Invesco Variable Rate Preferred ETF (NYSEARCA:VRP – Get Free Report) was the recipient of a large drop in short interest in the month of October. As of October 30th, there was short interest totaling 10,581 shares, a drop of 98.0% from the October 15th total of 519,626 shares. Based on an average trading volume of 1,031,667 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the shares of the stock are short sold.
Hedge Funds Weigh In On Invesco Variable Rate Preferred ETF
Institutional investors have recently added to or reduced their stakes in the stock. Atwood & Palmer Inc. purchased a new position in Invesco Variable Rate Preferred ETF in the third quarter worth approximately $43,000. International Assets Investment Management LLC lifted its position in shares of Invesco Variable Rate Preferred ETF by 51.4% during the 1st quarter. International Assets Investment Management LLC now owns 3,180 shares of the company’s stock worth $77,000 after purchasing an additional 1,080 shares during the last quarter. Bessemer Group Inc. acquired a new position in shares of Invesco Variable Rate Preferred ETF during the 3rd quarter worth about $104,000. Coastline Trust Co purchased a new position in Invesco Variable Rate Preferred ETF in the third quarter valued at approximately $154,000. Finally, Barrett & Company Inc. purchased a new position in shares of Invesco Variable Rate Preferred ETF during the third quarter worth about $161,000.
Invesco Variable Rate Preferred ETF Price Performance
Invesco Variable Rate Preferred ETF stock traded down $0.03 during trading on Wednesday, reaching $23.68. The company had a trading volume of 172,297 shares, compared to its average volume of 648,759. Invesco Variable Rate Preferred ETF has a 1-year low of $23.47 and a 1-year high of $24.68. The firm’s 50-day simple moving average is $23.79 and its 200 day simple moving average is $24.18.
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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