Invesco Variable Rate Preferred ETF (NYSEARCA:VRP – Get Free Report) was the recipient of a large growth in short interest in July. As of July 31st, there was short interest totaling 977,645 shares, a growth of 517.9% from the July 15th total of 158,210 shares. Based on an average daily volume of 534,781 shares, the short-interest ratio is currently 1.8 days. Approximately 0.8% of the shares of the stock are short sold.
Hedge Funds Weigh In On Invesco Variable Rate Preferred ETF
A number of institutional investors have recently modified their holdings of VRP. International Assets Investment Management LLC acquired a new position in shares of Invesco Variable Rate Preferred ETF during the fourth quarter worth approximately $51,000. Private Trust Co. NA lifted its holdings in Invesco Variable Rate Preferred ETF by 165.2% during the 4th quarter. Private Trust Co. NA now owns 2,209 shares of the company’s stock worth $54,000 after buying an additional 1,376 shares in the last quarter. LFA Lugano Financial Advisors SA boosted 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 bought a new position in Invesco Variable Rate Preferred ETF in the 4th quarter valued at $135,000. Finally, Ascentis Independent Advisors acquired a new stake in shares of Invesco Variable Rate Preferred ETF in the 1st quarter valued at $141,000.
Invesco Variable Rate Preferred ETF Stock Performance
Invesco Variable Rate Preferred ETF stock remained flat at $24.20 on Wednesday. The company’s stock had a trading volume of 74,854 shares, compared to its average volume of 634,072. The company’s fifty day moving average is $24.30 and its two-hundred day moving average is $24.32. Invesco Variable Rate Preferred ETF has a one year low of $23.71 and a one year high of $24.93.
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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