Short Interest in Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) Declines By 75.3%

Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) was the target of a large decline in short interest in the month of August. As of August 31st, there was short interest totaling 105,617 shares, a decline of 75.3% from the August 15th total of 427,053 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily volume of 349,993 shares, the short-interest ratio is currently 0.3 days.

Institutional Investors Weigh In On Invesco Variable Rate Investment Grade ETF

Several institutional investors have recently added to or reduced their stakes in the company. Sound Income Strategies LLC increased its position in shares of Invesco Variable Rate Investment Grade ETF by 141,100.0% in 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. PNC Financial Services Group Inc. bought a new stake in shares of Invesco Variable Rate Investment Grade ETF in the fourth quarter worth about $35,000. Evolution Wealth Management Inc. bought a new stake in shares of Invesco Variable Rate Investment Grade ETF in the first quarter worth about $49,000. Harbor Asset Planning Inc. purchased a new position in Invesco Variable Rate Investment Grade ETF during the 1st quarter valued at about $80,000. Finally, NorthLanding Financial Partners LLC purchased a new position in Invesco Variable Rate Investment Grade ETF during the 2nd quarter valued at about $131,000.

Invesco Variable Rate Investment Grade ETF Trading Down 0.0%

Shares of VRIG stock opened at $25.07 on Friday. Invesco Variable Rate Investment Grade ETF has a fifty-two week low of $25.00 and a fifty-two week high of $25.18. The stock has a 50 day moving average price of $25.08 and a two-hundred day moving average price of $25.08.

Invesco Variable Rate Investment Grade ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Friday, August 28th. Investors of record on Monday, August 24th were issued a dividend of $0.0912 per share. This represents a c) dividend on an annualized basis and a yield of 4.4%. The ex-dividend date was Monday, August 24th.

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.