Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) Short Interest Update

Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) was the target of a significant decrease in short interest in the month of July. As of July 31st, there was short interest totaling 458,294 shares, a decrease of 55.7% from the July 15th total of 1,034,212 shares. Approximately 0.6% of the company’s shares are sold short. Based on an average daily trading volume, of 467,137 shares, the short-interest ratio is presently 1.0 days.

Institutional Trading of Invesco Variable Rate Investment Grade ETF

Several institutional investors and hedge funds have recently bought and sold shares of the company. PNC Financial Services Group Inc. bought a new position in Invesco Variable Rate Investment Grade ETF during the 4th quarter worth $35,000. Sound Income Strategies LLC boosted its holdings in shares of Invesco Variable Rate Investment Grade ETF by 141,100.0% during the first quarter. Sound Income Strategies LLC now owns 1,412 shares of the company’s stock valued at $35,000 after acquiring an additional 1,411 shares during the period. Evolution Wealth Management Inc. bought a new position in shares of Invesco Variable Rate Investment Grade ETF during the first quarter worth about $49,000. Harbor Asset Planning Inc. acquired a new stake in shares of Invesco Variable Rate Investment Grade ETF in the 1st quarter worth about $80,000. Finally, Matrix Private Capital Group LLC acquired a new stake in shares of Invesco Variable Rate Investment Grade ETF in the 1st quarter worth about $145,000.

Invesco Variable Rate Investment Grade ETF Price Performance

NASDAQ VRIG opened at $25.11 on Friday. Invesco Variable Rate Investment Grade ETF has a 12 month low of $25.00 and a 12 month high of $25.18. The company has a 50-day moving average of $25.09 and a 200-day moving average of $25.09.

Invesco Variable Rate Investment Grade ETF Dividend Announcement

The company also recently disclosed a dividend, which was paid on Friday, July 24th. Shareholders of record on Monday, July 20th were issued a $0.0922 dividend. The ex-dividend date was Monday, July 20th.

Invesco Variable Rate Investment Grade ETF Company Profile

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.