Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) Stock Short Interest Falls 98.0%

Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) was the target of a significant decline in short interest in October. As of October 30th, there was short interest totaling 10,581 shares, a decline of 98.0% from the October 15th total of 519,626 shares. Based on an average trading volume of 1,031,667 shares, the short-interest ratio is currently 0.0 days. Currently, 0.0% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Insight Wealth Strategies LLC purchased a new stake in shares of Invesco Variable Rate Preferred ETF in the second quarter worth about $22,654,000. Mader & Shannon Wealth Management Inc. bought a new position in Invesco Variable Rate Preferred ETF during the third quarter valued at approximately $17,595,000. Park Avenue Securities LLC bought a new position in Invesco Variable Rate Preferred ETF during the third quarter valued at approximately $10,024,000. Westover Capital Advisors LLC bought a new position in Invesco Variable Rate Preferred ETF during the third quarter valued at approximately $9,867,000. Finally, Eagle Harbor Asset Management Inc. ADV purchased a new position in Invesco Variable Rate Preferred ETF during the 3rd quarter valued at approximately $4,216,000.

Invesco Variable Rate Preferred ETF Stock Performance

Shares of NYSEARCA VRP traded down $0.09 during mid-day trading on Tuesday, reaching $23.70. The company’s stock had a trading volume of 745,882 shares, compared to its average volume of 650,985. Invesco Variable Rate Preferred ETF has a 52 week low of $23.47 and a 52 week high of $24.68. The stock has a fifty day moving average of $23.79 and a two-hundred day moving average of $24.18.

Invesco Variable Rate Preferred ETF Company Profile

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.