Short Interest in Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) Rises By 504.9%

Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) saw a significant increase in short interest in June. As of June 30th, there was short interest totaling 391,461 shares, an increase of 504.9% from the June 15th total of 64,715 shares. Based on an average daily trading volume, of 1,030,407 shares, the short-interest ratio is presently 0.4 days. Approximately 0.6% of the shares of the stock are short sold.

Hedge Funds Weigh In On Invesco Variable Rate Investment Grade ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the company. PNC Financial Services Group Inc. purchased a new stake in Invesco Variable Rate Investment Grade ETF during the fourth quarter worth $35,000. 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 buying an additional 1,411 shares in the last quarter. CoreCap Advisors LLC increased its position in shares of Invesco Variable Rate Investment Grade ETF by 64.9% in the fourth quarter. CoreCap Advisors LLC now owns 1,824 shares of the company’s stock valued at $46,000 after buying an additional 718 shares in the last quarter. Evolution Wealth Management Inc. purchased a new position in shares of Invesco Variable Rate Investment Grade ETF in the first quarter valued at $49,000. Finally, Harbor Asset Planning Inc. acquired a new position in shares of Invesco Variable Rate Investment Grade ETF during the 1st quarter worth $80,000.

Invesco Variable Rate Investment Grade ETF Price Performance

Shares of VRIG stock traded up $0.01 during midday trading on Friday, reaching $25.10. 275,777 shares of the company traded hands, compared to its average volume of 478,281. The firm’s 50 day simple moving average is $25.08 and its two-hundred day simple moving average is $25.09. Invesco Variable Rate Investment Grade ETF has a 1-year low of $25.00 and a 1-year high of $25.18.

Invesco Variable Rate Investment Grade ETF Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, June 26th. Investors of record on Monday, June 22nd were paid a $0.0919 dividend. This represents a c) annualized dividend and a yield of 4.4%. The ex-dividend date of this dividend was Monday, June 22nd.

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.