Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) Short Interest Down 36.5% in June

Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) was the recipient of a significant decrease in short interest in June. As of June 15th, there was short interest totalling 171,300 shares, a decrease of 36.5% from the May 31st total of 269,700 shares. Based on an average daily trading volume, of 329,000 shares, the short-interest ratio is currently 0.5 days.

Invesco Variable Rate Investment Grade ETF Stock Up 0.1 %

Shares of NASDAQ:VRIG traded up $0.03 during trading on Friday, hitting $25.14. 194,177 shares of the company were exchanged, compared to its average volume of 321,415. The business’s 50 day moving average is $25.14 and its 200-day moving average is $25.10. Invesco Variable Rate Investment Grade ETF has a 1-year low of $24.85 and a 1-year high of $25.24.

Invesco Variable Rate Investment Grade ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Friday, June 28th. Investors of record on Monday, June 24th were issued a $0.1241 dividend. This represents a $1.49 annualized dividend and a yield of 5.92%. The ex-dividend date was Monday, June 24th.

Institutional Trading of Invesco Variable Rate Investment Grade ETF

Several institutional investors have recently added to or reduced their stakes in VRIG. Vima LLC purchased a new stake in shares of Invesco Variable Rate Investment Grade ETF during the 4th quarter valued at $30,000. NBC Securities Inc. bought a new stake in shares of Invesco Variable Rate Investment Grade ETF during the 4th quarter valued at about $80,000. Advisors Asset Management Inc. raised its holdings in shares of Invesco Variable Rate Investment Grade ETF by 168.3% during the 1st quarter. Advisors Asset Management Inc. now owns 6,461 shares of the company’s stock valued at $162,000 after buying an additional 4,053 shares in the last quarter. Calton & Associates Inc. purchased a new position in shares of Invesco Variable Rate Investment Grade ETF during the 1st quarter valued at about $202,000. Finally, Prevail Innovative Wealth Advisors LLC purchased a new position in shares of Invesco Variable Rate Investment Grade ETF during the 1st quarter valued at about $215,000.

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.