Short Interest in Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) Decreases By 65.9%

Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) saw a significant drop in short interest in March. As of March 31st, there was short interest totalling 131,800 shares, a drop of 65.9% from the March 15th total of 386,700 shares. Based on an average daily volume of 612,100 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.2% of the company’s stock are sold short.

Institutional Trading of Invesco Variable Rate Investment Grade ETF

Hedge funds and other institutional investors have recently bought and sold shares of the stock. UMB Bank n.a. purchased a new stake in shares of Invesco Variable Rate Investment Grade ETF in the first quarter valued at approximately $26,000. JPMorgan Chase & Co. increased its holdings in Invesco Variable Rate Investment Grade ETF by 485.9% in the 4th quarter. JPMorgan Chase & Co. now owns 3,451 shares of the company’s stock worth $87,000 after acquiring an additional 2,862 shares in the last quarter. Mpwm Advisory Solutions LLC acquired a new position in Invesco Variable Rate Investment Grade ETF during the fourth quarter worth $87,000. Golden State Wealth Management LLC purchased a new position in Invesco Variable Rate Investment Grade ETF during the fourth quarter valued at $100,000. Finally, NBC Securities Inc. grew its position in shares of Invesco Variable Rate Investment Grade ETF by 105,360.0% in the first quarter. NBC Securities Inc. now owns 5,273 shares of the company’s stock valued at $132,000 after purchasing an additional 5,268 shares during the period.

Invesco Variable Rate Investment Grade ETF Stock Up 0.0 %

Shares of NASDAQ:VRIG opened at $25.00 on Wednesday. The business’s 50-day moving average is $25.09 and its 200 day moving average is $25.11. Invesco Variable Rate Investment Grade ETF has a 1 year low of $24.79 and a 1 year high of $25.24.

Invesco Variable Rate Investment Grade ETF Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Friday, March 28th. Stockholders of record on Monday, March 24th were issued a $0.0986 dividend. The ex-dividend date was Monday, March 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.