Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) Short Interest Up 344.8% in May

Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) was the recipient of a large growth in short interest during the month of May. As of May 15th, there was short interest totaling 414,353 shares, a growth of 344.8% from the April 30th total of 93,147 shares. Based on an average trading volume of 370,068 shares, the short-interest ratio is presently 1.1 days. Currently, 0.7% of the company’s shares are short sold.

Institutional Investors Weigh In On Invesco Variable Rate Investment Grade ETF

A number of institutional investors and hedge funds have recently modified their holdings of the business. Truist Financial Corp lifted its stake in Invesco Variable Rate Investment Grade ETF by 135.2% in the third quarter. Truist Financial Corp now owns 138,266 shares of the company’s stock worth $3,470,000 after acquiring an additional 79,490 shares during the period. KMG Fiduciary Partners LLC lifted its stake in Invesco Variable Rate Investment Grade ETF by 32.8% in the fourth quarter. KMG Fiduciary Partners LLC now owns 231,516 shares of the company’s stock worth $5,811,000 after acquiring an additional 57,137 shares during the period. Wealthcare Advisory Partners LLC lifted its stake in Invesco Variable Rate Investment Grade ETF by 2,463.6% in the third quarter. Wealthcare Advisory Partners LLC now owns 480,464 shares of the company’s stock worth $12,060,000 after acquiring an additional 461,722 shares during the period. Laffer Tengler Investments Inc. lifted its stake in Invesco Variable Rate Investment Grade ETF by 118.3% in the third quarter. Laffer Tengler Investments Inc. now owns 189,370 shares of the company’s stock worth $4,753,000 after acquiring an additional 102,628 shares during the period. Finally, Cherry Creek Investment Advisors Inc. lifted its stake in Invesco Variable Rate Investment Grade ETF by 3.1% in the fourth quarter. Cherry Creek Investment Advisors Inc. now owns 696,853 shares of the company’s stock worth $17,491,000 after acquiring an additional 21,021 shares during the period.

Invesco Variable Rate Investment Grade ETF Price Performance

Shares of VRIG stock opened at $25.07 on Friday. Invesco Variable Rate Investment Grade ETF has a 52-week low of $25.00 and a 52-week high of $25.18. The stock has a 50 day moving average price of $25.06 and a 200 day moving average price of $25.10.

Invesco Variable Rate Investment Grade ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, May 22nd. Investors of record on Monday, May 18th were paid a dividend of $0.0937 per share. The ex-dividend date of this dividend was Monday, May 18th. This represents a c) dividend on an annualized basis and a dividend yield of 4.5%. This is an increase from Invesco Variable Rate Investment Grade ETF’s previous monthly dividend of $0.09.

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.