Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) Short Interest Update

Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) was the recipient of a significant decline in short interest during the month of May. As of May 29th, there was short interest totaling 189,733 shares, a decline of 67.9% from the May 14th total of 591,660 shares. Currently, 0.2% of the shares of the stock are short sold. Based on an average daily volume of 682,740 shares, the days-to-cover ratio is currently 0.3 days.

Invesco Variable Rate Preferred ETF Stock Up 0.0%

VRP traded up $0.01 during trading on Thursday, reaching $24.31. 176,986 shares of the stock were exchanged, compared to its average volume of 656,537. Invesco Variable Rate Preferred ETF has a 1 year low of $23.71 and a 1 year high of $24.93. The business’s 50 day moving average price is $24.30 and its two-hundred day moving average price is $24.35.

Institutional Trading of Invesco Variable Rate Preferred ETF

Several institutional investors and hedge funds have recently made changes to their positions in VRP. International Assets Investment Management LLC acquired a new stake in shares of Invesco Variable Rate Preferred ETF during the 4th quarter worth about $51,000. Private Trust Co. NA increased its holdings 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 worth $54,000 after buying an additional 1,376 shares during the last quarter. LFA Lugano Financial Advisors SA increased its stake in Invesco Variable Rate Preferred ETF by 136.8% during the fourth quarter. LFA Lugano Financial Advisors SA now owns 5,067 shares of the company’s stock worth $123,000 after acquiring an additional 2,927 shares during the last quarter. Luken Investment Analytics LLC acquired a new stake in Invesco Variable Rate Preferred ETF during the 4th quarter worth approximately $135,000. Finally, Ascentis Independent Advisors purchased a new position in shares of Invesco Variable Rate Preferred ETF in the 1st quarter valued at $141,000.

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.