Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG – Get Free Report) was the recipient of a significant increase in short interest in the month of May. As of May 15th, there was short interest totaling 414,353 shares, an increase of 344.8% from the April 30th total of 93,147 shares. Currently, 0.7% of the shares of the company are sold short. Based on an average daily volume of 370,068 shares, the days-to-cover ratio is currently 1.1 days.
Hedge Funds Weigh In On Invesco Variable Rate Investment Grade ETF
Hedge funds have recently added to or reduced their stakes in the business. Truist Financial Corp boosted its holdings 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 purchasing an additional 79,490 shares during the period. KMG Fiduciary Partners LLC boosted its holdings in shares of Invesco Variable Rate Investment Grade ETF by 32.8% during the fourth quarter. KMG Fiduciary Partners LLC now owns 231,516 shares of the company’s stock valued at $5,811,000 after acquiring an additional 57,137 shares during the period. Wealthcare Advisory Partners LLC boosted its holdings in shares of Invesco Variable Rate Investment Grade ETF by 2,463.6% during the third quarter. Wealthcare Advisory Partners LLC now owns 480,464 shares of the company’s stock valued at $12,060,000 after acquiring an additional 461,722 shares during the period. Laffer Tengler Investments Inc. boosted its holdings in shares of Invesco Variable Rate Investment Grade ETF by 118.3% during the third quarter. Laffer Tengler Investments Inc. now owns 189,370 shares of the company’s stock valued at $4,753,000 after acquiring an additional 102,628 shares during the period. Finally, Cherry Creek Investment Advisors Inc. boosted its holdings in shares of Invesco Variable Rate Investment Grade ETF by 3.1% during the fourth quarter. Cherry Creek Investment Advisors Inc. now owns 696,853 shares of the company’s stock valued at $17,491,000 after acquiring an additional 21,021 shares during the period.
Invesco Variable Rate Investment Grade ETF Price Performance
Invesco Variable Rate Investment Grade ETF stock remained flat at $25.07 during mid-day trading on Friday. 382,254 shares of the company’s stock were exchanged, compared to its average volume of 437,479. The firm’s fifty day moving average is $25.06 and its 200 day moving average is $25.10. Invesco Variable Rate Investment Grade ETF has a 1 year low of $25.00 and a 1 year high of $25.18.
Invesco Variable Rate Investment Grade ETF Increases Dividend
About Invesco Variable Rate Investment Grade ETF
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.
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