Invesco Variable Rate Preferred ETF (NYSEARCA:VRP – Get Free Report) was the target of a large growth in short interest in May. As of May 31st, there was short interest totalling 348,600 shares, a growth of 51.5% from the May 15th total of 230,100 shares. Based on an average daily volume of 469,400 shares, the days-to-cover ratio is presently 0.7 days. Currently, 0.4% of the shares of the stock are short sold.
Invesco Variable Rate Preferred ETF Trading Down 0.1%
Shares of VRP opened at $24.36 on Wednesday. The company has a 50-day simple moving average of $24.05 and a 200-day simple moving average of $24.20. Invesco Variable Rate Preferred ETF has a 52-week low of $23.03 and a 52-week high of $24.67.
Hedge Funds Weigh In On Invesco Variable Rate Preferred ETF
Large investors have recently made changes to their positions in the stock. Boyd Watterson Asset Management LLC OH purchased a new position in Invesco Variable Rate Preferred ETF during the 4th quarter valued at about $27,000. Mechanics Financial Corp purchased a new position in Invesco Variable Rate Preferred ETF during the 4th quarter valued at about $27,000. Smallwood Wealth Investment Management LLC purchased a new position in Invesco Variable Rate Preferred ETF during the 1st quarter valued at about $35,000. Harbour Investments Inc. increased its holdings in Invesco Variable Rate Preferred ETF by 238.7% during the 4th quarter. Harbour Investments Inc. now owns 2,838 shares of the company’s stock valued at $69,000 after acquiring an additional 2,000 shares in the last quarter. Finally, Westend Capital Management LLC purchased a new position in Invesco Variable Rate Preferred ETF during the 1st quarter valued at about $107,000.
About Invesco Variable Rate Preferred ETF
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.
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