Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) Short Interest Down 31.0% in January

Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) was the recipient of a significant drop in short interest during the month of January. As of January 30th, there was short interest totaling 167,618 shares, a drop of 31.0% from the January 15th total of 242,817 shares. Approximately 0.2% of the company’s stock are short sold. Based on an average daily trading volume, of 610,352 shares, the days-to-cover ratio is currently 0.3 days. Based on an average daily trading volume, of 610,352 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.2% of the company’s stock are short sold.

Hedge Funds Weigh In On Invesco Variable Rate Preferred ETF

Hedge funds and other institutional investors have recently modified their holdings of the business. Nordwand Advisors LLC purchased a new stake in shares of Invesco Variable Rate Preferred ETF during the second quarter valued at approximately $39,000. International Assets Investment Management LLC purchased a new stake in shares of Invesco Variable Rate Preferred ETF during the 4th quarter valued at $51,000. Private Trust Co. NA increased its position in shares of Invesco Variable Rate Preferred ETF by 165.2% during the 4th quarter. Private Trust Co. NA now owns 2,209 shares of the company’s stock valued at $54,000 after purchasing an additional 1,376 shares during the last quarter. LFA Lugano Financial Advisors SA raised its stake in shares of Invesco Variable Rate Preferred ETF by 136.8% during the 4th quarter. LFA Lugano Financial Advisors SA now owns 5,067 shares of the company’s stock worth $123,000 after purchasing an additional 2,927 shares during the period. Finally, Luken Investment Analytics LLC purchased a new position in shares of Invesco Variable Rate Preferred ETF in the 4th quarter worth about $135,000.

Invesco Variable Rate Preferred ETF Price Performance

NYSEARCA VRP traded up $0.02 during trading hours on Friday, hitting $24.55. The company’s stock had a trading volume of 240,340 shares, compared to its average volume of 607,375. Invesco Variable Rate Preferred ETF has a 52 week low of $23.03 and a 52 week high of $24.93. The company’s 50-day simple moving average is $24.42 and its two-hundred day simple moving average is $24.54.

Invesco Variable Rate Preferred ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Friday, January 23rd. Investors of record on Tuesday, January 20th were issued a dividend of $0.1019 per share. The ex-dividend date was Tuesday, January 20th. This represents a c) annualized dividend and a yield of 5.0%.

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.