Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) Sees Significant Increase in Short Interest

Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) was the recipient of a significant growth in short interest in September. As of September 15th, there was short interest totalling 173,200 shares, a growth of 25.8% from the August 31st total of 137,700 shares. Based on an average daily volume of 277,100 shares, the short-interest ratio is currently 0.6 days.

Invesco Variable Rate Investment Grade ETF Price Performance

VRIG stock opened at $25.09 on Monday. The firm has a 50 day simple moving average of $25.11 and a two-hundred day simple moving average of $25.13. Invesco Variable Rate Investment Grade ETF has a one year low of $24.85 and a one year high of $25.24.

Invesco Variable Rate Investment Grade ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Friday, September 27th. Shareholders of record on Monday, September 23rd were paid a $0.127 dividend. This is a boost from Invesco Variable Rate Investment Grade ETF’s previous monthly dividend of $0.13. This represents a $1.52 dividend on an annualized basis and a yield of 6.07%. The ex-dividend date was Monday, September 23rd.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. LPL Financial LLC raised its position in Invesco Variable Rate Investment Grade ETF by 22.5% during the 2nd quarter. LPL Financial LLC now owns 2,698,211 shares of the company’s stock valued at $67,833,000 after purchasing an additional 495,070 shares during the last quarter. Fiduciary Planning LLC grew its stake in shares of Invesco Variable Rate Investment Grade ETF by 5.2% in the 2nd quarter. Fiduciary Planning LLC now owns 999,318 shares of the company’s stock worth $25,123,000 after buying an additional 49,748 shares during the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of Invesco Variable Rate Investment Grade ETF by 31.5% during the second quarter. Envestnet Asset Management Inc. now owns 516,623 shares of the company’s stock valued at $12,988,000 after acquiring an additional 123,707 shares in the last quarter. Total Clarity Wealth Management Inc. raised its holdings in Invesco Variable Rate Investment Grade ETF by 102.2% in the second quarter. Total Clarity Wealth Management Inc. now owns 483,064 shares of the company’s stock worth $12,144,000 after buying an additional 244,202 shares during the last quarter. Finally, Atria Wealth Solutions Inc. raised its holdings in Invesco Variable Rate Investment Grade ETF by 1.2% in the 2nd quarter. Atria Wealth Solutions Inc. now owns 279,731 shares of the company’s stock worth $7,032,000 after acquiring an additional 3,197 shares during the last quarter.

Invesco Variable Rate Investment Grade ETF Company Profile

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.