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 target of a significant drop in short interest in the month of June. As of June 15th, there was short interest totalling 171,300 shares, a drop of 36.5% from the May 31st total of 269,700 shares. Based on an average daily volume of 329,000 shares, the days-to-cover ratio is presently 0.5 days.

Institutional Trading of Invesco Variable Rate Investment Grade ETF

Several hedge funds have recently added to or reduced their stakes in the company. Assetmark Inc. acquired a new stake in Invesco Variable Rate Investment Grade ETF in the fourth quarter valued at approximately $47,574,000. Fiduciary Planning LLC raised its holdings in Invesco Variable Rate Investment Grade ETF by 2.3% in the first quarter. Fiduciary Planning LLC now owns 949,570 shares of the company’s stock valued at $23,825,000 after acquiring an additional 21,211 shares in the last quarter. Cherry Creek Investment Advisors Inc. acquired a new stake in Invesco Variable Rate Investment Grade ETF in the first quarter valued at approximately $11,549,000. Lunt Capital Management Inc. raised its holdings in Invesco Variable Rate Investment Grade ETF by 273.5% in the first quarter. Lunt Capital Management Inc. now owns 413,064 shares of the company’s stock valued at $10,364,000 after acquiring an additional 302,472 shares in the last quarter. Finally, Private Advisor Group LLC raised its holdings in Invesco Variable Rate Investment Grade ETF by 13.1% in the fourth quarter. Private Advisor Group LLC now owns 400,448 shares of the company’s stock valued at $10,007,000 after acquiring an additional 46,400 shares in the last quarter.

Invesco Variable Rate Investment Grade ETF Price Performance

NASDAQ VRIG opened at $25.11 on Friday. The firm has a 50 day simple moving average of $25.15 and a 200-day simple moving average of $25.10. 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 Cuts Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, June 28th. Stockholders of record on Monday, June 24th will be paid a $0.1241 dividend. This represents a $1.49 annualized dividend and a dividend yield of 5.93%. The ex-dividend date is Monday, June 24th.

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.