William & Co. IL raised its holdings in Invesco Variable Rate Investment Grade ETF by 5.7% in the 4th quarter. Blair William & Co. IL now owns 8,871 shares of the company’s stock worth $223,000 after purchasing an additional 476 shares during the period. Thoroughbred Financial Services LLC raised its holdings in Invesco Variable Rate Investment Grade ETF by 1.1% in the 3rd quarter. Thoroughbred Financial Services LLC now owns 47,981 shares of the company’s stock worth $1,204,000 after purchasing an additional 511 shares during the period. Global Retirement Partners LLC raised its holdings in Invesco Variable Rate Investment Grade ETF by 3.8% in the 4th quarter. Global Retirement Partners LLC now owns 15,452 shares of the company’s stock worth $388,000 after purchasing an additional 568 shares during the period. Finally, Nations Financial Group Inc. IA ADV raised its holdings in Invesco Variable Rate Investment Grade ETF by 1.9% in the 4th quarter. Nations Financial Group Inc. IA ADV now owns 31,570 shares of the company’s stock worth $792,000 after purchasing an additional 585 shares during the period.

Invesco Variable Rate Investment Grade ETF Stock Performance

NASDAQ VRIG traded up $0.01 during trading hours on Thursday, reaching $25.10. The company’s stock had a trading volume of 85,018 shares, compared to its average volume of 423,373. Invesco Variable Rate Investment Grade ETF has a 1-year low of $25.00 and a 1-year high of $25.18. The company’s 50-day moving average is $25.07 and its two-hundred day moving average is $25.09.

Invesco Variable Rate Investment Grade ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, May 22nd. Investors of record on Monday, May 18th were issued a $0.0937 dividend. This represents a c) dividend on an annualized basis and a yield of 4.5%. The ex-dividend date of this dividend was Monday, May 18th. This is a positive change from Invesco Variable Rate Investment Grade ETF’s previous monthly dividend of $0.09.

Invesco Variable Rate Investment Grade ETF Company Profile

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.