Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) Short Interest Up 164.2% in July

Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) was the target of a significant growth in short interest in the month of July. As of July 15th, there was short interest totaling 1,034,212 shares, a growth of 164.2% from the June 30th total of 391,461 shares. Based on an average daily trading volume, of 613,708 shares, the short-interest ratio is presently 1.7 days. Currently, 1.5% of the shares of the company are sold short.

Invesco Variable Rate Investment Grade ETF Price Performance

Shares of VRIG remained flat at $25.05 during trading hours on Monday. 254,347 shares of the stock were exchanged, compared to its average volume of 479,994. Invesco Variable Rate Investment Grade ETF has a 12-month low of $25.00 and a 12-month high of $25.18. The stock has a 50-day simple moving average of $25.08 and a two-hundred day simple moving average of $25.09.

Invesco Variable Rate Investment Grade ETF Announces Dividend

The company also recently declared a dividend, which was paid on Friday, July 24th. Shareholders of record on Monday, July 20th were given a dividend of $0.0922 per share. The ex-dividend date of this dividend was Monday, July 20th.

Institutional Trading of Invesco Variable Rate Investment Grade ETF

Large investors have recently added to or reduced their stakes in the company. Vectors Research Management LLC lifted its holdings in shares of Invesco Variable Rate Investment Grade ETF by 8.6% during the fourth quarter. Vectors Research Management LLC now owns 342,509 shares of the company’s stock worth $8,597,000 after purchasing an additional 27,154 shares during the period. Cherry Creek Investment Advisors Inc. increased its holdings in Invesco Variable Rate Investment Grade ETF by 3.1% in the 4th quarter. Cherry Creek Investment Advisors Inc. now owns 696,853 shares of the company’s stock worth $17,491,000 after buying an additional 21,021 shares during the period. HighTower Advisors LLC increased its holdings in Invesco Variable Rate Investment Grade ETF by 19.2% in the 4th quarter. HighTower Advisors LLC now owns 398,615 shares of the company’s stock worth $10,005,000 after buying an additional 64,308 shares during the period. Wilian Securities LLC purchased a new position in Invesco Variable Rate Investment Grade ETF during the 4th quarter worth approximately $1,455,000. Finally, Harfst & Associates Inc. raised its position in Invesco Variable Rate Investment Grade ETF by 140.2% during the 4th quarter. Harfst & Associates Inc. now owns 344,096 shares of the company’s stock worth $8,637,000 after buying an additional 200,845 shares during the last quarter.

About Invesco Variable Rate Investment Grade ETF

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.