Invesco Variable Rate Preferred ETF (NYSEARCA:VRP – Get Free Report) was the target of a large decline in short interest in May. As of May 29th, there was short interest totaling 189,733 shares, a decline of 67.9% from the May 14th total of 591,660 shares. Based on an average daily volume of 682,740 shares, the short-interest ratio is currently 0.3 days. Currently, 0.2% of the company’s stock are sold short.
Institutional Investors Weigh In On Invesco Variable Rate Preferred ETF
A number of hedge funds and other institutional investors have recently bought and sold shares of VRP. International Assets Investment Management LLC acquired a new stake in Invesco Variable Rate Preferred ETF in the 4th quarter valued at approximately $51,000. Private Trust Co. NA raised its position in Invesco Variable Rate Preferred ETF by 165.2% in the 4th quarter. Private Trust Co. NA now owns 2,209 shares of the company’s stock valued at $54,000 after buying an additional 1,376 shares during the last quarter. LFA Lugano Financial Advisors SA raised its position in Invesco Variable Rate Preferred ETF by 136.8% in the 4th quarter. LFA Lugano Financial Advisors SA now owns 5,067 shares of the company’s stock valued at $123,000 after buying an additional 2,927 shares during the last quarter. Luken Investment Analytics LLC acquired a new stake in Invesco Variable Rate Preferred ETF in the 4th quarter valued at approximately $135,000. Finally, Ascentis Independent Advisors acquired a new stake in Invesco Variable Rate Preferred ETF in the 1st quarter valued at approximately $141,000.
Invesco Variable Rate Preferred ETF Trading Up 0.1%
Shares of NYSEARCA:VRP traded up $0.03 during trading on Friday, hitting $24.37. 285,426 shares of the company’s stock traded hands, compared to its average volume of 657,001. Invesco Variable Rate Preferred ETF has a 52 week low of $23.71 and a 52 week high of $24.93. The company has a 50-day moving average price of $24.31 and a 200-day moving average price of $24.35.
Invesco Variable Rate Preferred ETF Company Profile
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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