Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) Sees Significant Drop in Short Interest

Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) was the recipient of a large drop in short interest during the month of December. As of December 31st, there was short interest totaling 131,461 shares, a drop of 71.6% from the December 15th total of 462,348 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average daily volume of 528,964 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily volume of 528,964 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.1% of the company’s shares are sold short.

Hedge Funds Weigh In On Invesco Variable Rate Preferred ETF

Several institutional investors have recently modified their holdings of the business. Nilsine Partners LLC boosted its holdings in Invesco Variable Rate Preferred ETF by 6.8% in the fourth quarter. Nilsine Partners LLC now owns 270,699 shares of the company’s stock valued at $6,586,000 after purchasing an additional 17,185 shares during the period. Wealthcare Advisory Partners LLC grew its holdings in Invesco Variable Rate Preferred ETF by 13.5% during the 4th quarter. Wealthcare Advisory Partners LLC now owns 255,599 shares of the company’s stock worth $6,219,000 after acquiring an additional 30,409 shares in the last quarter. Cadent Capital Advisors LLC acquired a new stake in shares of Invesco Variable Rate Preferred ETF in the 4th quarter valued at $485,000. Evolution Wealth Advisors LLC grew its stake in shares of Invesco Variable Rate Preferred ETF by 0.5% during the fourth quarter. Evolution Wealth Advisors LLC now owns 448,511 shares of the company’s stock worth $10,912,000 after purchasing an additional 2,022 shares in the last quarter. Finally, Dynamic Advisor Solutions LLC raised its stake in Invesco Variable Rate Preferred ETF by 22.1% in the fourth quarter. Dynamic Advisor Solutions LLC now owns 21,620 shares of the company’s stock valued at $526,000 after buying an additional 3,920 shares in the last quarter.

Invesco Variable Rate Preferred ETF Price Performance

Shares of Invesco Variable Rate Preferred ETF stock traded up $0.02 on Thursday, reaching $24.49. The company had a trading volume of 563,242 shares, compared to its average volume of 648,004. The firm’s 50 day moving average price is $24.44 and its two-hundred day moving average price is $24.55. Invesco Variable Rate Preferred ETF has a 52-week low of $23.03 and a 52-week high of $24.93.

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.