Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) Short Interest Up 34.5% in February

Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) was the recipient of a significant increase in short interest in the month of February. As of February 13th, there was short interest totaling 225,430 shares, an increase of 34.5% from the January 29th total of 167,618 shares. Approximately 0.2% of the shares of the stock are short sold. Based on an average daily volume of 563,872 shares, the short-interest ratio is presently 0.4 days. Based on an average daily volume of 563,872 shares, the short-interest ratio is presently 0.4 days. Approximately 0.2% of the shares of the stock are short sold.

Institutional Investors Weigh In On Invesco Variable Rate Preferred ETF

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

Invesco Variable Rate Preferred ETF Trading Up 0.2%

Shares of VRP stock traded up $0.04 during trading hours on Wednesday, hitting $24.44. The company had a trading volume of 321,781 shares, compared to its average volume of 556,919. Invesco Variable Rate Preferred ETF has a 12 month low of $23.03 and a 12 month high of $24.93. The firm’s fifty day moving average is $24.45 and its 200 day moving average is $24.55.

Invesco Variable Rate Preferred ETF Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Friday, February 27th. Shareholders of record on Monday, February 23rd were paid a dividend of $0.1019 per share. This represents a c) annualized dividend and a yield of 5.0%. The ex-dividend date was Monday, February 23rd.

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.